After October closed with a bearish candle, sellers took control of the market. In the past 24 hours, Solana (SOL) price fell from $188 to $175, losing its strong base in October.
At the same time, Bitcoin (BTC) also fell below $107,500, missing key support at $108,000. Declining trading volume and declining bullish momentum have made traders cautious.
Now, with the loss of the $180 level and continued selling pressure, Solana may return to the $165 support area, a level that has acted as a strong retracement level in the past and could halt the downtrend and provide an opportunity to grow back to $200.
Currently, the charts are showing a lower high structure, which is a sign of increasing bearish pressure. If Solana fails to regain the $200 resistance, the downtrend may continue and the price may fall to the $100–$130 range by early 2026.
Although the short-term trend for SOL is bearish, the long-term fundamentals still hold out hope for a rebound. Meanwhile, Bitcoin’s recovery above $110,000 could also be a bullish trigger for Solana.
