- Solana slipped below $180 after Bitcoin’s drop under $108,000, confirming a short-term downtrend with fading momentum and low trading volume.
- The $165 demand zone is the key level to watch—holding above it could trigger a rebound toward $200, while losing it might open the door to deeper losses near $130.
- Despite short-term weakness, Solana’s long-term fundamentals remain strong, leaving room for recovery if Bitcoin stabilizes and buyer confidence returns.
The start of November hasn’t been kind to crypto. After a shaky monthly close, sellers have tightened their grip across major assets. Bitcoin slid below $107,500, breaking through a critical support near $108,000, while Solana (SOL)tumbled to around $176, losing the firm October base it had held between $178–$180. The move wiped over 8% off SOL’s price, fueled by weak trading volume and fading momentum.
The broader market followed suit, with total crypto capitalization dipping as traders locked in profits from the previous rally. This pullback now confirms a short-term downtrend for Solana. If selling pressure keeps building, the next stop could be the $165 demand zone—a level that’s historically triggered strong rebounds. Holding that area could give bulls a chance to reset and push for a move back toward $200, which remains a key resistance barrier for now.
What’s Next for Solana’s Price Rally?
Solana’s chart looks heavy, no doubt about it. The token is consolidating near $187, but the structure is clearly printing lower highs, hinting at growing bearish control. Rejections near the $240 zone have become a pattern, and the latest slip below $180 has put SOL right at mid-range support. Traders are watching closely, waiting to see if this is just another shakeout or the start of a deeper leg down.
A recent analysis from Ali, a well-known crypto analyst, showed Solana locked in a wide $100–$260 range that’s been active for months. The projection suggests a possible short rebound toward $200—followed by another dip if the $165 zone breaks. In a more bearish case, SOL could slide to the $130–$100 range by early 2026. But it’s not all doom: a clean break above $200 could flip sentiment fast, reigniting bullish pressure and targeting resistance near $240 once again.
Wrapping It Up
For now, the market is uneasy. Bitcoin’s slip under $108,000 is dragging everything down, and Solana is feeling that weight directly. If BTC can reclaim $110,000, it might spark a recovery wave that helps SOL regain ground. Until then, expect choppy sideways action as traders wait for a clear direction.
Solana’s short-term setup is still bearish, but the long-term picture isn’t broken. The $165 level remains the line in the sand. Hold it—and bulls could get a second wind. Lose it—and things might unwind faster than most expect. In a market this volatile, sentiment can flip overnight, so patience and tight risk control might be the only winning trade for now.
