Nov 18, 2025
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Solana Price Drops Below $140 Amid Continued Bearish Trend
Solana (SOL) is experiencing a price decline, moving below key support levels of $145 and $140 against the US Dollar.
- SOL is trading under $140 and the 100-hourly simple moving average.
- A bearish trend line with resistance at $136 is forming on the SOL/USD pair chart.
- Price recovery could occur if bulls defend the $130 or $128 support levels.
Recent Price Movements
The SOL price dropped below $150 and $140, following similar patterns as Bitcoin and Ethereum. It reached a low of $128, then slightly recovered above the 23.6% Fib retracement level from the $143 high to the $128 low.
Immediate resistance is at $136, with major resistance around $140. A successful close above $142 could lead to further increases toward $150 and potentially $155.
Potential for Further Decline
If SOL cannot surpass the $140 resistance, it may continue declining. Key support exists at $130 and $128. A break below $128 might push the price to the $120 zone. A drop past $120 could bring the price to $108.
Technical Indicators:
- Hourly MACD: Increasing in the bearish zone.
- Hourly RSI: Below 50, indicating weaker momentum.
- Support Levels: $130 and $128.
- Resistance Levels: $136 and $140.