🪂 Solana Price Faces Pressure: Will the $165 Zone Spark the Next Rebound?

The crypto market kicked off November on a weak note. After a bearish monthly close, sellers have tightened control - $BTC slipped below $107,500, losing key support at $108K, while $SOL tumbled over 8%, dropping to $176. The token’s October base between $178–$180 has been broken, signaling that momentum is shifting in favor of bears.

📉 Market Context:

The total crypto market cap contracted as traders booked profits from October’s rally. Solana officially entered a weekly downtrend, and if the sell-off continues, a revisit to the $165 demand zone seems likely. Historically, this level has acted as a strong bounce area - the last three times SOL tested this range, it rebounded more than 20–30% within a week.

📊 Technical Outlook:

$SOL chart structure is showing lower highs, with repeated rejections near $240. The breakdown below $180 confirms a shift in short-term sentiment. If $165 holds, analysts expect a rebound toward $200, but a failure here could push prices into the $130–$100 range by early 2026.

As Bitcoin battles to reclaim $110K, Solana’s price trajectory will likely follow the broader market tone. If BTC stabilizes, SOL could see a rebound from $165; otherwise, deeper correction risks remain.

Long-term, Solana’s fundamentals - from its developer activity to network performance - continue to support the narrative of eventual recovery. For now, traders are watching closely: $165 might decide whether this is just a dip or the start of a larger retracement.

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