SOL dips beneath $140 as market sentiment stays bearish

Key takeaways

Solana is down by lower than 1% and is at present buying and selling beneath $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 beneath $140. This bearish efficiency comes regardless of Canary Capital and Constancy saying the launch of their spot Solana Change 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. Nonetheless, it didn’t translate right into a optimistic rally for SOL, because the coin continues to eye the weekly assist stage round $128. 

Constancy grew to become 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 might develop into a bullish outlook for SOL in the long run. 

SOL might retest the $128 low as bearish momentum persists

The SOL/USD every day chart is bearish and environment friendly as Solana has underperformed over the previous few days. SOL confronted rejection on the every 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 might prolong the restoration towards the following main resistance and TLQ stage at $160. The RSI on the every day chart at present stands at 34, indicating that the bearish development stays sturdy.

Nonetheless, if SOL’s every day candle closes beneath $128.68 over the following few hours, the coin might prolong its decline towards the following every day assist at $118. At present, the development and order circulation are adverse, indicating that sellers are in management.