Executive Summary
The Story So Far
Why This Matters
Who Thinks What?
Solana (SOL) is currently battling to maintain its critical $150 support level, even as its associated exchange-traded funds (ETFs) have attracted over $400 million in institutional inflows. This comes amid a broader trend where major Bitcoin mining firms, MARA Holdings and Hut 8, are reporting strong third-quarter earnings and strategically pivoting into artificial intelligence (AI) infrastructure, highlighting a growing convergence between the crypto and AI sectors.
Solana’s Price Action and Institutional Interest
The Solana network has seen significant institutional interest, evidenced by the substantial $400 million flowing into Solana-based ETFs. This indicates strong confidence from large players in the altcoin’s future, marking one of the largest altcoin inflows of the current cycle, according to Cointelegraph.
Despite this institutional backing, SOL dipped below its 211-day uptrend on November 5, trading beneath the $150 mark—a level that had previously held firm since early 2024. This breach has introduced short-term risks, with analysts suggesting a potential drop to $138 or even $120 if the current support fails to hold.
However, market observers are noting a potential “Tweezers Bottom” formation near the $150 support, with the Relative Strength Index (RSI) approaching oversold conditions, which could signal a weakening of selling pressure. A decisive close above $158 might reverse the trend, potentially driving SOL towards $178 or even $200.
Bitcoin Miners Diversify into AI Infrastructure
Bitcoin mining giants MARA Holdings and Hut 8 both reported robust third-quarter 2025 results, showcasing significant profit growth and increased Bitcoin reserves. MARA’s revenue surged 92% year-over-year to $252 million, converting a previous loss into a $123 million net income, while its Bitcoin holdings reached 52,850 BTC.
Similarly, Hut 8 nearly doubled its revenue to $83.5 million, securing $50.6 million in profits for the quarter, with its Bitcoin reserves growing to 13,696 BTC. Beyond mining, both companies are making strategic moves into AI infrastructure; MARA acquired French EDF subsidiary Exaion for $168 million to expand into low-carbon AI data centers, and Hut 8 is managing 1.02 gigawatts of energy infrastructure, planning to scale to 2.5 GW to support high-performance AI workloads.
The Rise of AI-Crypto Projects
In parallel with established crypto firms’ pivot, new projects at the intersection of AI and crypto are gaining traction. DeepSnitch AI, for instance, has seen its presale token price rally by 42% to $0.02157, having raised over $500,000. The project aims to create a unified dashboard, described by some as a “Bloomberg Terminal of crypto,” powered by five AI agents tracking wallet flows, on-chain activity, sentiment, and news.
Litecoin’s Steady Progress
Litecoin (LTC) is also showing signs of renewed strength, gradually approaching the $98 zone, which traders identify as a key breakout level. After a period of stable price action, LTC is holding above its $85-$88 support. The cryptocurrency is forming a descending triangle on higher timeframes, a pattern often preceding sharp reversals.
A distinctive feature of Litecoin is its MimbleWimble (MWEB) upgrade, which offers optional privacy features while maintaining network transparency. This, combined with MWEB support across various wallets and potential ETF inclusion, contributes to its long-term outlook.
Outlook on AI and Crypto Convergence
The strategic shifts by prominent crypto companies like MARA and Hut 8 into AI infrastructure underscore the increasing importance of artificial intelligence as a growth driver within the digital asset ecosystem. With projections indicating substantial growth for the AI market in the coming years, investors are keenly observing projects that bridge both sectors.
