Cryptocurrency Market Analysis: Solana (SOL) Latest Trends

Article Published on 2025.11.17—00:30

The current price of Solana is 138. The analysis indicates a clear downtrend for Solana (SOL), with technical indicators showing an increase in bearish momentum. The MA/EMA indicators have formed a death cross, and the price remains below both short-term and long-term moving averages, indicating strong downward pressure. However, it has been noted that the price is approaching a strong support level at 135.7, which is a previous low and holds significant technical importance.

The analysis reveals a continuous decline on the daily chart, forming multiple bearish candles. In the 2-hour timeframe, the price has retraced from a high of 143 to the current level of 137, indicating short-term low-level fluctuations. The MACD on the 2-hour chart shows a weakening of bearish strength but has not yet turned bullish. The EMA on the 2-hour chart indicates a bearish short-term trend. The recommendation is to maintain a short position at high levels and continue holding.

Today's Latest Reference Points

Long Entry: 135, Add: 132, Stop: 130, Target: 140

Short Entry: 140, Add: 143, Stop: 145, Target: 135

The above analysis is based on market data and trend analysis and does not constitute investment advice. It is provided for reference. It is hoped that it can assist others with dreams to find their place in this volatile market and embark on their own successful journey.

The content of this article is time-sensitive and for reference only; risks are to be borne by the reader.

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