- Solana price fell to a low of $129, driven lower as Bitcoin and Ethereum slipped below key levels.
- Bulls showed a modest rebound with SOL reclaiming levels above $136.
- If bears regain control, the altcoin could fall toward the $100 area.
Solana (SOL) traded in the red, down about 3% over the past 24 hours.
The token staged a tentative recovery, with buyers pushing SOL back above $136 after an intraday low of $129.
SOL has lost roughly 17% over the past week and about 26% from its three-month high.
Despite the pullback, trading volume surged to over $9.1 billion—up 76% in 24 hours—signaling heightened investor activity.
Amid broader market unease, Bitcoin slipped toward $90,000, while Ethereum briefly touched a low near $2,940.
So, does Solana’s rebound indicate easing bearish pressure, or are sellers regrouping for another move lower?
Solana Price — negative, but SOL back above $130
The sharp drop followed by a minor recovery reflects ongoing price vulnerability across crypto markets.
SOL plunged to $129 on November 17, marking the lowest level since April 2025.
On major exchanges like Binance and Coinbase, the decline erased recent gains as bears extended losses, appearing poised to test levels seen earlier this year.
Cascading liquidations drove rekt positions above $1 billion across the crypto sector within 24 hours.
That wave of selling left bulls pinned in negative territory. Still, some analysts note the potential for a rebound.
What’s next for SOL?
The technical picture on Solana’s daily chart is cautiously bearish but fragilely optimistic.
SOL is trading between clear bearish structures and signals of bullish divergence.
Notably, the token sits below key moving averages—the 50-day and 200-day—highlighting downward pressure.
Bears are exerting trend control, with a potential death cross forming if current momentum persists.
However, that pattern is only suggested on the daily chart. Despite strong sell signals from oscillators like RSI and MACD, bulls still have opportunities to alter the outlook.
“SOL is putting in a relative reversal against its $BTC pair. And it’s not the only coin,” said Daan Crypto Trades on X.
$SOL Putting in quite the reversal relative to its $BTC pair.
And it’s not the only coin.
Good to watch here. pic.twitter.com/I5rrbT8uAF
— Daan Crypto Trades (@DaanCrypto) November 18, 2025
A decisive hold above $130 could allow buyers to target a demand zone in the $145–$150 range.
Previous consolidation in that area helped bulls push toward $160–$180.
Currently the token is consolidating below $140 and the 100-hour SMA, facing immediate resistance at $136 where a bearish trendline converges.
A move above $142 could open the door for a recovery toward $150 and $155.
Failure to clear $140 risks renewed losses, with support near $130 and $128.
A break below $128 could push SOL down to $120 or even $108.
In the near term, if selling resumes, the main downside target for bears could be around $100.
Over the long term, Solana’s outlook remains largely positive: ETF momentum, network upgrades, and evolving regulation provide important tailwinds for bulls.