SOL dips below $140 as market sentiment remains bearish

Key takeaways

Solana is down by lower than 1% and is at present buying and selling under $140.
Canary Capital and Constancy introduced the launch of their spot Solana ETFs SOLC and FSOL on Tuesday.

SOL down 1% regardless of optimistic fundamentals

SOL, the native coin of the Solana blockchain, is down by lower than 1% within the final 24 hours and is at present buying and selling under $140. This bearish efficiency comes regardless of Canary Capital and Constancy saying the launch of their spot Solana Alternate Traded Funds (ETFs), SOLC and FSOL, on Tuesday.

BREAKING: @Constancy, one of many world’s largest asset managers with $6.4 Trillion AUM, launches Solana ETF on @NYSE: FSOL 🔥 pic.twitter.com/m9DhhOlfUt

— Solana (@solana) November 18, 2025

The information boosted market sentiment amid rising institutional traders. Nevertheless, it didn’t translate right into a optimistic rally for SOL, because the coin continues to eye the weekly assist stage round $128. 

Constancy turned the fourth asset supervisor to launch an SOL ETF and in addition added a staking characteristic to the fund. This newest growth signifies rising institutional curiosity in Solana-based funding merchandise, which may develop into a bullish outlook for SOL in the long run. 

SOL may retest the $128 low as bearish momentum persists

The SOL/USD day by day chart is bearish and environment friendly as Solana has underperformed over the previous few days. SOL confronted rejection on the day by day stage of $168.79 final week and has misplaced over 22% of its worth since then. At press time, SOL is buying and selling above $136 per coin after hitting the $144 stage on Tuesday. 

If the present assist stage at $128.68 continues to carry, SOL may prolong the restoration towards the subsequent main resistance and TLQ stage at $160. The RSI on the day by day chart at present stands at 34, indicating that the bearish development stays robust.

Nevertheless, if SOL’s day by day candle closes under $128.68 over the subsequent few hours, the coin may prolong its decline towards the subsequent day by day assist at $118. At present, the development and order circulate are detrimental, indicating that sellers are in management.