Solana worth has rebounded from the $129 low, however is SOL out of the woods?

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  • Solana worth fell to a low of $129 as Bitcoin and Ethereum fell under key ranges.
  • The bulls noticed a slight rebound in SOL above $136.
  • If the bears acquire additional management, the altcoin might fall to the lows of $100.

Solana (SOL) was buying and selling within the crimson, down 3% previously 24 hours.

Nevertheless, the altcoin has proven a tentative restoration, with bulls rallying above $136 after falling to an intraday low of $129.

Costs have fallen 17% over the previous week and are down 26% from SOL’s three-month excessive.

However, buying and selling quantity soared 76% in 24 hours to greater than $9.1 billion, indicating elevated investor exercise.

Amid widespread market turmoil, Bitcoin’s worth fell to $90,000 and Ethereum hit a low of $2,940.

So, does Solana’s rally sign a slowdown in bearish stress, or are the bears regrouping for a brand new assault?

Solana worth – damaging however SOL is over $130

Solana’s sharp drop forward of its modest restoration comes because the cryptocurrency faces additional worth vulnerabilities.

SOL hit a depth of $129 on November seventeenth, its lowest since April 2025.

The sharp selloff worn out current beneficial properties on main exchanges like Binance and Coinbase, as bears widen losses and look poised to revisit ranges seen earlier this 12 months.

A sequence of liquidations has pushed rekt positions throughout the crypto sector to over $1 billion previously 24 hours.

All of those point out a sell-off by bulls that’s locked in damaging territory. Nevertheless, analysts see the opportunity of a rebound.

What’s subsequent for SOL?

The technical image on Solana’s every day chart paints a cautiously optimistic however risky outlook.

SOL worth has been oscillating between considerably bearish construction and bullish divergence indicators.

Notably, Solana’s token is at the moment buying and selling under the main 50-day and 200-day transferring averages.

The bears are displaying management of the downtrend with a possible loss of life cross sample.

Nevertheless, that is solely hinted at on the every day chart and bulls might have an opportunity to override this construction regardless of robust promote indicators on a number of oscillators together with the RSI and MACD indicators.

“SOL has delivered fairly a reversal in comparison with its $BTC pair. And it’s not the one coin,” Daan Crypto Trades mentioned in X.

A stable break above the $130 degree would permit patrons to focus on the $145-$150 demand zone.

Earlier consolidation within the area has helped the bulls transfer in the direction of $160-180.

The token is at the moment consolidating under the 100-hourly SMA at $140 and faces speedy resistance at $136, the place there’s additionally a bearish trendline.

A break above $142 might open the door to a restoration in the direction of $150 and $155.

Nevertheless, if the value fails to clear $140, draw back dangers will resurface, with assist at $130 and $128.

Under $128, SOL might head in the direction of $120 and even $108.

Within the brief time period, a significant assist space in case of one other drop might permit sellers to focus on $100.

Long term, Solana’s outlook stays largely bullish. ETF momentum, community upgrades, and regulatory adjustments all characterize a significant confluence for bulls.

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