Solana (SOL) Price is in Freefall, Any Chance of Increase in November 2025?

Jakarta, Pintu News – Solana (SOL) has experienced another decline after failing to stay above $200. Now, Solana’s price is below $200 and has the potential for further decline if it falls below $192.

Solana Price Correction

After successfully breaking through the $192 zone, Solana (SOL) price started a significant increase, surpassing Bitcoin (BTC) and Ethereum (ETH). SOL managed to break the $198 level and entered the short-term positive zone. It even managed to break the $200 resistance, registering a price peak near $205.

However, recently the price corrected and dropped below the 23.6% Fibonacci retracement level of the upward wave from $177 to $205. In addition, there was also a break below the bullish trend line with support at $198 on the hourly chart of the SOL/USD pair. Currently, Solana is trading below $198 and the 100-hour simple moving average.

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Potential for Further Decline

If Solana (SOL) fails to rise above the $200 resistance, there is a possibility that the price will drop again. Initial support on the downside is near the $192 zone and the 50% Fibonacci retracement level of the upward wave from $177 to $205. The first major support is near the $188 level. In case of a break below the $188 level, the price could head towards the $180 support zone. If the price closes below the $180 support, Solana (SOL) could drop towards the $166 support in the short term.

Technical Indicators

The hourly MACD indicator for SOL/USD shows acceleration within the bearish zone. Meanwhile, the hourly Relative Strength Index (RSI) for SOL/USD is below the 50 level, indicating that sellers have an edge over buyers at the moment. The key support levels are at $192 and $188, while the key resistance levels are $200 and $205.

If Solana (SOL) manages to break above the $205 resistance zone, this could be the start of a steady rise. The next key resistance is $212, and further gains could push the price towards the $220 level.

Conclusion

The current price dynamics of Solana (SOL) indicates uncertainty in the market. Investors and traders should pay attention to the mentioned support and resistance levels in anticipation of further price movements. Success or failure in maintaining or breaking these levels will largely determine the direction of Solana’s price in the near future.

Also Read: Bitcoin (BTC) Breaks $115,000, Fear & Greed Index is Neutral!

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Solana (SOL) Weakens 200%. Accessed on October 30, 2025