Solana (SOL) is showing remarkable resilience this week, holding firmly above 
the critical $140 support zone despite heightened market anxiety following a 
$37 million hack on South Korea’s Upbit exchange. Related Reading: The Bull 
And Bear Scenario For XRP That Could Play Out In November The stability comes 
at a time when institutional interest in Solana is accelerating, highlighted 
by Franklin Templeton’s recent Form 8-A filing with the U.S. SEC to launch a 
Solana ETF. Franklin Templeton’s Solana ETF Fuels Institutional Momentum The 
global investment giant, which manages $1.67 trillion in assets, is 
positioning itself at the forefront of crypto-focused investment products. The 
proposed ETF would offer regulated exposure to Solana without requiring 
investors to hold the token directly, a move widely seen as a bullish catalyst 
for long-term adoption. Historically, ETFs have had mixed but notable effects 
on crypto markets. Bitcoin surged to new all-time highs after its ETF debut in 
2024, while Ethereum took months to show similar momentum. Analysts say it 
remains unclear whether SOL will follow the Bitcoin pattern or display a more 
gradual response once the ETF is approved. SOL&#8217;s price trends to the downside 
on the daily chart. Source: SOLUSD on Tradingview Upbit’s $37M Solana Hack 
Sends Shockwaves, But SOL Stays Steady Upbit confirmed an unauthorized outflow 
of roughly 54 billion KRW (about $37 million) involving SOL and several 
Solana-based tokens. The exchange immediately halted deposits and withdrawals, 
moved remaining assets into cold storage, and pledged to fully reimburse 
affected customers from its own reserves. While such incidents typically 
trigger steep price drops, Solana’s ecosystem demonstrated surprising 
stability. Not only did SOL hold above $140, a multi-month high-timeframe 
support zone, but Solana memecoins such as BONK, TRUMP, and MOODENG barely 
reacted. Traders pointed to on-chain data showing buyers aggressively 
defending key support levels, even as broader market sentiment wavered. Upbit 
has already frozen ₩12 billion worth of stolen LAYER tokens and is working 
with partners to trace additional assets. The timing of the breach, occurring 
nearly six years to the day after Upbit’s notorious 2019 hack, has drawn 
attention but has not shaken confidence in Solana’s network. Technical 
Outlook: Rebound or Breakdown? Analysts highlight $142–$145 as the immediate 
resistance band, supported by an estimated 13 million SOL accumulated at that 
level. A breakout could open the path toward $165, $188, and even higher 
liquidity pockets at $220–$240. Longer-term projections suggest potential 
targets between $360 and $480 if Wyckoff reaccumulation patterns complete. 
However, a failure to maintain $143 support could send SOL toward deeper zones 
at $130–$127. Related Reading: Has The Bitcoin Price Hit Its Bottom? Key On- 
Chain Data Signals Potential Rebound Ahead For now, Solana’s impressive 
stability, amid an exchange hack and ongoing market downturn, underscores 
growing confidence in the ecosystem as institutional players continue to step 
in. Cover image from ChatGPT, SOLUSD chart from Tradingview

SOL Holds $140 Support as Upbit Hack Fails to Shake Solana Ecosystem

According to onchain data, SpaceX shuffled its bitcoin once more today, 
sending funds to two separate wallets. The move was spotted by onchain analyst 
Sani’s timechain bot, which flagged the company’s latest hop of 1,163 BTC. 
SpaceX’s last bitcoin (BTC) shuffle came just a month ago, and on Nov. 26, 
2025, at block 925338, the […]

Elon Musk’s SpaceX Ignites Chatter With Another Bitcoin Transfer to New Wallets

While the Q4 correction has been painful, the crypto market outlook is strong 
in the medium term. In particular, liquidity, on-chain metrics, and regulatory 
changes are expected to drive recovery after the crypto market crash.

Crypto market crash does not mean the cycle is over: Sygnum

Bitcoin bulls need to pump more volume into the spot and futures market in 
order for the current BTC bounce to hold above $90,000.

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A crypto market bull run may be coming as Bitcoin and most altcoins continue 
their uptrend today, Nov. 27.

Cryptocurrency price in NOK