Solana ($SOL) Crypto Forecast: Down 5.5% Today

What is Solana?

Solana (SOL) is a popular cryptocurrency token known for its fast and scalable blockchain network. The broader cryptocurrency market has been experiencing volatility recently.

Why is Solana going down?

SOL crypto is down 5.5% on Nov 6, 2025 23:20

• SOL recorded major losses today amidst a sell-off wave in the broader cryptocurrency market, triggered by significant liquidations.
• Despite retail demand resurfacing and institutional interest remaining steady, SOL faced a bearish movement, possibly due to profit-taking and market correction.
• The risk of further losses looms as SOL struggles near key support levels, with derivatives data indicating a bearish sentiment among traders.
• The market movement could also be influenced by the overall sentiment towards cryptocurrencies and external factors impacting the digital asset space.

SOL Price Chart

SOL Technical Analysis

SOL News

Solana Price Forecast: SOL rebounds as retail demand resurfaces, ETFs hold steady

Solana (SOL) trades above $160 at press time on Wednesday, holding steady after 4% rise on the previous day, underpinned by the broader market recovery. Corroborating with steady institutional demand, the retail demand is resurfacing, suggesting further gains for Solana.

https://www.fxstreet.com/cryptocurrencies/news/solana-price-forecast-sol-rebounds-as-retail-demand-resurfaces-etfs-hold-steady-202511060451

XRP, BNB, and SOL record major losses as Bitcoin slides to $107,000

Ripple (XRP), BNB (previously known as Binance Coin), and Solana (SOL) are trading in the red on Tuesday as the broader cryptocurrency market suffers a sell-off wave that has triggered $1 billion in liquidations over the last 24 hours.

https://www.fxstreet.com/cryptocurrencies/news/xrp-bnb-and-sol-record-major-losses-as-bitcoin-slides-to-107-000-202511040546

Solana Price Forecast: SOL risks further losses as key support wobbles, retail demand wanes

Solana (SOL) price is down over 6% at press time on Monday, pressuring the $174-$177 support zone after reversing from the 200-day Exponential Moving Average (EMA). The derivatives data suggest a bearish incline among traders anticipating further losses.

https://www.fxstreet.com/cryptocurrencies/news/solana-price-forecast-sol-risks-further-losses-as-key-support-wobbles-retail-demand-wanes-202511031124

Solana offers 'two ways to win' in a single bet, with tokenization market expected to blow up: Bitwise

Solana, like Bitcoin, offers investors dual opportunities in a single bet if either — or both — the stablecoin and tokenization infrastructure markets grow and it captures a large share of those markets, according to Bitwise CIO Matt Hougan in a note on Wednesday.

https://www.fxstreet.com/cryptocurrencies/news/solana-offers-two-ways-to-win-in-a-single-bet-with-tokenization-market-expected-to-blow-up-bitwise-202510302338

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Solana Price History

20.09.2025 - SOL Crypto was up 5.3%

• SOL had a notable bullish run today, surpassing $192 and aiming for the $200 mark, reflecting positive sentiment in the broader cryptocurrency space.
• The announcement of Solana's integration on Uniswap caused a drop in SOL and UNI prices, demonstrating that market shifts can be influenced by factors beyond partnerships.
• Despite facing double-digit losses along with other leading altcoins, SOL managed to extend its recovery, showcasing its resilience during market fluctuations.
• A significant purchase of SOL by DeFi Development Corporation did not prevent a decline in its price, emphasizing the intricate relationship between market dynamics and individual token performance.

21.09.2025 - SOL Crypto was up 5.3%

• Despite concerns about low user engagement and falling retail demand, Solana (SOL) experienced a strong bullish movement, trading above $192, as trading volume surged, indicating renewed investor interest.
• The integration of Solana on Uniswap was not enough to prevent a slight slide in SOL's price, suggesting that market factors beyond partnerships may have influenced the movement.
• While other top altcoins like BNB and Cardano recorded double-digit losses amid a surge in market liquidations, Solana (SOL) stood out with its bullish movement, showcasing resilience in the face of market volatility.
• The news of DeFi Development Corporation's significant purchase of SOL did not immediately boost the token's price, as it declined slightly, indicating that market sentiment and broader industry trends played a more significant role in today's bullish movement.

30.09.2025 - SOL Crypto was down 5.1%

• Despite recent positive developments like partnerships with Western Union and the introduction of Solana ETFs, SOL saw a decrease in value today.
• The rise in a Solana-linked stock, Solmate Infrastructure (SLMT), might have shifted some attention and investment away from SOL.
• The news of a Bitcoin and Ethereum whale increasing their positions could have influenced market sentiment towards these more established cryptocurrencies, leading to a decrease in SOL.
• Expectations of resistance levels and the launch of Solana ETFs might have contributed to a scenario of selling after the news, impacting SOL's value negatively.

03.10.2025 - SOL Crypto was down 5.1%

• SOL's price has dropped by over 6% as it tests a crucial support level, showing bearish behavior among traders.
• Despite growth potential in the tokenization market, SOL encountered selling pressure that led to additional declines.
• Partnership with Western Union and the introduction of Solana ETFs were insufficient to counteract the negative sentiment surrounding SOL today.
• Despite bullish activity from a Bitcoin and Ethereum whale, SOL was unaffected, with the market remaining bearish overall, likely due to profit-taking and lower retail demand.

31.09.2025 - SOL Crypto was down 5.3%

• Despite positive news about partnerships and ETF launches, Solana experienced a bearish movement today.
• The bullish sentiment surrounding Solana's potential in the tokenization market may not have been enough to offset broader market trends impacting cryptocurrencies.
• The announcement of the Bitwise Solana Staking ETF launch could have led to a "buy the rumor, sell the news" scenario, contributing to the bearish movement.
• It's possible that profit-taking by investors who had seen significant gains in SOL prior to the ETF launch also played a role in today's bearish movement.

27.09.2025 - SOL Crypto was up 5.2%

• SOL experienced a strong bullish movement today, likely driven by positive updates and developments within the Solana ecosystem.
• The surge in Solmate Infrastructure (SLMT) shares could have contributed to the bullish sentiment surrounding SOL, as the company shared updates related to data centers, mergers, acquisitions, and financing strategies.
• Despite some concerns about low user engagement and falling retail demand, SOL managed to extend its recovery and gain 6%, showcasing resilience in the face of market challenges.
• The outlined plans for Solmate's treasury may have also played a role in boosting investor confidence in SOL, leading to the positive price movement.

27.09.2025 - SOL Crypto was up 5.9%

• SOL experienced a strong bullish movement today, with its price surging.
• The bullish trend can be attributed to positive updates from Solmate Infrastructure (NASDAQ: SLMT), a company linked to Solana, regarding new data centers, mergers, acquisitions, and financing strategies.
• On-chain data and institutional adoption have fueled optimism, with SOL bulls eyeing a price target of $230.
• Despite some concerns about low user engagement and falling retail demand, SOL managed to extend its recovery, trading above $192, showcasing resilience in the face of market challenges.

04.10.2025 - SOL Crypto was down 9.5%

• SOL, along with XRP and BNB, faced major losses as Bitcoin's decline to $107,000 triggered a broader sell-off wave in the cryptocurrency market.
• The bearish movement was further fueled by SOL's price dropping over 6% and pressuring key support levels, indicating a lack of retail demand and bearish sentiment among traders.
• Despite the potential for growth in the tokenization market, SOL's price was negatively impacted by the overall market sentiment and lack of strong support levels.
• The partnership with Western Union and the launch of USDPT on Solana, while positive news, was not enough to offset the bearish trend driven by broader market conditions and lackluster retail demand for SOL.

17.09.2025 - SOL Crypto was down 8.2%

• SOL faced a significant decline in price despite a substantial purchase of over 86,000 SOL tokens, indicating that market sentiment was not positively impacted by this acquisition.
• The broader crypto market's risk aversion due to escalating US-China trade tensions likely contributed to SOL sliding below $200, as investors turned towards safer assets amidst the volatility.
• The bearish movement in SOL, along with other top altcoins, can be attributed to Bitcoin's drop below $113,000, which led to a sell-off pressure across the market, affecting multiple cryptocurrencies.

06.10.2025 - SOL Crypto was down 5.5%

• SOL recorded major losses today amidst a sell-off wave in the broader cryptocurrency market, triggered by significant liquidations.
• Despite retail demand resurfacing and institutional interest remaining steady, SOL faced a bearish movement, possibly due to profit-taking and market correction.
• The risk of further losses looms as SOL struggles near key support levels, with derivatives data indicating a bearish sentiment among traders.
• The market movement could also be influenced by the overall sentiment towards cryptocurrencies and external factors impacting the digital asset space.

18.09.2025 - SOL Crypto was up 5.1%

• Despite being integrated on Uniswap, SOL saw a slight decrease, likely influenced by general market trends affecting other altcoins like BNB and Cardano.
• The acquisition of over 86,000 SOL by DeFi Development Corporation did not prevent a 5% drop in SOL's price, indicating other factors in the market playing a role.
• The price of SOL holding above $195 indicates a positive shift in overall cryptocurrency market sentiment, potentially fuelling the bullish movement.
• The dip below $200 for SOL may be linked to US-China trade tensions impacting investor risk appetite, resulting in a temporary decrease in SOL's price despite its overall favorable trend.

23.09.2025 - SOL Crypto was up 5.9%

• Positive updates on data centers, mergers, and financing strategies from Solmate Infrastructure likely contributed to the bullish movement of SOL.
• Despite concerns about low user engagement and falling retail demand, SOL managed to extend its recovery as trading volume surged, indicating renewed investor interest.
• The integration of SOL on Uniswap did not prevent a slide in its price, possibly due to broader market trends affecting cryptocurrencies like BNB and Cardano.
• Double-digit losses in BNB, SOL, and Cardano amidst crypto market liquidations suggest that SOL's bullish movement may have been an outlier driven by specific company-related news rather than overall market sentiment.