Solana Completes Clean Consolidation and Tests $155 Support Zone, Showing Early Signs of a Pullba...

SOL completes consolidation and tests $155 support, showing signs of a potential short-term rebound.

Stabilizing volume and active buyer interest suggest accumulation near key support before possible recovery.

Network data shows rising value locked and user activity, supporting Solana’s constructive long-term outlook.

Solana (SOL) has completed a clean consolidation phase and recently tapped the lower support zone, showing early signs of a pullback attempt. The current structure on the 4-hour chart indicates renewed market participation as buyers begin to position near the $155 region. This level often becomes a zone of accumulation where “smart money” starts entering during early recovery stages.

Technical Overview and Market Structure

According to BitGuru, SOL experienced a steady decline from above $220, reaching near $155 after a prolonged consolidation period. Between late October and early November, price movement remained range-bound between $210 and $160, forming a structured base

After the consolidation, the token broke below the lower boundary but showed signs of a short-term rebound from the newly tested support zone. Market data from TradingView indicated that SOL traded near $157.75 during the latest session, with volume showing signs of stabilization after extended selling pressure

Analysts noted that if buyer momentum strengthens, SOL may recover toward the mid-range resistance near $180. This level represents the midpoint of the previous consolidation range, aligning with the next technical area of interest for traders monitoring potential continuation patterns.

Network Growth and Long-Term Technical Outlook

According to DeFiLlama data, Solana’s total value locked reached $10.08 billion, showing a 1.15% increase within 24 hours. Stablecoins market capitalization stood at $13.817 billion, reflecting sustained liquidity in the ecosystem. App revenue totaled $4.35 million in 24 hours, while decentralized exchange volume reached $4.59 billion

Source: MoreCryptoOnline(X)

Active addresses increased to 2.31 million, confirming consistent participation and network usage. According to an observation by MoreCryptoOnline, SOL’s daily chart displayed corrective movements after completing an earlier upward wave structure

The token retraced toward Fibonacci levels between 138.26 and 160.71, maintaining a controlled correction within defined support areas. Analysts identified key zones between $117 and $134 as potential areas of base formation before the next upward wave. Although there was volatility in the recent past, the greater framework was positive with market activity and liquidity development.

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