Solana: Technical Analysis and Consolidation Outlook — October 17, 2025

Solana is experiencing a marked correction phase after the break of a key support, in a market context dominated by Bitcoin’s decline. Discover the technical outlook for the future evolution of SOL. 

Technical analysis of Solana (SOL)

The spot price of Solana is trading around $194, marking a weekly decline of about 14%. This fall follows Bitcoin, triggering a widespread pullback in the crypto market. However, spot volumes rose by +47% to $14.8 billion, showing increased trading and renewed activity during the correction phase.

In the long term, the 200 SMA confirms a bullish dynamic, with the market maintaining an underlying upward structure. In the medium term, the 50 SMA stabilizes, suggesting a waiting phase between buyers and sellers. Conversely, the 20 SMA turns bearish, marking a loss of momentum. Oscillators confirm this reversal with downward momentum, signaling a weakening of buying pressure.

Technical levels Solana (SOL)

The market now trades below major resistance levels at $237, $253, and then $295 (ATH), zones likely to act as distribution thresholds in case of limited recovery. On the downside, key supports stand at $170, $156, and then $126, representing potential accumulation zones where a rebound could begin. The daily break of the $190 support confirms a short-term structural weakening. The monthly pivot point at $217 remains above the current price, validating a negative technical bias. The volume profile shows a high-value area at $237 and a low-value area at $244, framing an equilibrium zone whose break could trigger a new episode of volatility.

The current technical analysis was carried out in collaboration with Elyfe, investor and popularizer in the cryptocurrency market.

Derivatives analysis (SOL/USDT)

Derivative indicators reinforce the idea of a retreating market. Open interest is decreasing, signaling a disengagement of speculative positions. The CVD highlights selling dominance, illustrating capital flows mainly oriented to selling. Massive liquidations recorded on long positions confirm a leverage purge after the recent pullback. The funding rate, neutral again after a brief negative phase, reflects a market rebalancing without excessive pressure on either side.

The selling liquidation zone, between $230 and $250, appears as a critical threshold: a break above could strengthen bullish momentum due to squeeze effect but also serve as a distribution zone if the market remains fragile.

Conversely, the buying liquidation zone, located between $190 and $174, remains vulnerable: a break below these levels could accelerate the decline while representing an interest point for strategic accumulation.

Forecasts for Solana price (SOL)

Bullish scenario:

• Conditions: Maintain above support at $170.
• Targets: $210 / $237 / $253 then $295 (ATH).
• Potential: Around +52% from the current level.
  

Bearish scenario:

• Conditions: Break of support at $170.
• Targets: $156 / $126 / $95.
• Potential: Approximately –51% from the current level.

Conclusion

Solana enters a consolidation phase after a marked correction. The underlying structure remains bullish, but short-term dynamics weaken, supported by visible disengagement in derivatives markets. The $170 threshold now stands as a critical pivot for the trend’s future.

In this context, it will be essential to closely monitor price reaction at strategic levels to confirm or adjust current forecasts. Finally, remember that these analyses are based solely on technical criteria, and cryptocurrency prices can evolve rapidly due to other more fundamental factors.

Did you find this study interesting? Find our latest Bitcoin analysis.