$SOL recently broke below a key technical support level around $165, dipping to about $164.30 amid increased selling pressure.
According to a near-term forecast, SOL could trade in a range roughly between $142–$156 over the next few days.
Overall market sentiment for SOL appears cautious: many technical indicators lean bearish, while on-chain data and ecosystem usage remain mixed.
On one hand, the fundamentals of the network remain fairly solid: as of November 2025, there was a reported 25% growth in weekly active users, pushing total active user numbers on Solana over 12 million.
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On the other hand, technical breakdowns plus pressure from recent token sell-offs and broader crypto market volatility weigh on short-term price action.
Some analysts remain optimistic for the medium term: under favorable conditions, SOL could rebound — with projections in recent weeks suggesting potential moves toward the $175–$200 zone.