Solana (SOL) is in danger of a major correction, is this the end of its rise? (5/11/25)

Jakarta, Pintu News – Solana (SOL) recently experienced a significant drop of 8% and lost the key support it has maintained over the past few months. This drop marks a new local low for the cryptocurrency, which was previously in the $175-$250 range. This loss of support sparked fears of a potential major correction that may occur if Solana (SOL) is unable to recover its position soon.

Losing Key Support

Solana (SOL) has experienced a fairly sharp decline, hitting a new low of $165 after failing to maintain support at the lower boundary of its range over the past three months. This drop comes at a time when market volatility has also dragged Bitcoin (BTC) back to $107,000.

Analyst Ali Martinez emphasized that Solana (SOL) should reclaim the $200 price soon to show its strength and potentially target the top of its previous price range. Solana (SOL) has tried several times to break back the psychological barrier of $200 but always failed.

This price drop indicates that there is a possibility of further correction if the cryptocurrency is unable to maintain support at current price levels.

Also Read: 5 Reasons Why Analysts Think November Could Be the Most Bullish Month for XRP (XRP)

Potential Correction 30%

If Solana (SOL) is unable to recover support at $180 soon, analysts predict that the cryptocurrency could see a drop of up to 30% to $115. The next support level is at $158, which is the middle zone of the macro range and has served as an important support and resistance level during the beginning of the third quarter and the November price surge last year.

However, if the cryptocurrency fails to bounce off current levels, the risk of a further decline becomes very likely. This suggests that investors and Solana (SOL) holders need to be alert to the possibility of unfavorable price movements in the near future.

Long-term Optimism

Despite short-term concerns, some analysts and investors are still optimistic about the long-term performance of Solana (SOL). Trader Elite Crypto stated that the recent price drawdown looks like a healthy correction after a long period of gains. He added that Solana (SOL) still maintains an ascending support zone that has been a key bounce point since 2023.

Bitwise CEO Hunter Horsley also showed optimism by launching an ETF focused on Solana (SOL), which has recorded inflows of $400 million in its first four days of trading. This shows that ETF investors tend to be long-term oriented, which could mean strong support for Solana’s (SOL) future performance.

Conclusion

Despite facing short-term challenges, Solana (SOL) still has the potential for recovery and strong performance in the future. Investors and market watchers should pay attention to key support levels in anticipation of further price movements. With the right support and stable market sentiment, Solana (SOL) may be able to return to an upward path.

Also Read: Can You Live Only on Crypto? Here are 3 Sources of Income & Challenges You Need to Know About

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Reference

• NewsBTC. Solana Loses Key Support, Risks Major Correction. Accessed on November 5, 2025