What Do Solana's Technical Indicators Reveal About SOL's Price Trend in 2025?

MACD and RSI indicate bearish momentum with SOL trading below $185

Solana's technical indicators are painting a concerning picture for investors as both MACD and RSI reveal strong bearish momentum. Current data shows SOL trading at approximately $190.87, with consistent pressure pushing prices below the critical $185 support level. The Moving Average Convergence Divergence (MACD) indicator has flipped bearish again, with declining momentum reflected in the bearish candle formations.

The 4-hour chart analysis reveals bulls consistently failing to maintain positions above $185, with the price encountering significant resistance at this threshold. This technical weakness is further confirmed by SOL trading below all key exponential moving averages (20, 50, 100, and 200), a classic indication of sustained downward pressure.

The RSI reading hovering around 34 indicates SOL is approaching oversold conditions, yet the persistent bearish momentum suggests further downside potential before any meaningful reversal might occur. Historical data from August shows Solana previously experienced sharp declines to lows around $156 during similar technical setups, pointing to potential vulnerability should the current bearish pattern continue to develop.

Death cross forming as 50-day MA crosses below 200-day MA

Solana has entered a concerning technical pattern as its 50-day moving average has crossed below the 200-day moving average, forming what traders call a "death cross." This bearish signal has historically indicated potential downward pressure on asset prices. Currently trading at $143.05, SOL has already experienced significant decline from its January 2025 all-time high of $293.31.

The technical situation can be visualized in the following comparison:

Market sentiment has shifted dramatically, with SOL experiencing a 23.05% decline over the past month and nearly 40% over the past year. This pattern emerges amid broader cryptocurrency market turbulence, with Solana's market dominance currently at 2.64%.

Technical analysts caution that while the death cross is a lagging indicator rather than a predictive one, it often confirms a shift from bullish to bearish market dynamics. The formation comes despite strong fundamentals for Solana, including continued development activity and institutional interest through recently launched ETF products. Traders are now watching the $100 support level as the next critical threshold should selling pressure continue to dominate the market action.

Key support at $230 with potential further decline if breached

Solana's price action has established a critical technical support level at $230, which currently represents a significant psychological barrier for traders. Technical analysis indicates this level is functioning as both a structural floor and a pivot point for SOL's future trajectory. Recent price data shows SOL consolidating below $225, with market indicators suggesting mounting selling pressure that could push the asset toward the $218 level if the $230 support fails to hold.

The importance of the $230 level is reflected in recent trading patterns:

On-chain data reveals key holders reducing their perpetual futures positions over the past week, which heightens downside risk. Institutional sentiment remains cautiously optimistic, with 17 treasury firms still holding approximately 3% of total SOL supply, providing potential long-term support despite short-term technical weakness.

Should bulls fail to defend the $230 level conclusively, technical projections point to a retest of lower support zones with increased volatility. For SOL to regain upward momentum, reclaiming the $230 level becomes a prerequisite for challenging the more significant $250 resistance barrier.

FAQ

Does SOL have a supply cap?

No, SOL has no supply cap. It can issue new coins indefinitely based on its network mechanism and developer policies.

What country is SOL from?

SOL is not from any specific country. It's a cryptocurrency created by Solana, a decentralized blockchain platform.

What is Solana chain?

Solana is a high-performance blockchain with SOL as its native token. It supports fast transactions and smart contracts. SOL is used for transaction fees and running nodes.

How much is one SOL?

As of November 20, 2025, one SOL is priced at $140.29. Solana's current market cap is $77.76B USD.