Solana (SOL) experienced an intraday drop of up to 3.5% this November 11, 2025. The price breached the vital technical support of $165, trading in a range of $163.33 to $164.30. The breakdown occurred with a noticeable increase in volume, which raises alarms about collateral and liquidity on the network. This drop puts the Solana ecosystem at risk of potential cascading liquidations.
Selling pressure intensified significantly. Data from trading platforms shows that 24-hour trading volume surged. It reached approximately $5.8 billion. This figure is 58% above the usual average. This pattern of a price drop combined with high volume suggests strong conviction from sellers, and not just a passing market correction. During the session, the price retraced from $169.54 to $164.26, following several rejections at the $170.50 resistance.
Furthermore, Solana’s performance was weaker than the broader market. The token registered an additional relative pullback of 1.42% against major sector indices. This indicates selling pressure focused specifically on SOL. Although the Solana network is known for its unique architecture, combining Proof-of-Stake (PoS) and Proof-of-History (PoH) to achieve high speeds (up to 65,000 tps), it has faced stability issues in the past. This operational risk is once again a concern for investors.
Can Solana’s PoH technology sustain the price against selling pressure?
This volatility has direct implications for traders and DeFi protocols. The increased risk of slippage on large orders is imminent. Market makers might widen their spreads to manage the uncertainty. More importantly, the price drop increases pressure on leveraged positions that use SOL as collateral. This could force rebalancing or even liquidations, affecting the liquidity of the entire Solana ecosystem at risk.
Momentum indicators have visibly deteriorated. The immediate battle for buyers is being fought at the $163.50 support. If this level fails, the next psychological test lies at $160. Even though general market sentiment remains in “Greed,” this price action could accelerate short-term profit-taking. Investors are now monitoring the upcoming “Alpenglow” update, planned for Q1 2026. The success of this implementation will be key to restoring confidence and price recovery.
