NewsBTC
4 November 2025
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Solana Price Drops Below $175 Amidst Continued Bearish Trend

Solana Market Update:

  • Solana (SOL) price has declined below $180 and is now under $175, trading beneath the 100-hourly simple moving average.
  • A bearish trend line with resistance at $191 is forming on the hourly SOL/USD chart.
  • The price could see a recovery if support holds at $165 or $162.

Price Movement

SOL experienced a drop after failing to maintain stability above $185. The decline continued below key support levels of $182 and $180, reaching a low of $163.

Currently, SOL consolidates losses with resistance near $170 and further major resistance at $175. Key resistance could be $182, with potential gains pushing the price toward $200.

Solana Price

Potential Decline

If SOL does not break above $175, it may continue declining, with initial support at $165 and major support around $162. A break below $162 could lead to a decline towards $154 or even $150.

Technical Indicators

  • Hourly MACD: Increasing in the bearish zone.
  • Hourly RSI: Below 50.
  • Major Support Levels: $165, $162.
  • Major Resistance Levels: $175, $182.