Solana shows early signs of bounce: $131 support holds line

The price of Solana has seen a slight bounce recently; however, a significant portion of its supply is now underwater, indicating that many investors are facing losses. This situation has led to increased uncertainty in the market as the cryptocurrency struggles to maintain its value amidst ongoing volatility.

Monad has launched its MON token on the Solana blockchain through the Sunrise platform, facilitating seamless trading and transfers across different blockchain networks. This launch is a significant step for Monad as it aims to enhance its market presence and user accessibility.

Bitcoin's price has seen a significant decline, dropping 31% from its all-time high, with current trading around $85,000. This downturn is attributed to increased outflows from exchange-traded funds and a broader bearish trend in the cryptocurrency market.

Pepe Coin has experienced a significant decline in price over recent months, currently trading at its lowest level since October 10, indicating a challenging market environment for the cryptocurrency. As exchange inflows surge, a potential bullish pattern is beginning to form, suggesting a possible reversal in sentiment.

Binance Coin's price is nearing a death cross, indicating a potential further decline, as it has fallen nearly 40% from its year-to-date high. This technical bear market is compounded by a significant drop in transactions on the Binance Smart Chain (BSC), raising concerns about the token's future performance.

Shiba Inu's price has successfully defended its yearly low while experiencing a remarkable 1,000% increase in its burn rate, suggesting a potential reversal at a significant support level. This surge in burn rate indicates heightened activity among holders, possibly reflecting increased confidence in the token's future performance.

November is poised to become the worst month in history for Bitcoin exchange-traded funds (ETFs), with outflows reaching approximately $3.5 billion. This significant withdrawal reflects a growing trend of investor caution amid fears of a potential bear market, as Bitcoin's price has also seen a notable decline.

Dogecoin has experienced a notable rise in value as anticipation builds around the upcoming launch of Grayscale's Dogecoin ETF, scheduled for November 24, 2025. Analysts attribute this increase to a combination of meme enthusiasm and institutional inflows, despite ongoing technical uncertainties in the market.