Solana (SOL) is currently trading near a crucial support level between $135 and $140, as investors increasingly favor low-fee staking options like Bitwise's BSOL. This shift in investor preference is reflected in Polymarket data, which shows a significant drop in the odds of Solana reaching a new all-time high before 2026, now at 6%, down from 56% in October.
Bitwise's BSOL has been attracting steady inflows, surpassing Grayscale's GSOL. As of November 12, BSOL's total units have increased to 344.3, while GSOL's stand at 24.4, indicating a growing investor interest in BSOL's staking product.
Solana Faces Key Support Test as BSOL Gains Traction
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