Through studying the movement of Solana over the past two years, it seems that the currency is living within a wide trading range characterized by high volatility and sharp fluctuations without a long-term upward trend. Below is an accurate analytical reading of the current technical situation based on market data up to November 12, 2025 👇
1. The trading range that has been continuous since 2023
$SOL
Solana has been moving since late 2022 within a wide price range between $51.15 as a support area and $310.57 as a major resistance area.
The current price ($153.76) remains in the middle of this range, without any clear break in either direction.
This pattern reflects what is known in classical analysis as the “Distribution Phase” (Distribution Phase),
Where major investors (whales) are gradually selling at each wave rise, preventing the price from forming a strong and sustainable upward trend.
And over the past two years, the boundaries have been clear:
Minimum: between $50 and $100.
Maximum: between $250 and $310.
And this is what makes the market appear “trapped” within a wide and frightening volatility range.
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2. Two clear upward waves followed by strong distribution
SOL has recently witnessed two major upward waves followed by sharp corrections each time:
Wave One – December 2024:
The price rose towards $195–$198 and then touched $245.71 before starting the correction.
This was a reflection of a sharp speculative movement followed by quick distribution on the part of major investors.Wave Two – July 2025:
Although the recent all-time high was in January 2025 ($295), the mid-year saw a rise towards approximately $200 before the price returned to decline.
Pattern One: “Pump and Dump”Repeatedly confirms the absence of genuine long-term momentum.
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3. Sharp volatility and confirmation of continued distribution
Current technical data clearly reflects that Solana is undergoing a strong selling pressure and high volatility:
📉 Daily change: -1.84%
📉 Monthly change: -22.09%
📉 Change over 90 days: -23.30%
💰 Trading volume (24h): $685.58 million
🔻 Lowest price: $151.20
🔺 Highest price: $161.14
Technical indicators support the weak trend
MACD: negative (-3.62) → clear weakness in upward momentum.
RSI: at 40 → in the neutral zone leaning towards selling.
Parabolic SAR: at 101.53 → and the price is close to it, increasing the likelihood of a downward reversal.
This data indicates that the market is witnessing intensive selling surpassing buying, especially after the recent peaks, placing the currency in a fragile position against any additional market pressure.
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4. Strategic vision for investors
In the absence of a bullish breakout above $310, SOL remains in a risk zone for long-term investors.
The most likely scenario currently is continued volatility within the current range, with the possibility of testing areas of $100–$120 if the distribution continues.
However, the Solana project remains one of the most prominent blockchain projects in terms of activity in DeFi and NFTs, but the high volatility nature makes it more suitable for smart short to medium-term speculation rather than long-term passive investment.
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Analytical summary
Solana clearly shows characteristics of a long-term distribution range:
A wide range without a clear direction.
Speculative waves followed by sharp selling.
Technical indicators lean towards decline.
🟡 Advice:
Waiting is the best option at this stage, monitoring levels of $250–$300 as a critical area to confirm a bullish breakout, and implementing strict risk management strategies in case the price returns to historical support areas.
✍️ Analysis: Dharar Al-Hadri
