Solana Price Prediction: SOL Market Weakens Despite Rising Open Interest Ahead of November

• Solana struggles below key EMAs as bearish momentum deepens across all timeframes
• Rising open interest signals mounting leverage and potential volatility breakout ahead
• Continuous outflows highlight fading investor confidence and shifting market sentiment

Solana (SOL) continues to face heavy downside pressure as it fails to maintain key support levels. The recent price slide from October’s highs near $238 to the $160 range signals sustained weakness across both spot and derivatives markets. 

Analysts note that the short-term trend remains bearish as the token struggles below its crucial exponential moving averages (EMAs), pointing toward further potential declines unless buyers reclaim higher resistance zones.

Bearish Trend and Key Resistance Levels

The 4-hour chart shows Solana trading well below its 20, 50, 100, and 200-period EMAs, all stacked downward c…

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