Solana price bounces off $129 lows but is SOL out of the woods?

by Heber Wilkinson

  • Solana mark dropped to lows of $129, falling as Bitcoin and Ethereum dipped below key ranges.
  • Bulls possess shown a dinky soar with SOL above $136.
  • If bears take extra again watch over, the altcoin would possibly well presumably dip to lows of $100.

Solana (SOL) used to be trading within the red, down 3% within the final 24 hours.

Nonetheless, the altcoin has staged a tentative restoration, with bulls mountain climbing relieve above $136 after dipping to intraday lows of $129.

Prices are down 17% within the previous week and 26% from SOL’s three-month high.

Nonetheless, trading volume has surged to over $9.1 billion, up 76% in 24 hours and signaling heightened investor exercise.

Amid broader market jitters, Bitcoin’s mark has slipped to $90,000, and Ethereum touched lows of $2,940.

So, does Solana’s rebound signal a slowdown of bearish stress, or are bears regrouping for a contemporary assault?

Solana mark – detrimental but SOL relieve above $130

The keen descent that preceded Solana’s dinky restoration comes as crypto suffers extra mark vulnerability.

SOL plumbed depths of $129 on November 17, marking its lowest diploma since April 2025.

On major exchanges like Binance and Coinbase, the descend wiped out most most up-to-date beneficial properties as bears extended losses and regarded poised to revisit ranges seen earlier within the three hundred and sixty five days.

Cascading liquidations possess seen rekt positions nefarious the $1 billion label across the crypto sector within the previous 24 hours.

It all factors to selling that has bulls pegged in detrimental territory. But, analysts achieve an mumble to a attainable soar.

What’s subsequent for SOL?

The technical portray on Solana’s daily chart paints a cautiously optimistic but precarious outlook.

SOL mark teeters between a markedly bearish structure and hints of bullish divergence.

Particularly, Solana’s token for the time being trades below the key interesting averages of the 50-day and the 200-day.

Bears are showing downtrend again watch over with a attainable loss of life nefarious sample.

Nonetheless, that is easiest hinted at on the daily chart, and despite solid promote alerts across more than one oscillators, including RSI and MACD indicators, bulls would possibly well presumably possess a big gamble to invalidate the portray.

“SOL placing in rather the reversal relative to its $BTC pair. And it’s not the supreme coin,” Daan Crypto Trades mentioned on X.

$SOL Striking in rather the reversal relative to its $BTC pair.

And or not it’s not the supreme coin.

Correct to eye right here. pic.twitter.com/I5rrbT8uAF

— Daan Crypto Trades (@DaanCrypto) November 18, 2025

A decisive again above the $130 diploma would possibly well presumably allow traders to target the $145-150 achieve an mumble to zone.

Outdated consolidations within the residence possess helped bulls advance against $160-180.

The token is now consolidating and trading below $140 and the 100-hourly SMA, facing quick resistance at $136, where a bearish pattern line moreover sits.

A proceed above $142 would possibly well presumably start the door to a restoration against $150 and $155.

Nonetheless, failure to particular $140 risks renewed downside, with give a enhance to at $130 and $128.

A damage below $128 would possibly well presumably push SOL against $120 and even $108.

Within the quick time period, the key give a enhance to residence in case of a contemporary decline would possibly well presumably allow sellers to target $100.

Prolonged-time period, Solana’s outlook remains largely bullish. ETF momentum, community upgrades, and regulatory shifts all provide a significant confluence for bulls.

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