Solana Slips Below $165 as Technical Support Fails – 11/11/2025
Solana (SOL) fell below the key $165 support level Tuesday, weighed down by selling pressure amid mixed signals across broader crypto markets.
According to CoinDesk Research’s technical model, SOL dropped 3.1%, sliding from $169.54 to $164.30 and forming a defined downtrend with repeated rejections above $170. Trading volume surged 58% above the daily average, particularly during Asian sessions, as the token tested the $163.85 support zone. The intraday range of $8.06 reflected heightened volatility near 5%.
SOL underperformed the broader market, losing 1.42% relative to the CoinDesk 5 Index (CD5). Intraday price swings included a brief spike from $164.07 to $164.97 that quickly reversed to $163.46, underscoring fragile bullish momentum in the near-term downtrend.
Technical Overview
The breakdown occurred amid profit-taking and momentum-driven selling, without clear fundamental catalysts. Institutional flows were mixed, with overnight accumulation offset by daytime distribution. Key support now sits at $163.50, while resistance remains near $170.50. Lower highs at $170.48 and $171.92 reinforce the bearish structure, and heavy volume confirms selling dominance.
Outlook
Bulls will watch $163.50 closely. A breach could open the way toward the $160 psychological level, while recovery above $170 would be needed to stabilize sentiment.
CD5 Index Recap
The CoinDesk 5 Index fell 1.63% to $1,821.19, trading within a $52.78 intraday range, with institutional buying providing some support near $1,817.
