SOL is trading above $160 after testing the $150 low on Tuesday.
The coin could rally towards the $200 level soon amid growing demand and low supply.
SOL recovers from Tuesday’s slump
Solana’s derivatives market has not fully recovered since the October 10 deleveraging event, which liquidated over $19 billion in crypto assets within 24 hours. Data obtained from CoinGlass showed that the futures Open Interest (OI) averaged $17.63 billion on Wednesday, up from the $7.7 billion recorded on Tuesday.
The growing OI, representing the national value of outstanding futures contracts, suggests that retail investors are regaining interest in the cryptocurrency. A steady recovery in the OI will indicate a short-term bullish outlook. Otherwise, Solana’s recovery potential could remain limited.
Solana bulls eye short-term breakout
The SOL/USD daily chart remains bearish and inefficient as Solana has failed to break above the $200 psychological level in the near term. SOL is trading at $160 per coin at the moment as the broader crypto market recovers from the recent slump.
The Relative Strength Index (RSI) on the daily chart holds at 40, signaling a fading bearish trend. If the RSI moves above the neutral 50, SOL could rally higher towards the $188 resistance level in the near term. An extended bullish run would see SOL hit $200 for the first time since October 25th.
However, if the downtrend continues to dominate, SOL could drop below the $150 support level and retest the recent low of $144.
Conversely, the Moving Average Convergence Divergence (MACD) indicator on the daily chart is set to trigger a buy signal. This signal usually takes place once the blue line crosses and settles above the red signal line, encouraging investors to increase their risk exposure.
SOL could experience a 22% breakout from its current level, allowing it to hit the $200 psychological level.
Im Gespräch mit Cointelegraph erklärt Dan Tapiero, Gründer von 10T Holdings, warum die Fundamentaldaten von Bitcoin auch angesichts eines drohenden Rückgangs um 70 % in der nächsten Bärenmarktphase weiterhin stark sind.
XRP is trading above $2.4 after defending the $2.35 support level.
The cryptocurrency could rally towards the $2.7 resistance level soon.
XRP defends the $2.35 support level
The cryptocurrency market had a positive start to the week, with Bitcoin and other major cryptocurrencies recording excellent gains. Bitcoin hit the $107k resistance level but faced rejection at this zone and dumped below $103k on Wednesday.
This bearish performance also affected major altcoins, including XRP. Ripple’s native coin dipped below $2.40 on Tuesday, but the bulls defended the $2.35 support level. This allowed the cryptocurrency to reclaim the $2.4 level and could serve as the springboard to push the price higher in the near term.
Analysts expect XRP’s price to surge higher ahead of a possible ETF approval by the United States Securities and Exchange Commission (SEC). In an email to Coinjournal, Alexis Sirkia, Chairman of (Ripple-backed) Yellow Network, stated that,
“Investors are looking to get in ahead of and benefit from the retail and institutional capital that floods in with ETF approvals, which looks to be set for around November 13.
Whilst separate entities, Ripple’s recent $500 million strategic investment and $40 billion valuation are another positive factor impacting XRP’s price. If Wall Street titans like Citadel and Fortress are betting so much on Ripple, which stewards the XRPL, they clearly believe in the utility of the ledger itself. Any further major price move for XRP will be driven by these structural factors, not just by short-term sentiment.”
XRP eyes $2.7 if the daily support at $2.35 holds
XRP rallied to the $2.55 level on Monday, retesting its 50-day EMA following the bearish performance recorded last week. However, the resistance failed and XRP dipped below $2.40 on Tuesday. It is now trading around $2.44 per coin.
If the daily support at $2.35 holds, XRP could rally higher and retest the $2.55 resistance level once again. An extended bullish trend would see XRP grab the trendline liquidity and hit $2.70 in the process.
The daily RSI dipped below the neutral 50 level to 47, indicating slight weakness in momentum. However, the MACD showed a bullish crossover earlier this week, suggesting that the bullish view remains in play.
On the flip side, if XRP closes below the daily support at $2.35, the bearish trend would continue, and XRP would decline toward the next daily support at $1.96.
Die technischen und On-Chain-Signale von XRP deuten auf einen bedeutenden Ausbruch hin, wobei die Bullen bis zum Jahresende einen deutlichen Anstieg auf 5 US-Dollar erwarten.
US Bitcoin ETFs inflows signal cautious institutional optimism.
Macro uncertainty from the Fed and government shutdown keeps BTC under pressure.
Bitcoin (BTC) continues to navigate turbulent market conditions as macroeconomic uncertainty and institutional dynamics shape its near-term trajectory.
Despite renewed interest from investors and a notable surge in Bitcoin ETFs, the world’s largest cryptocurrency faces persistent pressure from long-term holder selling, cautious institutional sentiment, and a complex macro backdrop influenced by the Federal Reserve and ongoing government shutdown developments.
Analysts and strategists are watching closely as BTC balances between cyclical signals and broader market realities in November.
Bitcoin price struggles amid range-bound trading
Bitcoin price has remained largely trapped between $106,000 and $116,000 over the past two weeks, signalling a period of consolidation rather than upward momentum.
Long-term holders have accelerated their monthly distribution to roughly 104,000 BTC, marking one of the heaviest selling waves since mid-July, according to the recent Bitfinex report.
This persistent supply pressure is coinciding with muted institutional demand following October’s sharp liquidation event, leaving BTC caught in a sideways range with limited short-term catalysts.
Analysts warn that unless ETF inflows or new spot demand increase, the cryptocurrency could test support near $106,000, and a sustained breach of this level might open the path to $100,000.
ETF inflows signal cautious optimism
Despite these headwinds, Bitcoin ETFs have shown signs of recovery, injecting optimism into the market.
On November 11, US spot Bitcoin ETFs recorded $524 million in cumulative net inflows.
Total Bitcoin Spot ETF Net Inflow (USD) | Source: Coinglass
This return of demand, alongside smart money traders adding net long positions totalling over $8.5 million, highlights a growing, albeit measured, confidence among institutional participants.
Analysts have noted that sustained ETF inflows may signal an end to the broader de-risking phase observed after the market downturn, even as retail participation remains subdued.
Macro factors keep BTC on edge
Despite increased ETF inflows, macro conditions continue to weigh heavily on Bitcoin (BTC).
The Federal Reserve’s recent 25-basis-point rate cut and the formal end of its balance sheet runoff are tempered by internal division over the next steps, with some officials citing risks from persistent inflation and others warning of slowing labour markets.
Meanwhile, the Secured Overnight Financing Rate recently plunged to 3.92%, which financial analyst Shanaka Anslem described as indicative of market panic.
THE WORLD’S MOST IMPORTANT NUMBER JUST COLLAPSED
November 6, 2025: SOFR crashed to 3.92%. The lowest level in two years. The benchmark that controls $397 trillion in global contracts just signaled something catastrophic.
This is not a rate cut. This is a liquidity flood.
These developments, combined with falling consumer confidence and cooling wage growth, have created uncertainty around near-term capital flows and investor appetite for risk assets like Bitcoin.
While the Senate moves toward a potential resolution, analysts note that the relief may boost equities more than cryptocurrencies, as capital appears to rotate toward traditional financial markets while liquidity waits on the sidelines for normal economic data to resume.
These dynamics have contributed to continued downside pressure on BTC, even as technical and ETF-related signals point to potential stabilisation.
Bitcoin price outlook for November
Looking ahead, November may not deliver the historic rallies often seen in the penultimate month of the year, as Bitcoin (BTC) remains caught between conflicting forces.
While ETF inflows and smart money activity provide a foundation for renewed optimism, ongoing distribution by long-term holders, macro uncertainty, and cautious institutional behaviour continue to weigh on the Bitcoin price.
