- SOL confirms a major trendline breakout with buyers holding support above the retest zone.
- Solana’s network shows strong activity with high TVL, fees, inflows and daily user numbers.
- Solana leads tokenized stock markets, reaching up to 99% share through late 2025.
Solana moved through a confirmed breakout phase after crossing a major descending trendline that guided price through November. Market data showed steady pressure from buyers as SOL held above the retest zone and preserved upward movement. This structure marked a shift from lower highs toward controlled strength. At the time of writing Solana was trading at $141.
SOL Confirms Breakout as Buyers Hold the Retest Zone
SOL traded through a long downtrend during November as repeated rejections formed along a descending trendline. The market created lower highs across the month while intraday rebounds stalled near that level. According to an observation by Captain Faibik, the price reached a late-month low before climbing back toward the trendline with stable momentum.
The chart recorded a clean break above the trendline, and SOL held activity above that level with a brief consolidation. Buyers supported a retest of the breakout zone, and new support formed along the line. The green projection box on the chart reflected measured targets based on past volatility ranges.
Market structure showed steady candles across the early part of the projection zone. Analysts noted that SOL preserved upward behavior even during small intraday pullbacks. According to Man of Bitcoin, “as long as it holds support on the ascending trendline, a direct move higher remains likely,” though he added that the structure still appeared corrective.
Solana Ecosystem Data Shows Broad Engagement Across Core Sectors
DeFiLlama data showed Solana recording $8.946 billion in total value locked with a mild 24-hour decline. Stablecoin market cap reached $14.057 billion, and chain fees totaled $575,374 during the same period. Chain revenue reached $90,319 within the day and brought total network revenue to $772,550.
Application fees reached $7.82 million across core platforms, and decentralized exchanges recorded $2.961 billion in daily volume. Perpetual trading added $783.64 million and supported active market participation. Daily inflows reached $14.71 million, and active addresses totaled 2.11 million.
Tokenized stock activity continued to grow. Recent data showed Solana holding more than 95% monthly market share from July to October 2025, including 99% in October. These levels placed Solana at the front of real-world asset tokenization as platforms expanded usage across the ecosystem.
