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Solana's Bull Party Ends: Trendline Smashed, Fib Eyed
The bearish momentum is increasing, according to key indicators.
Updated Nov 4, 2025, 5:13 p.m. Published Nov 4, 2025, 6:25 a.m.
What to know:
- Solana's SOL token has breached the upward trendline from April lows.
- The bearish momentum is increasing, according to key indicators.
Solana's SOL token has fallen to its lowest level since August, breaking below the upward trendline, representing the bull run from April lows.
The breakdown signals increasing bearish momentum, marked by the recent series lower highs and lows, and a renewed bearish MACD crossover.
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The immediate support is seen at $155— the 61.8% Fibonacci retracement of the rally from $95 to $253— breach of which could lead to a next support around $129. A move back above $180, the 200-day SMA, is needed to invalidate the bearish trend.
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Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
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