Solana (SOL) Price Plunges to Support Point, Recovery Opportunities Lurking? (10/31/25)

Updated

October 31, 2025

Gambar Solana (SOL) Price Plunges to Support Point, Recovery Opportunities Lurking? (10/31/25)

Jakarta, Pintu News – Solana has recently experienced a significant drop after failing to break the $205 resistance level. In recent moves, SOL has broken below $200 and $198, entering a short-term bearish zone. Nonetheless, there are indications that buyers are becoming active near the $192 support, suggesting a potential recovery base.

Technical Analysis of Solana (SOL)

Solana (SOL) declined below the 23.6% Fibonacci retracement level of the upward wave from $177 to $205. Currently, SOL is trading below $195 and the 100-hour simple moving average. There is a descending channel forming with resistance at $200 on the hourly chart of the SOL/USD pair. If SOL manages to break above the $205 resistance zone, this could be the start of a steady rise.

On the other hand, the nearest resistance is seen around $198. If SOL is unable to break this resistance, there is a possibility that the price will drop again. Initial support lies in the $192 zone, followed by primary support at $188. A break below this could push SOL towards the $184 support zone.

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Solana (SOL) Price Recovery Potential

If Solana (SOL) manages to break above $205, it could pave the way for further gains. The next key resistance is $220, and further upside might steer the price towards $225. Investors and market analysts are watching closely to see if SOL can maintain its momentum above these critical levels.

Solana’s (SOL) price recovery depends largely on the market’s ability to absorb the selling and turn bearish sentiment into bullish. If this happens, SOL could see a significant recovery from its current position.

Risk of Further Decline

If Solana (SOL) fails to hold support at $192 and continues to fall, it could trigger further declines. A break below $188 could send the price towards $184, and if a close below this occurs, SOL may look for support at $177 in the short term. Technical indicators are currently showing increasing bearish momentum. The hourly MACD for SOL/USD shows acceleration in the bearish zone, and the hourly RSI (Relative Strength Index) is below the 50 level, indicating further bearish strength.

Conclusion

Although Solana (SOL) is facing significant selling pressure, there is potential for recovery if it can maintain critical support and break through existing resistance. Investors should monitor technical indicators and trading volumes to gain further insight into SOL’s future price direction.

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