- Solana’s price fell to intraday lows of $129 as Bitcoin and Ethereum slipped below key levels.
- Bulls recorded a modest rebound for SOL above $136.
- If bears regain control, the altcoin could drop toward a $100 low.
Solana (SOL) traded in the red, falling about 3% over the past 24 hours.
The altcoin did, however, see a cautious recovery, with buyers pushing prices back above $136 after an intraday low of $129.
Prices have declined roughly 17% over the past week and about 26% from SOL’s three-month high.
Trading volume rose to more than $9.1 billion, up about 76% in 24 hours, signaling heightened investor activity.
Against a backdrop of broader market unease, Bitcoin dipped toward $90,000 while Ethereum hit lows near $2,940.
So, does Solana’s rebound signal a cooling of bearish pressure, or are bears regrouping for another push?
Solana Price — Negative, but SOL Back Above $130
The sharp decline that preceded SOL’s modest recovery arrives amid renewed price vulnerability across the crypto market.
SOL fell to $129 on November 17, marking its lowest level since April 2025.
On major exchanges such as Binance and Coinbase, the drop erased most recent gains as bears extended losses and appeared set to revert prices to levels seen earlier in the year.
Cascading liquidations pushed forced-closure positions above $1 billion in the crypto sector over the last 24 hours.
All signs point to selling pressure that leaves bulls on the defensive, though analysts still see the potential for a rebound.
What Awaits SOL Next?
The technical picture on Solana’s daily chart is cautiously optimistic but fragile.
SOL’s price currently balances between a clearly bearish structure and hints of bullish divergence.
Notably, the token trades below key moving averages, including the 50-day and 200-day lines.
Bears appear to control the downtrend, with a potential death cross pattern forming.
However, this signal is visible only on the daily timeframe, and despite strong sell signals across several oscillators — including RSI and MACD — bulls still have opportunities to invalidate that bearish outlook.
“SOL is putting in quite the reversal relative to its $BTC pair. And it’s not the only coin,” said Daan Crypto Trades on X.
A decisive hold above $130 could enable buyers to target the $145–$150 demand zone.
Previous consolidation in that region helped bulls push toward $160–$180.
The token is now consolidating below $140 and the 100-hour SMA, facing immediate resistance at $136, where a bearish trend line also sits.
A move above $142 could open the door for a recovery toward $150 and $155.
Conversely, failure to reclaim $140 risks further declines, with support near $130 and $128.
A break below $128 could push SOL down to $120 or even $108.
In the short term, a deeper drop could allow sellers to target a key support area around $100.
Over the longer term, the outlook for Solana remains broadly bullish. ETF momentum, network upgrades, and regulatory developments all provide meaningful upside catalysts for future bullish trends.