Solana price is trading near its lowest levels since April as price action continues to weaken following months of downside pressure. With SOL now testing a historically important support zone between $100 and $130, analysts are divided on whether the move represents late-stage downside or a potential long-term entry area.
While short-term momentum remains fragile, multiple chart-based signals suggest the current range could prove decisive for Solana’s next major move.
As of December 18, 2025, Solana was trading around $123, marking its lowest price since April. According to Cheds Trading, SOL’s recent decline has pushed the price into a zone not visited for several months, reinforcing the significance of current levels.
Solana trades near $123 at multi-month lows, with price pressing the lower Bollinger Band as downside momentum remains dominant. Source: Cheds Trading via X
The chart shared by Cheds shows SOL trading below key moving averages, with price hugging the lower Bollinger Band, typically a sign of strong downside momentum rather than consolidation. Historically, similar conditions have preceded either sharp relief bounces or extended base-building phases.
Analyst Kamran Asghar highlighted that Solana is now testing the $100–$130 support zone for the first time in months, a region that previously acted as a launchpad for major upside moves earlier in the cycle.
Solana price shows repeated reactions from this area across 2024 and early 2025, suggesting it remains a structurally important demand zone. A sustained hold above this band could allow SOL to stabilize and attempt a higher-low formation, while a clean breakdown would weaken the broader market structure.
Solana tests the key $100–$130 support zone, a historically important demand area. Source: Kamran Asghar via X
Importantly, Kamran framed the zone as a test, not a confirmed bottom, reinforcing the need for confirmation before drawing bullish conclusions.
Adding a technical counterbalance to the bearish trend, CryptoCurb noted the presence of a daily RSI bullish divergence forming near $125 monthly support. According to his analysis, this marks the fifth instance in the past two years where a similar divergence has appeared at comparable levels.
A daily RSI bullish divergence is forming near $125 support, hinting at potential seller exhaustion. Source: CryptoCurb via X
Historically, these divergences have aligned with medium-term bottoms for Solana, often preceding strong recoveries. However, the signal remains conditional and depends on price holding current support levels rather than continuing lower.
CryptoCurb emphasized that while RSI divergence can indicate seller exhaustion, it does not invalidate the broader downtrend unless confirmed by price reclaiming higher levels.
While Solana’s price action remains under pressure, ETF flow data suggests institutional interest has not weakened to the same extent. According to data shared by Elja, Solana ETFs have continued to record steady inflows even as SOL trades roughly 50% below its recent highs.
Elja noted that capital has consistently entered Solana-related ETFs throughout the drawdown, a behavior often associated with longer-term positioning rather than short-term speculation. This divergence between price weakness and sustained inflows adds context to SOL’s current test of the $100–$130 support zone, indicating that selling pressure has not been accompanied by broad institutional withdrawal.
Solana ETF inflows remain steady despite price weakness, signaling continued institutional interest during the drawdown. Source: Elja via X
However, while ETF inflows do not immediately reverse trends, they often reflect early positioning. If broader market sentiment turns bullish, this sustained institutional interest suggests Solana could be among the assets positioned to lead the next recovery phase, provided key technical levels are reclaimed.
Solana remains significantly below its January 2025 all-time high near $293, reflecting a deep corrective phase that mirrors broader altcoin market conditions. Short-term traders are focused on whether SOL can hold above the $100–$130 support zone, while longer-term participants are watching for structural confirmation through reclaiming key moving averages.
Solana current price is $123.45, down -3.89% in the last 24 hours. Source: Brave New Coin
Market sentiment around SOL is currently mixed, balancing bearish price structure against improving momentum signals and institutional participation.
Solana price is at a critical inflection point. The $100–$130 support zone represents a major technical test, reinforced by historical price reactions and emerging RSI divergence. While downside risks remain if support fails, analysts see growing evidence that selling pressure may be slowing near current levels.
For now, SOL’s outlook remains conditional. A sustained defense of support could allow consolidation and recovery attempts, while a breakdown would keep the broader downtrend intact. Traders and investors alike will be watching closely to see how Solana responds at this key level.

