Solana (SOL) Price Drop: Will Price Support Be Reached Soon? (11/12/25)

Jakarta, Pintu News – Solana (SOL) weakened again after failing to hold above the $142 level, with prices now moving below $140 and potentially testing an important support area around $135.

Solana Price Correction Begins

Solana (SOL) was unable to break the $145 resistance area and subsequently experienced a correction that resembled the moves in Bitcoin (BTC) and Ethereum (ETH). This weakness brought SOL down below $142 and $140, putting it in a short-term bearish trend. The price movement also broke the 50% Fibonacci retracement level of the $131 to $145 upside wave, indicating mounting selling pressure.

Nonetheless, buying activity is still seen around $136. The hourly chart for the SOL/USD pair shows the formation of a bullish trend line with strong support at $135. This level is an important point that could determine the direction of the next price movement.

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Potential Support and Resistance

Solana is currently trading slightly above $135 and remains above the 100-hour simple moving average (SMA). On the upside, initial resistance can be found at $140, which is a crucial point for price recovery attempts. The next strong resistance is at $145, followed by the key level at $148.

If the price manages to break and hold above the $148 resistance, a more stable upside opportunity could emerge. In a bullish scenario, the next resistance level is at $155 before a potential further rise towards $165.

Possibility of Further Decline

On the contrary, failure to break the $142 resistance could extend the bearish pressure. The first support is around $136, close to the 61.8% Fibonacci retracement level of the previous rise. The next major support is $135, which also coincides with a bullish trend line.

If the $135 level is broken convincingly, the price could potentially drop to the $132 area. In a continued bearish scenario, a close below $132 could take SOL towards the next support target of $125 in the short term.

Technical Indicators

• Hourly MACD: The MACD for the SOL/USD pair is consolidating within the bearish zone, suggesting negative momentum is still dominant.
• Hourly RSI: The RSI is below the 50 level, indicating that selling pressure remains strong.

Conclusion

Solana (SOL) is facing a critical phase after failing to break through several important resistance levels. Price movement in the next few hours will likely depend on SOL’s ability to hold the support area at $135. Investors and traders should keep an eye on key technical levels to determine the potential direction of the next move.

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FAQ

What are the main reasons why the Solana (SOL) price dropped?

Solana experienced a correction after failing to break the $145 resistance, following the pattern of weakness that also occurred in Bitcoin (BTC) and Ethereum (ETH).

Where is Solana’s main level of support right now?

Key support is at $135, with additional support around $136 and $132 if selling pressure increases.

What happens if SOL is unable to break the $142 resistance?

If SOL fails to surpass the $142 resistance, the price could weaken again and potentially drop to the $135 area or even to $132.

How do technical indicators reflect SOL market conditions?

The hourly MACD showed increased bearish activity, while the hourly RSI was below 50, signaling the dominance of selling pressure.

What does the Solana correction have to do with other crypto market movements?

The correction in SOL came alongside declines in Bitcoin and Ethereum, reflecting a broader bearish trend in the crypto market.

Reference

• NewsBTC. Solana (SOL) Turns Lower, Key Support Nearby. Accessed on December 10, 2025.