Everyone’s favorite currency is back like it never disappeared; The United States Securities and Exchange Commission (SEC) has officially approved the creation of exchange-traded funds (ETFs) for Solana, Litecoin-LTC and Hedera-HBAR despite the ongoing government shutdown in the United States.
Bitwise’s Solana ETF, which offers mortgage yields, is set to begin trading on NYSE Arca on October 28, making it the first U.S. ETF to offer full exposure to SOL in the cash market, and likely not the last. VanEck recently filed Amendment 6 to its Solana ETF Order, indicating that… Approval may be forthcoming soon.
Market Cap of Stablecoins on Solana Blockchain Hits All-Time High
On October 14, the market capitalization of stablecoins built on the Solana blockchain reached an all-time high of $16.25 billion, a sharp increase from $5 billion at the beginning of the year, signifying growth of over 200%.
With stablecoins on the Solana blockchain seeing unprecedented levels, this means a large amount of liquidity is flowing into the network, with USD Coin-USDC and Tether-USDT balance increasing on the blockchain, indicating increased trading and growing usage of decentralized finance (DeFi) applications and more traders choosing this network over other blockchain networks.
Although the pace of Solana coin price growth has slowed somewhat recently, these indicators are still considered a very promising sign, as the technical system of the Solana blockchain is growing and liquidity is increasing with growing trader confidence.
Solana Coin Price Prediction: Can It Reach $250 in November 2025?
With the Federal Reserve’s decision to cut interest rates approaching, anticipation of President Jerome Powell’s speech, and the possibility of a liquidity crunch (quantitative tightening) that will soon end, the market finally began to rebound after the U.S. stock market alone added approximately $767 billion to its market value today.
Solana coin price managed to reach the upper resistance at $205 before moving lower and retesting the previous resistance at $197, which has now turned into support, as it is now positioned above this support and below the nearest resistance zone, reflecting balanced relative stability in the short term.
A strong breakout and close above the $205 level could push Solana coin price towards the next resistance line near $215, with the bullish momentum potentially continuing towards higher levels, as seen in the chart. However, if the price fails to sustain its level above $197, it could fall back to $182, which could open the door for lower support levels later.
Maxi Doge-MAXI could become Dogecoin-DOGE for the new meme season
With the Solana boom and the growth of investment in altcoins via exchange-traded funds (ETFs), markets are approaching meme season, which typically sees these coins launch ahead of the rest of the market during each bullish wave.
This cycle seems different because most of the old memes have lost their momentum. While Dogecoin-DOGE’s growth has slowed, top memes on the Solana blockchain made their biggest gains months ago, paving the way for a new flagship coin to emerge on the Ethereum blockchain.
Maxi Doge has quickly become one of the strongest competitors, reconnecting with the original energy of the meme coins that gave Dogecoin its legendary launch, but with better economics. And mortgage bonuses for foreign exchange owners of up to 80%. On the other hand, the MAXI coin offering managed to raise over $3.80 million, while whales (large investors) are quietly increasing their positions before small investors enter the market.
If liquidity shifts to meme coins, as it always does when the market rebounds, Maxi Doge could become one of the biggest gainers on the Ethereum blockchain.
To visit the official Maxi Doge coin website, click here
The post Expectations for the price of Solana coin (Solana-SOL) with its breakout above the $200 resistance level after the start of trading of the exchange-traded fund (ETF); Will it reach $250 in November 2025? appeared first on Cryptonews Arabic.
