SOL Breaches $165 Mark Amid Weakening Technical Support

Solana Falls Below $165 as Technical Support Breaks – 11/11/2025

Solana (SOL) dropped sharply below the $165 level Tuesday, weighed down by sustained selling pressure amid mixed signals in broader crypto markets.

According to CoinDesk Research’s technical analysis model, SOL declined 3.1%, falling from $169.54 to $164.30, forming a clear downtrend with repeated rejections above $170. The selloff accelerated during Asian trading hours, with trading volume spiking 58% above the daily average as SOL tested the $163.85 support zone. The token traded within an $8.06 intraday range, reflecting nearly 5% volatility.

SOL underperformed the wider crypto market, losing 1.42% relative to the CoinDesk 5 Index (CD5). Intraday movements showed a brief upside spike from $164.07 to $164.97, which quickly reversed to $163.46, highlighting weak bullish momentum in the current downtrend.

Technical Analysis
The breakdown occurred amid profit-taking and momentum-driven selling, without notable fundamental catalysts. Institutional flows were mixed, with overnight accumulation offset by daytime distribution.

Key support now sits at $163.50, while resistance is established near $170.50, defined by prior failed breakout attempts. Volume analysis confirms heavy selling, with peak trades of 1.47 million tokens during the decline. The downtrend structure is reinforced by lower highs at $170.48 and $171.92.

Outlook
The next critical test for bulls is $163.50. A failure to hold this level could open the path toward the $160 psychological support zone. Meanwhile, recovery above $170 would be needed to stabilize sentiment and counter the bearish momentum.

CD5 Index Summary
The CoinDesk 5 Index fell 1.63% to $1,821.19, experiencing a $52.78 intraday range, with institutional buying providing some support overnight near $1,817.

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