Solana (SOL) Below $150 Again, Exposing Price to Additional Bearish Swings

Overview

Solana has experienced a significant decline, falling below the $150 mark. This drop has raised concerns about further bearish trends, as the price consolidates losses and faces potential challenges in recovering.

Recent Price Movements

Solana’s price began to decline after failing to maintain stability above the $162 level. It has since dropped below both the $155 and $150 support levels. The current trading status shows Solana below $150 and the 100-hourly simple moving average, indicating bearish momentum.

Key Resistance and Support Levels

A bearish trend line is forming, with immediate resistance identified at the $148 level on the hourly chart of the SOL/USD pair. If the price can defend the $142 or $140 levels, there may be a chance for a recovery wave. However, if Solana fails to rise above the $152 resistance, it is likely to continue its downward movement.

• Immediate Resistance: $148
• Next Major Resistance: $152
• Main Resistance: $160
• Initial Support: $142
• First Major Support: $140

If the price breaks below the $140 level, it could lead to a decline toward the $132 support zone. A close below this level may further push the price down to the $120 support in the near term.

Impact on the crypto market

• Solana’s decline below $150 reflects a broader bearish sentiment in the market.
• The inability to maintain key support levels may influence trader confidence and market stability.
• The formation of a bearish trend line indicates potential continued downward pressure on Solana’s price.
• Resistance levels at $148 and $152 will be critical in determining the short-term price direction.
• The price movement of Solana could impact other cryptocurrencies, given its correlation with major assets like Bitcoin and Ethereum.

Updated: 11/14/2025, 5:23:46 AM