Remember when Solana was the undisputed king of the 2021 bull run? Yeah, those $260 highs feel like ancient history right now. Fast forward to late November 2025 and SOL has been taking an absolute beating for weeks. Yet something interesting happened this week – price touched a level that has held like concrete for over two years and actually bounced. Not a monster pump, but enough to make you raise an eyebrow.
I’ve been watching this chart way too closely (probably unhealthy), and the $143 zone isn’t just some random line in the sand. It’s a multi-year demand band where buyers have repeatedly stepped in with both feet. When price revisited it this week, the selling pressure suddenly dried up. Coincidence? Maybe. But in crypto, coincidences at major levels rarely are.
Why $143 Actually Matters More Than Most Realize
Let’s zoom out for a second. If you pull up the monthly chart – yes, the one that makes most traders sweat – you’ll see this exact area acted as support back in early 2023, then again in late 2024. It’s basically the floor beneath which Solana would start looking seriously broken on higher timeframes.
More importantly, this isn’t just about pretty horizontal lines. The volume profile tells an even clearer story. The highest traded volume over the past two years sits right around $145. Price is currently trading just below that node, which explains why every attempt to push lower has felt like wading through mud. Bears are exhausted, and the smart money seems to be accumulating rather than distributing.
“Sitting at high timeframe support with the first signs of life from some SOL memes – this got my attention.”
– Popular technical analyst, November 2025
The Technical Picture: Neutral But Not Bearish
Here’s where things get interesting. Most retail traders look at the daily chart bleeding red and panic sell. But the momentum indicators? They’re actually flattening. The RSI isn’t making new lows, MACD histogram is narrowing – classic signs that selling pressure might be running out of steam.
Solana remains below its key moving averages (the 50, 100, and 200-day), which technically keeps the trend bearish. But – and this is a big but – price is forming what looks like a potential higher low against those declining MAs. In my experience, this setup often precedes either a violent squeeze higher or one final capitulation shakeout. Given the support strength, I’m leaning toward the former.
- Price holding above multi-year demand zone
- Volume profile showing massive traded volume just overhead at $145
- Momentum indicators neutral rather than oversold
- Meme coin volume picking up dramatically on Solana chain
- Declining sell volume on each retest of support
The Meme Coin Catalyst Nobody’s Talking About (But Should)
Let’s be real – Solana’s revival probably won’t come from some groundbreaking DeFi primitive or institutional adoption announcement. It’ll come from degenerate gamblers piling into the next 100x meme coin. And guess what? That rotation already started.
Tokens like Bonk, WIF, and newer plays are seeing volume spikes that remind me of late 2023. When meme coins on Solana start moving, the base layer token usually follows – sometimes violently. The network effects are real. More transactions mean more fees burned, more demand for SOL to pay those fees, and suddenly the price chart starts looking a lot healthier.
I’ve lived through three of these cycles now. The pattern is almost boringly consistent: meme coins pump → network activity explodes → SOL catches a bid → DeFi TVL follows → mainstream media notices → retail FOMO kicks in. We’re somewhere between stage one and two right now.
What Needs to Happen for a Real Recovery
First, Solana needs to reclaim that $145 high-volume node. That’s the line in the sand. Above there, the path opens toward $160-170 pretty quickly – that’s where a lot of trapped longs from the recent breakdown sit, plus the next major liquidity pocket.
Longer term, the real prize is getting back above $180. That would flip the macro structure bullish and likely trigger a cascade of short covering. But let’s not get ahead of ourselves. Right now the game is simple: hold $143, absorb the remaining selling, then start grinding higher.
| Scenario | Trigger | Target |
| Bullish Relief | Break above $145 | $165 – $180 |
| Extended Rally | Weekly close above $180 | $220+ |
| Bearish Breakdown | Loss of $135 | $100 – $110 |
The Bigger Picture: Why This Matters Beyond Just Price
Solana holding here isn’t just about another altcoin bouncing. It’s about whether the “Ethereum killer” narrative still has legs. Because if SOL breaks down hard from current levels, the damage to ecosystem confidence would be massive. Projects would migrate, developers would pause, and the meme coin casino would move elsewhere (probably Base or a new L2).
But if Solana defends and starts marching higher? That’s the spark that could light the entire altcoin season fuse. We’ve seen this movie before. One major layer-1 holds its key level, confidence returns, and suddenly everything with four letters and a dream is pumping.
Look, nobody has a crystal ball. Crypto loves to fake out both bulls and bears with extreme prejudice. But the setup here is about as clean as it gets at a major inflection point. The risk/reward for longing the $143 zone with a tight stop feels heavily skewed to the upside.
Whether you’re a degen hunting the next meme coin moonshot or a more “serious” investor waiting for confirmation, keep Solana on your radar. Because when this thing decides to move, it rarely asks permission first.
The $143 question now is simple: bounce or break? My money’s on bounce. But in crypto, being early is the same as being wrong… until suddenly you’re very, very right.
