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Solana (SOL) is under pressure after sharp declines erased recent gains. The token’s struggle to hold support comes amid looming token unlocks and rising whale activity. Can buyers defend key levels before sentiment worsens further?
SOL Key Statistics
- Current Price: $175
- Market Cap: $97 billion
- Trading Volume (24h): $6 billion
- Circulating Supply: 552 million SOL
- Total Supply: 613 million SOL
- CoinMarketCap Ranking: #6
SOL has fallen 25.71% and 14.09% from its highest prices over the last 30 and 7 days, respectively. In contrast, it trades only 1.87% above its monthly low and 1.69% below its weekly low, signaling limited recovery momentum.
SOL/USD Market
Key Levels
- Resistance: $180, $200, $210
- Support: $158, $140, $120
The SOL/USD daily chart marks a 6.41% drop to $175.64 as of November 3, 2025 (11:54 UTC), now sitting below the Parabolic SAR (0.02, 0.02, 0.2) after a clean break of the $180 shelf. The MACD (12,26,close) stays negative with histogram at -5.67 and lines drifting lower, painting a clear picture of fading strength. Price has carved a sharp lower high under $190 and sliced through the October uptrend, while the SAR dots hover above like a quiet storm. Resistance levels stand at $180 (flipped support), $200 (recent swing peak), and $210 (round-number gate). Support levels rest at $158 (August pullback zone), $140 (next measured target), and $120 (deep correction floor).
If SOL fails to reclaim $175.64 on solid volume while the broader market stays red, a fast slide to $158 hits this week; a daily close below that opens $140 as the next clear stop. Yet, a sudden green surge above $175.64 with rising bars—maybe on Solana ecosystem buzz—could stall the fall and test $180 for relief. The bias stays bearish under $180, but a MACD line crossover above the signal would light the first spark of hope.
SOL/BTC Performance Overview
The SOL/BTC trading pair has maintained a volatile yet predominantly bullish trend over the past four months, rising from a July low of around 0.014 to a peak of 0.02155 in late September before retracing over 24% to close at 0.0162822 as of November 3, 2025. This marks a 4.12% daily decline amid intensified selling pressure. Candlestick patterns reveal a temporary pullback with the price currently hovering just above the Parabolic SAR at 0.016, hinting at short-term support but raising the risk of a breakdown if breached. Despite the retreat, the upward-sloping trendline from July continues to signal underlying strength. The MACD (12,26) shows a bullish crossover, with the line at 0.000001 slightly above the signal at 0.0000009, and narrowing positive histogram bars pointing to a potential recovery in momentum, although caution persists around the 0.014 level amid Bitcoin’s prevailing dominance.
Meanwhile, on X, CryptoBusy—a respected market analyst with over 180,000 followers—highlighted that the Solana-based ETF ($BSOL) has surpassed BlackRock’s $IBIT to become the top-performing crypto ETF in the U.S. by weekly inflows. With $417 million in new capital, $BSOL now ranks 16th among all U.S. ETFs, underscoring growing institutional interest and confidence in Solana’s ecosystem. This milestone not only reinforces Solana’s emerging position in the institutional investment landscape but also aligns with the broader technical signals suggesting the asset’s resilience and expanding momentum in the current market cycle.
🚨$BSOL just dethroned BlackRock’s $IBIT as the top crypto ETF in the US by weekly inflows
Solana’s ETF saw $417M in new flows, leading all crypto ETPs and ranking 16th overall among US ETFs.
A major milestone showing real institutional momentum behind the Solana ecosystem. pic.twitter.com/3CXtx5OuFa
— CryptoBusy (@CryptoBusy) November 3, 2025
Solana Faces Unlock Pressure and Whale Sell-Offs – Can Bulls Regain Control?
Solana (SOL) has come under heavy pressure, sliding 5.8% in 24 hours—underperforming Bitcoin and Ethereum—as fears over upcoming token unlocks and whale profit-taking weigh on sentiment. If the $312 million worth of altcoin unlocks scheduled between November 3–10 include daily SOL releases exceeding $1 million, additional sell-side pressure could follow. This event coincides with weak market sentiment, with the Altcoin Season Index at a multi-month low of 25, implying limited investor appetite for risk assets. Should the SEC delay Invesco’s SOL ETF fee disclosure beyond November 7, the uncertainty could amplify the bearish tone.
However, if approval proceeds smoothly, it could renew confidence in Solana’s institutional outlook, potentially offsetting some of the token unlock impact. Meanwhile, whale movements add another layer of volatility. Galaxy Digital reportedly unstaked 224,000 SOL (around $41 million) and transferred the tokens to major exchanges alongside similar moves by other large holders—typically a precursor to selling.
Solana (SOL) Price – More Technical and Fundamental Insights
If these inflows persist, SOL’s exchange reserves could rise further, deepening near-term downside risks, especially after the token’s break below the $180 support and 200-day EMA. Yet, with the Money Flow Index dipping into oversold territory and ETF inflows totaling nearly $200 million last week, Solana may find footing near $158-$172 if buyers step back in. Could this correction represent a healthy reset before Solana’s next leg up—or the start of a deeper slide in the weeks ahead?
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