- Influential trader Crypto Tony forecasts Solana (SOL) heading to $95 support on a slow downside grind, as per his latest technical update.
- SOL trades at ~$140.85, down 2% in 24 hours, testing key moving averages after failing to hold above $150 resistance.
- Bearish sentiment dominates with Fear & Greed at 15 (Extreme Fear); analysts eye $105 as next stop if $95 cracks.
Solana, the high-speed blockchain darling, is grinding lower in a textbook bearish setup, according to veteran trader Crypto Tony, whose 556K-follower X account is a must-watch for technical setups. In a November 14 post timestamped 7:27 PM, Tony shared a TradingView chart of SOL/USD, captioning it: “Slow move down to my $95 target.” The dark-themed candlestick plot, spanning August to November 2025, paints a grim picture: red candles dominate recent sessions, with price action coiling below a descending trendline from the September highs near $200.
At publication on November 15, SOL hovers around $140.85, reflecting a 2% daily dip and a 10% retreat from last week’s $155 peak. Tony’s analysis highlights a breakdown below the 50-day EMA (yellow line on his chart), now acting as resistance around $148, coupled with weakening volume on green bars. Support eyes $130 first, but the real test looms at $95—aligning with a multi-month channel low and prior accumulation zone. “It’s a slow bleed, not a crash,” Tony implies, urging patience over panic in his signature no-frills style.
This isn’t isolated FUD. Solana’s ecosystem, buzzing with DeFi TVL topping $10B and meme coin frenzy, faces headwinds from Bitcoin’s own wobbles below $100K and macro jitters like sticky inflation data. On-chain metrics show exchange inflows spiking 15% week-over-week, hinting at profit-taking, while active addresses dipped to 1.2M—down from October’s frenzy. The Fear & Greed Index sits at a frosty 15, signaling capitulation vibes across alts.
Yet, bulls aren’t waving the white flag. Solana’s Firedancer upgrade, slated for Q1 2026, promises sub-second finality and could reignite scalability hype. ETF whispers add rocket fuel potential. Forecasts see a modest rebound to $156 by November 16, but bears warn of deeper pain if global risk-off persists.
Crypto Tony’s call resonates because it’s methodical: no hype, just lines on a chart. For SOL holders, $95 could be a dip-buy gift if network adoption holds—think Pump.fun’s $2B in fees YTD. But in this extreme fear regime, it’s HODL or fold. As Tony’s post racks up 9.3K views, one truth endures: In crypto, slow moves down often precede sharp reversals. Watch that $95 line closely—it’s where legends are made or broken.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
