Solana prices have recovered above the $173 support level after falling to a low of $164. SOL price analysis by Coinidol.com.
Solana price long-term prediction: bearish
For the past two weeks, the altcoin has traded above the $173 support but below the $210 resistance. On the weekly chart, the price indicator suggests that the cryptocurrency will continue to decline.
On September 22, a fall occurred, with a retraced candle body testing the 38.2% Fibonacci retracement level. This retracement indicates that Solana is likely to decline further. According to the price indicator, Solana may fall to the 2.618 Fibonacci extension, or $92.83. Solana is currently valued at $184.
Technical indicators
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Key supply zones: $220, $240, $260 -
Key demand zones: $140, $120, $100
SOL price indicator analysis
On the weekly chart, the moving average lines are horizontal despite the bearish trend. On the 4-hour chart, the moving average lines are also horizontal, indicating a sideways trend. The 21-day SMA is below the 50-day SMA, confirming the decline.
SOL/USD daily chart – October 23, 2025
What is the next move for Solana?
Solana price is moving sideways above the $175 support and below the $210 resistance. On the weekly chart, the cryptocurrency price remains above the moving average lines. Selling pressure will increase if the price falls below the moving average lines.
SOL/USD 4-hour chart – October 23, 2025
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.
Source: https://coinidol.com/solana-faces-fall/
