The post Solana Price Weakens as Market Turns Bearish-Will the $165 Zone Trigger a Rebound? appeared com. The post Solana Price Weakens as Market Turns Bearish-Will the $165 Zone Trigger a Rebound? appeared first Bitcoin price slipped below $107,500, breaching a crucial support level near $108,000, while Solana price plunged to $176, losing its strong October base between $178 and $180. The weak start to November has left traders cautious, as the SOL price dropped over 8% amid low trading volume and fading bullish momentum. The total crypto market capitalization also declined as traders booked profits after the recent rally. With this pullback, Solana has officially entered a weekly downtrend, and if selling pressure persists, the token could soon revisit its key demand zone near $165. This zone has historically served as a strong rebound area, potentially halting further downside and fueling a fresh move toward the $200 resistance in the coming sessions. What’s Next for the Solana (SOL) Price Rally? Solana’s price action has entered a decisive phase as the token consolidates near $187 following a sharp pullback from recent highs. The chart reveals a clear structure of lower highs, indicating growing bearish momentum after repeated rejections around $240. With the recent breakdown below $180, SOL is testing crucial mid-range support levels, leaving traders watchful of a potential deeper correction. The broader market sentiment appears cautious, suggesting volatility could intensify if Solana fails to reclaim the $200 resistance soon. The chart shared by a popular analyst, Ali, illustrates Solana’s multi-month range between $100 and $260, highlighting a possible downward trajectory if the $158-$165 support fails to hold. The dotted projections suggest a potential short-term rebound toward $200 before a continuation of the downtrend, possibly dragging SOL toward the $130-$100 zone by early 2026. The setup implies a lower-high.