Solana Price Risks Steeper Drop As Long-Term Support Breaks And Validator Count Shrinks

Solana is trading in correction mode after September’s fourth rejection from the long-standing $255 resistance zone.

Solana Breaks Long Support After ‘Uptober’ Miss

The altcoin has since lost about 40% and was changing hands near $154, confirming a break below its multi-year rising logarithmic support line on the weekly chart.

The move leaves SOL more vulnerable to further selling, especially while the market is pricing in more dominance from Bitcoin.

What’s Next for Solana Price?

Bear Case Points To $147 To $130 Zone

On the higher timeframes, the SOL/USD pair is now moving below a trend that held through earlier rallies. Taking cue from the crypto market Fear & Greed index now in Extreme Fear, SOL price is at risk of further selloff towards its established support range between $130 and $147.

Source: TradingView

According to crypto analyst Benjamin Cowen, the altcoin market will likely continue to bleed its liquidity to Bitcoin, thus resulting in its dominance surge.

“Altcoins will likely drop another 30% against Bitcoin over the coming weeks,” Cowen noted.

Potential bullish outlook for SOL price ahead

In the two-hour timeframe, the Solana price has formed a symmetrical falling trend in the past few weeks. If SOL price rebounds through a double bottom around $153, the altcoin may rally towards the upper border of its falling channel.

Source: TradingView

The bullish outlook for SOL will be confirmed once it breaks above this falling channel.

Shrinking Validator Nodes Cause of Bearish Concerns

Declining network activity sends shockwaves

A report that the Solana validator count is declining fast has sent shockwaves through the community. X user @CryptoGucci pointed out that Solana’s validators have declined from 2,500 in 2023 to less than 900 in November 2025.

Anatoly Yakovenko, co-founder of Solana Labs, noted that the 64% decline in Solana’s validators is not unique. Furthermore, Anatoly noted that Ethereum’s full nodes have declined from 1.2 million validators down to just 8919 synced full nodes.

To put things in perspective:

Ethereum has:
1M validators, run by
~10k validator entities and
~20k nodes to check outputs of validators / rejecting inocorrect output

Pectra has enabled validator entities to consolidate their validator count so expect validators to decrease over… https://t.co/hFZywQngaC

— f1go.eth (@FigoETH) November 6, 2025

Although the Solana network has been operating without glitches in the past year, the notable decline in validators is cause for worry. Moreover, Solana users depend on validators for seamless transactions and metwork security.

Rising global money supply could still rescue SOL

Solana traders have been holding on to a potential bullish move beyond $290 fueled by the ongoing Fed’s monetary change. After two rate cuts, the Fed has noted that it will kick off its Quantitative Easing (QE), which will further boost global money supply.

With more fund managers anticipating to launch their respective spot SOL exchange-traded funds (ETFs) soon, liquidity flow to Solana may eventually trigger a bull run.

Source