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SOL Tests Key $185 Support as Crypto Markets Face November Volatility

The post SOL Tests Key $185 Support as Crypto Markets Face November Volatility appeared com. James Ding Nov 01, 2025 12: 22 Solana trades at $186. 35 after a 1. 4% decline, hovering near critical support levels as traders position for potential breakout above $190 resistance in absence of major catalysts. Quick Take • SOL trading at $186. 35 (down 1. 4% in 24h) • No significant news catalysts driving movement in past 48 hours • Price testing pivot point support around $187 level • Following broader crypto weakness alongside Bitcoin decline Market Events Driving Solana Price Movement Trading on technical factors in absence of major catalysts, SOL price has consolidated in a tight range between $184-190 over the past 24 hours. No significant news events have emerged in the past 48 hours to drive directional momentum for Solana. The current price action reflects broader cryptocurrency market dynamics, with most major tokens experiencing modest declines as November trading begins. Market participants appear to be taking a cautious stance ahead of potential volatility typically associated with the final months of the year. Volume on Binance spot market reached $415. 6 million in the past 24 hours, indicating sustained institutional interest despite the lack of major news flow. This elevated volume suggests traders are actively positioning around current technical levels. SOL Technical Analysis: Consolidation Phase Price Action Context SOL price currently trades below its short-term moving averages, with the 7-day SMA at $192. 14 and 20-day SMA at $191. 32 both acting as immediate resistance. However, the token remains above its 200-day moving average of $179. 26, maintaining its longer-term bullish structure. The current positioning between the $187 pivot point and $191 resistance zone suggests Solana is in a consolidation phase, potentially building energy for the next directional move. Trading volume patterns indicate institutional participants are accumulating on dips rather than selling aggressively. Key Technical Indicators The RSI.