Solana Price Outlook: Is $140 the Next Stop as the Demand Zone Faces Pressure?

Solana Price Outlook: Is $140 the Next Stop as the Demand Zone Faces Pressure?

Solana (SOL) appears poised to revisit the $140 level in the short term as selling pressure intensifies, despite bulls defending the psychological $150 mark throughout the past week. The downside bias has strengthened after a breakdown from a symmetrical triangle and the loss of the $180 support in early November, accompanied by weakening OBV (On-Balance Volume) and MFI (Money Flow Index) readings.

Unless Bitcoin (BTC) can hold firmly above the critical $98,000–$100,000 range, Solana’s risk of sliding further toward $120 remains elevated.

Short-Term Trend: Downside Momentum Dominates

Solana’s short-term trend leans bearish, reflected in lower highs and lower lows across daily charts. OBV continues to trend downward, indicating sustained distribution rather than short-term liquidity sweeps, while MFI remains under 50 — confirming that buying momentum is fading.

The $145–$155 demand zone has weakened notably, and liquidity heatmaps suggest $144–$140 as a strong magnet for price before a potential rebound. If Bitcoin fails to stabilize, the next deep liquidity layer near $120 could come into play.

From $171 to $155: A 10% Drop Confirms Profit-Taking Pressure

Over the past week, SOL has fallen nearly 10% from its high of $171.9 to around $155, underscoring profit-taking among traders. Despite solid fundamentals — such as a growing presence in stablecoin adoption and monthly revenue strength — these factors haven’t yet translated into a renewed long-term bullish structure.

Buyers have defended the $150 area for several sessions, but the lack of volume and weak follow-through suggest that rallies may continue to be sold into. Without Bitcoin’s support or broader market inflows, technical bounces could remain short-lived.

Breakdown Confirms Bearish Structure

On the daily timeframe, Solana has broken below its symmetrical triangle and lost the $180 support, initiating a clear sequence of descending highs and lows — a textbook sign of a bearish continuation pattern.

OBV continues to trend downward, implying that the market is witnessing active distribution, while MFI staying under 50 shows a persistent lack of strong inflows. When both price and volume confirm the same direction, the probability of an extended correction increases sharply.

$145–$155 Zone Under Siege: A Key Level to Watch

On the hourly chart, the $145–$155 zone has acted as a crucial demand area since November 4, now being retested. With Bitcoin hovering around $102,000, even a mild round of sell-offs could break this support.

Although some indicators point to short-term oversold conditions — MFI dipping below 20 — oversold readings don’t guarantee a reversal, especially without rising volume or bullish divergence confirmation.

Liquidity Heatmap: $144–$140 as the Next Target Zone

According to CoinGlass’s 1-month liquidation heatmap, dense clusters of liquidations are concentrated around $144 and $140, acting as price magnets that could attract SOL before any significant recovery attempt.

The short-term outlook thus remains bearish, with a likely pullback toward $140 in the coming days. If the market continues to bleed and Bitcoin weakens, liquidity pockets extending toward $120 may also come into play — making risk management essential for traders.

Bitcoin’s $98,000–$100,000 Zone: The Decider for Solana’s Fate

The next major directional cue for SOL depends on how Bitcoin behaves near its $98,000–$100,000 support range.

• If BTC holds firm: Solana could stabilize near $140 and attempt a rebound as market sentiment improves and capital rotates back into altcoins.

• If BTC loses this zone: Broader risk-off behavior could trigger another cascade of selling across altcoins, pushing SOL deeper toward the $120 region.

This inter-market dynamic makes Bitcoin’s next move crucial for Solana’s trajectory.

Key Price Levels & Technical Summary

Risk Management Strategies in Current Conditions

Given the short-term bearish setup and oversold readings, discipline is critical:

• Wait for a flush toward $144–$140, then observe volume and candle structure before taking new positions.

• Limit risk exposure to 1–2% per trade and always use clear stop-loss levels (e.g., above broken supports).

• Avoid catching falling knives without confirmation from both OBV/MFI and higher-low formations.

• Closely monitor Bitcoin’s behavior around $98,000–$100,000 — it will likely determine if SOL can stabilize or extend losses.

FAQs

• Can Solana hold $150?
Buyers have defended it for a week, but technical momentum favors the downside. Unless market sentiment improves, a move toward $140 appears likely.

• When could Solana turn bullish again?
A sustained reclaim of $180 alongside higher highs and rising OBV would mark a structural reversal.

• Is MFI below 20 a buy signal?
Not necessarily. It signals oversold conditions, but traders should wait for bullish divergence or strong volume confirmation before entering.

• Why is $144–$140 crucial?
It coincides with high liquidity clusters, making it a probable area for price reaction before a rebound attempt.

• What could push SOL to $120?
If Bitcoin breaks below $98,000–$100,000, risk aversion could spread across the crypto market, driving Solana into deeper liquidity zones.

Conclusion

The Solana market is entering a critical phase as its key demand zones face heavy pressure. While oversold conditions suggest a near-term bounce may be possible, the dominant trend remains bearish until Bitcoin stabilizes and Solana reclaims $180 with volume confirmation.

Traders should maintain a cautious, data-driven approach, focusing on liquidity zones, volume shifts, and inter-market signals rather than emotional reactions. In the short term, the $140 level may be tested soon — and what happens there could define Solana’s direction for the rest of November.

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