November 17 2025
Solana (SOL) faced heavy selling pressure over the past 24 hours. The price fell 8,1% from $154,48 to a low of $141,75 before recovering and stabilizing around $147,40.
The sharp decline was mainly driven by rising geopolitical tensions and concerns over global trade, which put pressure on risky markets worldwide.
At around 01:20 AM, a mini flash crash occurred, with the price briefly dropping to $144,93 on a trading volume of 24.507. Strong buying interest immediately followed, indicating continued investor confidence despite the heightened volatility.
The price formed a new support zone around $142, with significant buying volumes during the recovery period. In the short term, an ascending trendline is emerging, with resistance around the critical level of $150–$152.
Technical analysis shows that Solana's price is in an uptrend from the recovery point at $142. Volumes during the decline (3,14 million and 3,37 million between 19:00 and 20:00) were strong, but the quick rebound highlights the strength of underlying demand.
The price currently appears to be stabilizing around $147,40, although volume is decreasing slightly — a signal that the market may be preparing for another move towards the resistance zone.
What caused Solana's share price drop?
The decline was prompted by global uncertainty surrounding geopolitics and trade, which led to risk aversion among investors.
What happened during the flash crash?
A brief, sudden drop around 01:20 AM saw the price plummet to $144,93, but a strong buying wave quickly brought about a recovery towards $147.
What is the technical outlook for SOL?
Solana is currently forming a bullish pattern with support around $142 and resistance between $150–$152. The market is waiting for a clear break above that level to confirm the uptrend.
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