Will Solana’s Key Support Hold or Will Selling Resume? ​

Ultima Markets presents a detailed analysis of SOLUSD, offering key insights for November 12, 2025.

Is SOL's Daily Chart Pointing to a Deeper Slide?

SOLUSD’s daily chart skews bearish, with the trend turning decisively from bullish to bearish and sellers firmly in control.

Key levels: Immediate support sits near $147–$150 (recent swing low). A clean break below this zone would likely extend the downswing. If that floor gives way, the next downside objective is around $130, aligning with early-August lows.

Is SOLUSD About to Break Lower or Stage a Brief Bounce?

The Stochastic Oscillator has dropped into extreme oversold territory below 20, signalling heavy selling pressure. While oversold conditions can precede a bounce, in a strong trend they more often validate the prevailing downside momentum.

Primary path: bearish continuation. With momentum dominant, the higher-probability outcome is a breakdown that extends the decline toward support at $150.40 (S1), then the critical low at $147.75 (S2). A two-hour close decisively beneath $147.75 would confirm the breach and open scope for a deeper slide.

Alternate path: brief bounce or retest. Given the oversold reading, a short rebound toward the nearby resistance band at $161.00 to $163.00 (R1) is possible. Bearish rejection signals in this zone would offer a high-probability opportunity for sellers to rejoin the trend.

Low-probability path: bullish reversal. For any bullish case to gain traction, the price would first need to reclaim the R1 area. A meaningful shift in the short-term trend would require a sustained break and close above the stronger resistance at $171.60 (R2), which would invalidate the current lower-high structure.

Is This Just a Pause Before the Next Leg Down?

The chart shows a waterfall-style slide from the recent peak above $171, with consecutive long bearish candles and only shallow pauses. This is evidence of aggressive selling and firm downside momentum. After printing a new local low, price is trying to carve out a short-term base.

The higher-probability path is continued downside after a brief pause or modest bounce. A decisive break and close beneath the nearby support around $153 would likely extend the downtrend toward the next psychological and technical floors on higher time frames, roughly in the $150 area.

A second, moderate-probability outcome is brief consolidation or a mild relief rally, given the oversold backdrop. Any uptick would likely stall near the immediate resistance band around $157–$158, forming a bear-flag type structure that often precedes another leg lower.

A stronger corrective rebound is less likely without a clear catalyst. In that case, price could probe the heavier resistance zone near $162–$163.60, which many traders would view as a preferred area to re-establish short exposure on signs of rejection. Only a sustained move above that zone would begin to neutralise the immediate bearish pressure.

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