Core Insights - Solana (SOL) is experiencing strong bullish momentum as it enters November, driven by positive developments throughout October [1][2] - Institutional investors have shown significant confidence in Solana, with over $381 million in inflows since early October, surpassing all other altcoins [2][3] - The easing selling pressure from long-term holders indicates a potential shift towards accumulation, which could strengthen Solana's market structure [5][6] Institutional Support - The inflow of $381 million from institutional investors highlights growing conviction in Solana's long-term potential and its emerging dominance in the Layer-1 blockchain sector [2][3] - Despite a bearish October for the broader crypto market, institutions maintained steady buying activity, reinforcing confidence in Solana [3] Market Dynamics - The HODLer Net Position Change metric shows a positive shift, with receding selling pressure from long-term holders, which is crucial for a potential rally [5][6] - Historically, November has been a strong month for Solana investors, with an average monthly return of 13.9% and a median return of 27.5% [8] Price Analysis - Solana's current price is $198, just below the $200 mark, and is moving within a bullish flag pattern, indicating a potential breakout [9][10] - A breakout is expected if Solana's price crosses the $213 resistance, which could lead to a rise towards $232 and higher [10] - Conversely, failure to breach $200 could result in a decline to $175, invalidating the bullish outlook [11]