NewsBTC
Nov 7, 2025
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Solana Faces Resistance at $165 Amid Attempted Price Recovery

Solana Price Analysis

  • Solana (SOL) price has declined below $162 and $160 against the US Dollar.
  • The current trading is below $162 and the 100-hour simple moving average.
  • A new bearish trend line with resistance at $159 is forming on the hourly chart.
  • Potential upward movement if SOL clears $160 and $162 resistance levels.

Resistance and Support Levels

  • Immediate resistance lies near $160, with further resistance at $162 and $165.
  • A close above $165 could lead to a steady increase towards $172 and potentially $180.
  • On the downside, initial support is at $150, with significant support at $145.
  • A break below $145 might push the price towards $138, and possibly $130.

Solana Price

Technical Indicators

  • Hourly MACD indicates increasing bearish momentum.
  • Hourly RSI is below the 50 level, suggesting weakness.