SOL dips below $140 as market sentiment remains bearish

Key takeaways

Solana is down by lower than 1% and is at the moment 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 constructive fundamentals

SOL, the native coin of the Solana blockchain, is down by lower than 1% within the final 24 hours and is at the moment buying and selling beneath $140. This bearish efficiency comes regardless of Canary Capital and Constancy asserting 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 constructive rally for SOL, because the coin continues to eye the weekly assist degree round $128. 

Constancy turned the fourth asset supervisor to launch an SOL ETF and likewise added a staking function to the fund. This newest improvement 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 each day chart is bearish and environment friendly as Solana has underperformed over the previous few days. SOL confronted rejection on the each day degree 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 degree on Tuesday. 

If the present assist degree at $128.68 continues to carry, SOL might lengthen the restoration towards the subsequent main resistance and TLQ degree at $160. The RSI on the each day chart at the moment stands at 34, indicating that the bearish development stays sturdy.

Nevertheless, if SOL’s each day candle closes beneath $128.68 over the subsequent few hours, the coin might lengthen its decline towards the subsequent each day assist at $118. At present, the development and order circulate are unfavourable, indicating that sellers are in management.