#Solana SOL Price News Today 18-12-2025 - SOL Elliott Wave Price Technical Analysis, Price Update. Video by More #Crypto Online.
As of December 18, 2025, the price of Solana (SOL) is approximately $123.86 USD, reflecting a decline of around 3% over the past 24 hours. The chart reveals a period of high volatility, with the price breaking below a key support level of $128, a bearish signal that increases the risk of a further correction towards the $100-$120 range.
Key Insights
Bearish Momentum: Solana's price action shows a clear downtrend, trading within a falling channel and below key moving averages, with technical indicators like the Relative Strength Index (RSI) sending sell signals.
Key Levels: Immediate support is noted around $121.50 and $120. If these levels fail to hold, a potential drop to the next major support zone around $100 or $112 is possible. Resistance levels are currently positioned at approximately $130 and $144.
Market Sentiment and News: The overall market sentiment is one of "Extreme Fear". The recent price movements were influenced by a pump and dump during the New York trading session, alongside wider market pressures and a notable decrease in the Solana network's usage since July 2025, which points to lower demand and a bearish outlook for the token in the short term.
Long-Term Outlook: Despite short-term bearishness, some long-term forecasts remain optimistic, with some analysts predicting the price could reach as high as $520 by year-end 2025, contingent on factors like institutional adoption (e.g., potential spot ETFs) and network upgrades like Firedancer.
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