Solana Technical Analysis Report 18 November, 2025
Given the strength of the support level 129.30, improving sentiment across the crypto markets and the oversold daily Stochastic, Solana cryptocurrency be expected to rise to the next resistance level 160.00.
- Solana reversed from support area
- Likely to rise to resistance level 160.00
Solana cryptocurrency recently reversed from the support area between the strong multi-month support level 129.30 (former multi-month low from June, as can be viewn from the Solana chart below), support trendline of the daily down channel from October and the lower daily Bollinger Band. The upward reversal from the support level 129.30 created the daily Japanese candlesticks reversal pattern Bullish engulfing –which stopped the earlier short-term impulse wave C of the medium-term ABC correction (2) from the middle of September.
Given the strength of the support level 129.30, improving sentiment across the crypto markets and the oversold daily Stochastic, Solana cryptocurrency be expected to rise to the next resistance level 160.00.
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