Solana price flashes bearish: Is a deeper drop coming?

Published at 2025-11-13 20:20:37

SOL has produced a bearish engulfing candle at the $167 resistance level, a classic price-action signal that sellers recently overwhelmed buyers. That pattern suggests momentum is turning against bulls and increases the probability of a corrective move if follow‑through selling appears on the next sessions. Confirmation will be important: a decisive close back above $167 would negate the signal, while continued weakness could open the door to lower support levels.

For traders and holders this matters because a failure to reclaim resistance can accelerate short-term selling and influence broader market sentiment around SOL. Risk-conscious participants should wait for clear confirmation—either a reclaim and clean close above $167 or a sustained break below nearby support—before adjusting size or leverage. Monitoring volume, orderbook behavior, and on-chain flows can help distinguish a genuine breakdown from a false signal.

Share on:

Related news

Harvard Trims Bitcoin, Increases Ether — Experts Call Move Constructive for Crypto

Harvard's endowment cut Bitcoin exposure while adding Ether, a shift experts say reflects volatility and private equity cash needs rather than a bearish verdict on crypto. Analysts see the change as a constructive sign for ETH and broader institutional engagement.

Bitcoin, Ethereum ETFs End 5-Week Slide as Crypto Funds Add $1B

Bitcoin and Ethereum ETFs snapped a five-week losing streak as crypto funds attracted about $1 billion in net inflows last week, offering a tentative lift to prices. Markets are watching whether this marks the start of sustained recovery or a short-lived reprieve.

Published at 2026-03-02 16:45:22
JPMorgan Sees US CLARITY Act Passing by Mid‑2026, Signaling Major Crypto Shift

JPMorgan analysts expect the CLARITY Act to be approved by mid-2026, a development that could finally deliver long-awaited regulatory clarity for US crypto markets. The move may accelerate institutional participation and reshape rules around custody, tokens, and exchanges.

Warsaw Stock Exchange Approves BTC, ETH, SOL & XRP ETP Listings

Poland’s Warsaw Stock Exchange has approved four exchange-traded products tied to BTC, ETH, SOL and XRP, moving ahead despite stalled national crypto legislation. The listings could expand regulated retail access and attract institutional flows in Eastern Europe.

Published at 2026-02-28 10:45:11
SoFi Becomes First U.S. National Bank to Take Deposits on Solana

SoFi now allows true on-chain Solana (SOL) deposits for its 13.7 million customers under a federal bank charter, supporting direct wallet transfers rather than brokerage-style exposure. The move marks a first for a U.S. national bank and integrates native crypto rails under full federal oversight.

Published at 2026-02-28 00:15:17