Solana (SOL) is hard to rebound, and it is difficult to break through the $165 mark

Anatoly 2025-11-8 16:47 82283人围观 SOL

Solana (SOL) is hard to rebound, and it is hard to break through the $165 mark. Solana's stock price started a new round of decline after falling below the key area of $165. SOL price is currently trying to rebound but is facing resistance near $165.

Solana (SOL) struggles to rebound and break through the $165 barrier

Solana shares began a new round of decline after falling below the key $165 area. SOL price is currently trying to rebound but is facing resistance near $165.

SOL price began a new round of decline against the US dollar, falling below $162 and $160.
The price is currently below $162 and the 100 hourly simple moving average.
A new bearish trend line is forming with resistance at $159 on the hourly chart of the SOL/USD pair (Data Source: Kraken).
If there is a break above $160 and $162, the price may continue to rise.

Solana price challenges

Solana price fell below $150 before bulls rebounded, as... Bitcoin and Ethereum SOL tested the $145 area and started a recent rally.

The price broke the $150 and $155 resistance levels. The price climbed above the 23.6% Fibonacci retracement level of the decline from the $188 high to $145 low. However, bears remain active near the $162 to $165 resistance zone.

Additionally, a new downtrend line is forming on the hourly chart of SOL/USD with resistance at $159. Solana is currently trading below $162 and the 100 hourly simple moving average.

On the upside, immediate resistance is near $160, close to the trendline. The next major resistance is near $162. Major resistance is likely to be at $165. A successful close above the $165 resistance zone could set the stage for the next round of solid gains.

The next key resistance is seen at $172, which is the 61.8% Fibonacci retracement level of the decline from the $188 high to $145 low. If the price continues to rise, a further dip towards $180 is possible.

SOL (cruise time) down again?

If SOL fails to break the $160 resistance, the decline is likely to continue. Initial support on the downside is near $150. The first major support level is near $145.

If it breaks below the $145 mark, the price may test towards the $138 support area. If the price closes below the $138 support, the price may fall further towards the $130 area in the short term.

Technical indicators

Hourly MACD – The MACD indicator for SOL/USD is accelerating in bearish territory.

Hourly RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major support levels – $150 and $145.

Major resistance levels – $160 and $165.

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