Chainlink Surpasses Solana in Developer Engagement Amid Market Downturns

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Nov 22 2025

SOL-0.395%

LINK-1%

DRIFT-5.81%

Should l Buy SOL?

Chainlink Leads Development: Chainlink has emerged as the top project in the Solana ecosystem for development activity over the past 30 days, followed by Solana itself and Wormhole, indicating strong developer engagement despite market downturns.
Market Performance Divergence: While developer activity remains robust, many top Solana projects have experienced significant losses, with Swarms being a notable exception, showing resilience amidst the broader sell-off.
Long-Term Optimism from Development: Analysts view sustained development as a positive long-term indicator, suggesting that ongoing updates and enhancements may reflect builder confidence, even as market prices decline.
Impact of Broader Market Conditions: The future relationship between increased development activity and market recovery will depend on overall liquidity conditions in the cryptocurrency sector.

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Technical Analysis for SOL

Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Solana (SOL) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	17.603	42.551	69.223	94.171	120.843	145.791	172.463
Fibonacci	42.551	62.27	74.452	94.171	113.89	126.072	145.791

About SOL

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.To learn more about this project, check out our deep dive of Solana.The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of the blockchain.Because of the innovative hybrid consensus model, Solana enjoys interest from small-time traders and institutional traders alike. A significant focus for the Solana Foundation is to make decentralized finance accessible on a larger scale.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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