{"id":9287,"date":"2026-01-10T05:11:03","date_gmt":"2026-01-10T05:11:03","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/solana-to-retest-november-lows-after-144-rejection-but-analysts-remain-bullish\/"},"modified":"2026-01-10T05:11:03","modified_gmt":"2026-01-10T05:11:03","slug":"solana-to-retest-november-lows-after-144-rejection-but-analysts-remain-bullish","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/solana-to-retest-november-lows-after-144-rejection-but-analysts-remain-bullish\/","title":{"rendered":"Solana To Retest November Lows After $144 Rejection, But Analysts Remain Bullish"},"content":{"rendered":"

As Solana (SOL) fails to reclaim a major resistance area, a market watcher suggested that the cryptocurrency is poised to retest the November lows. However, other analysts predicted that the altcoin consolidation period may end soon.<\/p>\n

Solana Rejected From Key Area<\/h2>\n

On Friday, Solana faced a nearly 4% correction after trying to reclaim a crucial resistance zone for the second time this week. The cryptocurrency has been trading between the $120-$145 price range since the early November correction, hitting its local lows three weeks ago.<\/p>\n

Amid the crypto market\u2019s star-of-the-year rally, SOL jumped over 13% from its yearly opening, breaking out of a three-month downtrend and hitting a one-month high of $143.4 earlier this week.<\/p>\n

After being rejected from the upper boundary on Tuesday, the altcoin is now attempting to build a base below the $140 level, where the cryptocurrency has faced strong resistance over the past three months.<\/p>\n

Despite the surge, Market observer Crypto Batman predicted<\/a> that SOL could retrace toward the November lows as a bullish reversal pattern appears to be forming on its one-day timeframe.<\/p>\n

In an X post, the analyst noted that the altcoin has been rejected by the strong resistance area, asserting that a local top has formed. As a result, the cryptocurrency\u2019s next support area is around the $128-$130 area, where its unfilled bullish Fair Value Gap (FVG) is located.<\/p>\n

\"Solana\"<\/p>\n

Crypto Batman also pointed out that Solana has been potentially forming an inverse Head and Shoulders pattern since the Q4 corrections. According to the chart, the cryptocurrency formed the patterns left shoulder and head during the November and December pullbacks, with the neckline around the $145 area.<\/p>\n

Moreover, the recent rejection could signal that the right shoulder has begun forming, which would see the price drop to its late November lows before retesting the pattern\u2019s neckline again and potentially breaking out if the formation is confirmed.<\/p>\n

Is SOL Waking Up?<\/h2>\n

Market watcher King Arthur shared<\/a> a bullish outlook for Solana, affirming that the altcoin \u201cis finally waking up.\u201d He affirmed that \u201cWe\u2019ve been watching that long downward slide for a while now, and it\u2019s so good to see SOL finally breaking free from that falling channel. This is a huge first step, but let’s stay sharp.\u201d<\/p>\n

As he explained, breaking above the $143 level is crucial for Solana\u2019s momentum, as it would open the door for a reclaim of the $152 level, lost during the November 13 breakdown.<\/p>\n

\u201cIf we manage that, I\u2019d say the uptrend is officially back on track with my eyes set on $171.55,\u201d he asserted. However, he warned that a drop below the $133 area would suggest that the price is not ready for bullish continuation.<\/p>\n

Meanwhile, analyst Crypto Jelle pointed<\/a> out that Solana has been unable to challenge the $200 psychological barrier, chopping below this level over the past few months. He suggested that its recent performance is starting to resemble BNB\u2019s price action.<\/p>\n

\u201cKinda starting to feel like BNB. Sideways for what feels like forever – and then, sudden expansion again. (\u2026) Waiting for the same outcome,\u201d he concluded.<\/p>\n

As of this writing, Solana is trading at $134.9, a 2.3% decline in the daily timeframe.<\/p>\n

\"Solana,<\/p>\n","protected":false},"excerpt":{"rendered":"

As Solana (SOL) fails to reclaim a major resistance area, a market watcher suggested that the cryptocurrency is poised to retest the November lows. However, other analysts predicted that the altcoin consolidation period may end soon. Solana Rejected From Key Area On Friday, Solana faced a nearly 4% correction after trying to reclaim a crucial…<\/p>\n","protected":false},"author":1,"featured_media":9288,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[114,833,608,267,72,1844,174,4424,121,124,128,4425,129],"class_list":["post-9287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-crypto-analyst","tag-crypto-market-correction","tag-crypto-market-recovery","tag-crypto-trader","tag-cryptocurrency-market-news","tag-inverse-head-and-shoulders","tag-sol","tag-sol-prediction","tag-solana","tag-solana-breakout","tag-solana-price","tag-solana-recovery","tag-solusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=9287"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/9287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/9288"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=9287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=9287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=9287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}