Solana's Bull Party Ends: Trendline Smashed, Fib Eyed

Solana's SOL token has experienced a significant decline, breaking below a crucial upward trendline established since April. This development signifies a shift towards bearish market sentiment, characterized by lower highs and lower lows. On November 4, 2025, SOL fell to its lowest point since August, indicating increasing bearish momentum highlighted by a recent MACD crossover. The immediate support level is identified at $155, corresponding to the 61.8% Fibonacci retracement of previous gains from $95 to $253. Should SOL breach this level, the next support could drop further to around $129. Conversely, a recovery above $180, which aligns with the 200-day simple moving average, would be necessary to invalidate the current bearish trend. Market participants are closely monitoring these indicators as they signal critical price levels for traders and investors in the Solana ecosystem.

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