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Forward Industries invests $30M in tokenized real estate on Solana amid SOL's 25% price drop.

13 Nov 2026, 19:01 WIB
Crypto Daily
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Bearish
Forward Industries invests $30M in tokenized real estate on Solana amid SOL's 25% price drop.

Forward Industries plans to invest up to $30 million in GromaCoin, a tokenized real estate asset launching on Solana in early 2027. This move aims to add steady dollar income to its SOL++ strategy amid Solana's recent 25% price decline. Despite the investment, Forward's shares and SOL token prices fell, reflecting ongoing selling pressure. The key support level for SOL is $74.10; holding this is crucial for any potential price recovery, while falling below it could lead to further declines. Forward's real estate stake offers a hedge against Solana's volatility but the token remains in a downtrend until it breaks above resistance near $95.82.

Solana trades at Rp1.449.840 on Pluang as of Nov 14, 2026 00:21 WIB, down 1.81% in the last day. The market shows more buyers than sellers, with 62% buying activity. Typical hold time for SOL on Pluang is 73 days, indicating moderate investor confidence despite recent price drops.

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