Volatility remains high across Solana, but history suggests the current drop may be setting up something bigger. SOL has built a reputation for sharp recoveries after fear-driven selloffs, and this time appears no different. With prices hovering near key demand zones and traders split between caution and anticipation, the market seems to be preparing for its next major move.

Solana current price is $162.15, up 3.55% in the last 24 hours. Source: Brave New Coin

Potential Trap Before a Solana Price Reversal

The current Solana weekly chart highlights a classic setup where bearish candles often precede sharp reversals. The price has been repeatedly showing this pattern, deep red closes followed by multi-week recoveries. Historical data support this view, with similar formations around $120, $150, and $175 leading to strong upside reversals. This time, the pattern looks nearly identical, but traders are cautious that it could still be a manipulative sweep before a breakout.

Solana’s weekly structure mirrors previous recovery phases, where deep red candles often preceded major rallies. Source: Batman via X

Famous crypto analyst Batman suggests that such candle structures typically act as liquidity traps, luring late shorts before trend expansion resumes. With wicks extending towards the $140 zone and demand forming above $145 to $150, the market seems to be preparing for volatility compression. If the reaction mirrors past phases, the coming weeks could see a rebound towards $185 to $200, confirming another bear trap in Solana’s historical cycle.

Technical Structure Favors a Rebound Towards $190

According to Trader Koala, a critical range is forming between $155 to $160, where Solana price is showing its first signs of stabilization since the breakdown. Price is currently basing near this zone, testing previous imbalance support while reclaiming the short-term EMA cluster on the 4H chart. Volume behavior shows clear absorption, and RSI divergence hints that sellers may be losing momentum.

Solana price is stabilizing between $155 and $160 as early bullish signals reappear across lower timeframes. Source: Trader Koala via X

A weekly close above $160 would mark the confirmation point for a rally towards $185 to $190, filling the previous inefficiency visible on the chart. If Solana price manages to sustain that level, market structure would shift bullishly for the first time since September, signaling the beginning of a recovery leg within a broader corrective cycle.

Solana Price Prediction: A Path Towards $400 Still in Play

Macro structure remains encouraging, even after months of pullback. Solana continues to respect the 0.618 Fibonacci retracement, bouncing sharply from $150. The overall higher-timeframe picture shows a series of higher lows, reflecting steady accumulation through each correction phase.

Solana maintains its long-term bullish structure, with analysts eyeing a potential continuation towards the $375–$400 zone. Source: iWantCoinNews via X

As iWantCoinNews outlines, if this base holds and Solana price continues reclaiming $185 and $255, the broader path towards $375 to $400 remains valid. This projection fits the same cyclical expansion patterns observed in prior market phases, making the current retracement a potential reaccumulation period before the next macro impulse wave.

On-chains are Supportive of Price Recovery

A major on-chain event further supports Solana’s strong fundamentals. Lookonchain reported that Circle minted 1.25 billion USDC on the Solana blockchain within just 24 hours, one of the largest single-day injections of stablecoin liquidity on any network this quarter.

Circle’s 1.25 billion USDC mint on Solana marks one of the largest liquidity injections this quarter, signaling renewed network strength. Source: Lookonchain via X

This minting spree effectively increases liquidity depth, indirectly benefiting SOL’s price dynamics. Historically, similar events have coincided with transaction surges and fee revenue spikes, reinforcing Solana’s position as a leading smart contract platform.

Final Thoughts

Solana’s structure continues to show signs of underlying resilience despite recent volatility. Price is consolidating above $150 to $155, setting the stage for a potential bullish reversal as long as it maintains momentum above this key base. The repeated historical pattern of bearish-to-bullish weekly candles further strengthens the case for near-term recovery.

If Solana price reclaims $160 to $165, upside continuation towards $190 and later $350 to $400 becomes highly plausible. Combined with liquidity expansion from USDC minting and solid technical confluence, the market appears poised for a steady rebound phase, supported by both price structure and fundamentals.

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Filed under: Bitcoin - @ November 8, 2025 1:03 pm