Technical analysis by Shavyfxhub about Symbol SOL on 11/9/2025

SOLANA after 291.47 all time high,buyers attempted to reach same high but failed after been rejected at 291.47 critical supply roof . all thing working in favor of sellers and they could hold sell till 82k-78.44-74k zone Solana Ecosystem and Applications Solana remains one of the fastest, cheapest blockchains, supporting a diverse range of projects: DeFi platforms: Marinade Finance (staking solutions), Raydium, Orca (decentralized exchanges) NFT marketplaces: Magic Eden, supporting digital art and collectibles Gaming: STEPN (move-to-earn app), Genopets, and blockchain-based gaming with NFT utilities Real-world asset tokenization: Transforming ownership models with fractionalization Decentralized identity and privacy: Blockchain-based secure identity solutions Supply chain transparency: Enhanced traceability and accountability IoT integration: Secure data sharing between Internet of Things devices Web3 social media and content platforms: Rewarding user participation with tokens Why Solana’s Price is Falling Market Sentiment: General crypto market volatility and risk-off sentiment affect Solana like other altcoins. Regulatory Pressure: Increased scrutiny on crypto in major economies raises investor caution. Network Issues: Past network outages and technical challenges still weigh on confidence despite improvements. Competition: Intense competition from Ethereum, Avalanche, and emerging Layer 1 chains affects investor appetite. Macro Factors: Broader macroeconomic headwinds including slowing tech sector, rising interest rates, and inflation concerns stunt speculative demand. #solusdt