Solana May Dip to $140 Amid Bearish Trends and Bitcoin Influence

• SOL broke down from a symmetrical triangle on the daily chart, confirming a downtrend with lower highs and lows.

• On hourly timeframes, the $145-$155 demand zone is being retested amid weak buying pressure.

• Liquidation heatmap data indicates high liquidity at $144 and $140, increasing the chances of a correction before any rebound, with 70% of recent positions showing bearish bias per market analysis.

Solana price analysis reveals a potential dip to $140 amid downtrend signals. Discover key technical indicators and Bitcoin’s influence on SOL’s future in this detailed 2025 breakdown. Stay informed and plan your trades wisely.

What is the current price trend for Solana (SOL)?

Solana (SOL) has entered a clear downtrend after breaking down from a symmetrical triangle pattern on the daily chart, losing the $180 support zone in early November 2025. The price, which hit a weekly high of $171.9, has since suffered a nearly 10% drawdown and is now trading at around $155, with sustained selling pressure evident from declining volume indicators. Despite strengths in stablecoin activity and high monthly revenue, these factors have not yet reversed the bearish momentum.

How are technical indicators influencing Solana’s short-term outlook?

On the daily timeframe, the On-Balance Volume (OBV) indicator has trended downward, confirming that the decline stems from consistent selling rather than short-term liquidity sweeps, as observed in data from TradingView. The Money Flow Index (MFI) remains below 50, underscoring bearish momentum and prevalent seller dominance. This pattern of lower highs and lower lows signals continued pressure unless external catalysts, such as Bitcoin’s performance, intervene. Market analysts from CoinGlass note that Solana’s liquidation heatmap over the past month highlights concentrated liquidity pools at $144 and $140, making these levels probable targets for further downside before stabilization.

Solana [SOL] has suffered a nearly 10% drawdown from the week’s high at $171.9, and was trading at $155 at the time of writing.

Neither its edge in the stablecoin market nor the high monthly revenue Solana generated has been enough to start a long-term uptrend.

Source: SOL/USDT on TradingView

On the 1-day chart, SOL had broken down from the symmetrical triangle pattern and lost control of the $180 support zone in the first week of November. Since then, the price has made a series of lower highs and lower lows, characteristic of a downtrend.

The OBV indicator also trended downward. This indicates that the decline was driven by sustained selling pressure rather than a temporary liquidity hunt.

The MFI agreed with the seller dominance and remained below 50, showing that the momentum was bearish, and selling pressure was prevalent.

Broader market dynamics play a crucial role here. Solana’s correlation with Bitcoin remains strong, with historical data from CoinMetrics showing that SOL often mirrors BTC movements by 80-90% in volatile periods. If Bitcoin maintains support above $98,000, Solana could see a partial recovery; otherwise, the downside risks intensify. Experts from Glassnode emphasize that on-chain metrics, including active addresses and transaction volumes, have stabilized but not surged, reflecting cautious network usage amid price uncertainty.

The lower timeframes signaled a potential dip to $140 for SOL

Source: SOL/USDT on TradingView

On the 1-hour chart, the $145-$155 demand zone has been important since the 4th of November. At the time of writing, the same support zone was being retested.

With Bitcoin [BTC] also hovering at the $102k mark at the time of writing, it was likely that this demand zone would be lost if the wider market experienced another sell-off.

The technical indicators did not promise a bullish reversal. The OBV continued to decline, showing weak buying pressure even when the price bounced. The MFI was below 20, indicating oversold conditions.

Source: CoinGlass

The 1-month look-back period heatmap showed that a deeper price correction was highly likely. The $144 and $140 were key magnetic zones and relatively close to the price.

They would likely drag SOL prices lower before a bounce can occur. Overall, the short-term Solana price prediction is bearish.

A dip to $140 is likely in the coming days, and with liquidity extending to $120, traders should brace for continued bearish pressure.

From a network perspective, Solana’s fundamentals remain robust. According to data from Messari, the blockchain processed over 1.2 billion transactions in November 2025 alone, driven by its high throughput and low fees. However, investor sentiment, as tracked by Santiment, has shifted neutral to bearish, with social volume declining 15% week-over-week. This aligns with the price action, where whale accumulation has slowed, per insights from CryptoQuant. “Solana’s resilience in DeFi and NFTs positions it well for recovery, but macroeconomic factors tied to Bitcoin will dictate the near-term path,” notes a blockchain analyst from Dune Analytics.

Frequently Asked Questions

Will Solana bulls defend the $150 psychological support level amid the 2025 downtrend?

Bulls have held the $150 level steady over the past week, preventing deeper losses from the $155 current price. However, with OBV declining and MFI in oversold territory below 20, sustaining this defense requires Bitcoin to stabilize above $100,000; otherwise, a breach could accelerate the dip to $140.

What happens to Solana price if Bitcoin drops below $98,000?

If Bitcoin falls below $98,000, Solana could see amplified downside due to their 85% correlation, potentially testing $140 support quickly. On-chain data from TradingView shows historical parallels where SOL followed BTC corrections by 1.5 times the percentage drop, but oversold conditions might limit the fall to 8-10% from current levels.

Key Takeaways

• SOL’s downtrend confirmation: Breakdown from symmetrical triangle and $180 support on daily charts indicates sustained bearish pressure, with OBV confirming selling volume.
• Short-term dip likelihood: Hourly charts show retest of $145-$155 zone, with liquidation data from CoinGlass pointing to $140 as a magnetic level amid weak momentum.
• Bitcoin dependency: SOL’s recovery hinges on BTC holding $98k-$100k; monitor for potential bounce, but prepare for volatility with liquidity pools down to $120.

Conclusion

In summary, Solana price analysis for late 2025 highlights a bearish short-term outlook, with technical indicators like OBV and MFI signaling a probable dip to $140 from the current $155 level, influenced heavily by Bitcoin’s trajectory. While Solana’s strong fundamentals in stablecoins and revenue generation offer long-term promise, traders should remain vigilant for support breaks. As market conditions evolve, staying updated on these dynamics will be key to navigating Solana’s next moves effectively—consider monitoring on-chain metrics for early reversal signals.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.