21Shares is launching its Solana ETF today with $100M to start, which is pretty good news. What’s interesting is that SOL ETFs have now seen 16 days straight of money flowing in; yesterday alone brought in $26.2M, and total inflows are sitting over $867M. Clearly, institutions are interested.
But here’s the thing, the actual price action tells a different story. Bitcoin is down like 27% over the past 6 weeks, wiping out over a trillion dollars in market cap and basically erasing all its gains for the year. Solana price? Even worse, it’s down 40% year to date. And the on-chain activity backs up the bearish period.
Active addresses on Solana recently hit their lowest level in almost a year, dropping to 35.9 million. A lot of that’s because the memecoin craze seems to be cooling off. So now everyone’s wondering, is this just a temporary pause, or are we looking at a bigger shift for Solana?
Solana Price Prediction: Is SOL Going Back to $30?
Solana’s price is currently testing the upper boundary of its descending channel at $144. That downtrend through November was rough, but it might finally be ending.
Around November 18-19, a potential double bottom pattern formed in the $130-132 range, which is typically a bullish reversal signal. After hitting that low, SOL has been moving sideways in a tight range around $141-146 for the past few days, suggesting indecision in the market.
The technicals are showing some cautious optimism; the RSI is sitting at 55.61, which suggests mild bullish momentum. If SOL can push through and break above this descending channel with conviction, we could see a run toward $150 and potentially back to that $170 resistance level.
$SOL might’ve just confirmed its pivot.
$130 held for the third time, triggering another V‑shape reversal with RSI snapping from 28→50.
OI is back above $7.3B, funding turned positive, and spot CVD is climbing showing concrete buyers, not only leverage.
ETF inflows hit $390M,… pic.twitter.com/0nDFRKRygL— Onur
(@0xc06) November 19, 2025
An acceptable scenario would be consolidating around these levels for more time, allowing the base to strengthen. What’s not acceptable is breaking under $130, because things could get ugly fast. If that support fails, predictions for new lows will get louder, and some are even talking about a return to $30.
SUBBD Might Be the Better Bet While Solana Struggles
With Solana chopping around and the entire market stuck in a phase of uncertainty, a lot of traders are shifting their attention toward projects that can grow regardless of price action. SUBBD is quickly becoming one of those standouts.
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Momentum is already building. The project has raised 1.34 million dollars so far in its presale, and staking is sitting at a clean 20% APY.
If you’re looking for something with real upside and a stronger narrative than just price action alone, SUBBD is positioning itself as one of the more interesting new players moving into 2025.
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