Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Solana shows early signs of bounce: $131 support holds line

Solana shows early signs of bounce: $131 support holds line

Crypto.NewsCrypto.News2025/11/23 16:00
By:By Aziz ZamaniEdited by Anthony Patrick

Solana price is flashing a daily bullish divergence while holding key support at $131, suggesting early signs of strength and the possibility of a short-term reversal toward higher resistance levels.

Summary
  • Momentum shift emerges as Solana steadies at a long-tested support zone
  • Market behavior reflects early accumulation after extended sell pressure
  • Divergence hints that downside exhaustion may be forming beneath recent lows

Solana’s ( SOL ) latest price action is showing encouraging signals after an extended period of downside pressure. A clear bullish divergence has formed on the daily chart, hinting that momentum may be shifting back toward buyers.

With price holding a major support level and several indicators showing alignment, and with Wormhole’s new Sunrise DeFi platform launching on Solana and debuting Monad’s MON as its first listing, the current structure suggests that Solana may be preparing for a relief move.

Solana price key technical points

  • Daily bullish divergence forming between price and RSI
  • Major support at $131 continues to act as a reaction zone
  • Key resistance lies at the value area low and later at $167
Solana shows early signs of bounce: $131 support holds line image 0 SOLUSDT (1D) Chart, Source: TradingView

Solana is currently printing one of the most reliable early-reversal signals in technical analysis: a bullish divergence on the daily time frame. While price has recently formed a lower low, the RSI has created a higher low. This separation between momentum and price often suggests that sellers are losing strength even as price continues drifting downward.

Solana shows early signs of bounce: $131 support holds line image 1 Solana RSI, Source: TradingView

The $131 region has become a focal point in recent sessions. This area has held as support multiple times, with price hovering above it for several days. Such behavior typically indicates the market is entering an accumulation phase where buyers absorb selling pressure before attempting a shift in direction.

If this support continues to hold, the next key level to watch is the value area low. Reclaiming this region would signal that buying pressure is returning, and that Solana may be preparing for a rotation toward the next significant resistance at $167. This level aligns with high-time-frame resistance and has historically acted as a significant decision point for trend continuation or rejection. 

With new Solana ETFs from Grayscale and VanEck launching amid rising volatility, market flows may also help shape how the price reacts at this key level.

Price action and momentum indicators are now converging, suggesting a short-term reversal is becoming more likely. Bullish divergences often appear at the end of aggressive sell-offs, and Solana’s recent behavior fits this pattern. While confirmation is still pending, early signals suggest a potential shift in market sentiment.

Price action

If Solana maintains support at $131 and activates the bullish divergence, a move toward $167 may follow. A loss of support would delay the reversal and return the asset to a bearish continuation phase.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Privacy Altcoins Surge While Crypto Markets Decline

In Brief Cryptocurrency markets faced a major downturn in recent weeks. Privacy altcoins like Zcash rise amidst stricter regulation concerns. Upcoming regulations pose liquidity risks for privacy-focused cryptocurrencies.

Cointurk2025/11/27 23:33
Privacy Altcoins Surge While Crypto Markets Decline

Solana News Today: Institutions Remain Confident in Solana Amid Security Concerns and Volatile Prices

- Solana's on-chain trading volume now exceeds centralized exchanges, driven by $510M in ETF inflows and institutional adoption of DeFi protocols. - Price volatility and security breaches, including Upbit's $36.8M Solana-based theft, highlight risks despite $3B+ in corporate treasury holdings. - Institutional capital continues to flow into Solana's ecosystem, with DWF Labs committing $75M to scalable DeFi infrastructure amid TVL recovery to $120B. - Forward Industries reports $668M unrealized losses as Sol

Bitget-RWA2025/11/27 23:32
Solana News Today: Institutions Remain Confident in Solana Amid Security Concerns and Volatile Prices

XRP News Today: XRP ETFs See Rapid Growth, Price Remains Flat—Will Increased Inflows Overcome Technical Barriers?

- XRP ETFs saw $164M inflows on Nov. 24, 2025, with Grayscale and Franklin Templeton launching new products amid rising institutional interest. - Price rebounded to $2.20 but remains range-bound below key technical levels, forming descending patterns despite ETF-driven liquidity gains. - Ripple's RLUSD stablecoin surged 56% in 30-day volume to $3.5B, now third-largest GENIUS Act-compliant stablecoin after USDC and PYUSD. - Analysts predict $5.05 by 2025 and $26.50 by 2030, but XRP's 16.95% drop from 30-day

Bitget-RWA2025/11/27 23:32
XRP News Today: XRP ETFs See Rapid Growth, Price Remains Flat—Will Increased Inflows Overcome Technical Barriers?

SEC Considers Blockchain Stock Advancements as Concerns Over Conventional Market Stability Persist

- SEC plans to discuss tokenized stock regulations with major firms like Coinbase and BlackRock , aiming to modernize securities rules for blockchain-based finance. - Proposed "innovation exemption" seeks to fast-track crypto products but risks destabilizing traditional markets by creating valuation gaps and eroding investor protections. - WFE warns tokenized shares could disrupt market structure, while Nasdaq proposes unified order books with shared CUSIP identifiers to align with existing systems. - Regu

Bitget-RWA2025/11/27 23:32
SEC Considers Blockchain Stock Advancements as Concerns Over Conventional Market Stability Persist