Is a $75 Correction in Solana (SOL) a Buying Opportunity Before the Next Bull Run?

The crypto market in November 2025 is a battlefield of extremes. Solana (SOL), once a paragon of innovation and scalability, has seen its price plummet by 33% in a month, testing critical support levels and sparking debates about its long-term viability. Yet, for patient investors, this volatility may present a unique opportunity. By dissecting Solana's technical structure, Fibonacci retracements, and the dislocation between its price and fundamentals, we can assess whether a $75 correction could serve as a catalyst for the next bull run.

Technical Analysis: A Tale of Two Scenarios

Solana's price action in November 2025 reveals a complex interplay of bullish and bearish signals. On the 4-hour chart, the asset has tested the 0 Fibonacci retracement level at $128.78, a key support zone that has historically acted as a floor for rebounds according to analysis. A successful hold above this level could trigger a rally toward $145.25 (0.382 retracement) and eventually $155.42 (0.618 retracement) according to technical analysis. However, the broader daily chart tells a different story: Solana has dropped below $165, with critical support now at $163.50 after breaking below $165. This has created a bearish bias, with lower highs at $170.48 and $171.92 acting as overhead resistance according to market data.

A W-pattern has emerged on the daily timeframe, with the neckline recently breached and now being tested as support according to technical indicators. This structure, combined with confluence from the 0.786 Fibonacci retracement, an ascending trendline, and the bottom of a descending channel, has created a high-probability reversal zone. The RSI breaking through its descending trendline further reinforces this breakout signal according to analysis. If these levels hold, Solana could establish a higher low, a precursor to a move toward new all-time highs.

However, the risk of a deeper correction looms. If Solana fails to hold above $120–$122, the next targets could be $112, $105, and even $75 in extreme scenarios according to price analysis. This aligns with Crypto Patel's two-stage price scenario, which posits a breakdown below $120 could lead to a steep correction to $75, followed by a potential rally toward $500 once the lower range is cleared according to analyst warnings.

Fibonacci Retracements and the $75 Threshold

Fibonacci retracement levels are critical in understanding Solana's potential path. The 0.618 level at $121.86 and the 0.786 level at $130 have both acted as historical support zones according to market analysis. A failure to hold above $120 would expose the $115 and $50 support levels, with $75 becoming a plausible target if bearish momentum intensifies according to technical analysis.

The double-bottom pattern near $121–$122 also suggests short-term buying interest, though this remains unconfirmed according to price analysis. A bullish divergence in the RSI and the formation of a double-bottom structure indicate that buyers may step in if the price consolidates above $118–$120 according to technical analysis. However, institutional activity and fundamental catalysts-such as potential approval of a Solana spot ETF-could reinforce the long-term bullish outlook according to market updates.

Dislocation Between Price and Fundamentals

Despite the bearish price action, Solana's fundamentals remain robust. The network's daily active addresses and transaction volumes have stayed elevated, with total value locked (TVL) in DeFi protocols exceeding $5 billion according to market data. Institutional partnerships, including SOL Strategies' selection as a staking provider for the VanEck Solana ETF, highlight growing trust in the ecosystem according to press release.

Moreover, Solana's lending markets have seen TVL surge to $3.6 billion as of December 2025, up 33% year-over-year according to market analysis. Protocols like Kamino and Jito Labs are driving innovation in liquid staking and institutional-grade DeFi strategies, enhancing liquidity and yield generation. These fundamentals suggest that the current price dislocation-driven by macroeconomic shocks like Trump's trade tariffs and broader market fear-is overdone according to market analysis.

Strategic Case for Patient Investors

For long-term investors, the key question is whether the $75 level represents a buying opportunity or a trap. Historically, deep corrections in high-growth assets often precede explosive recoveries, especially when fundamentals remain intact. Solana's high throughput (65,000 TPS), low fees, and institutional adoption position it as a viable settlement layer for the future according to price outlook.

However, caution is warranted. A breakdown below $120 would invalidate the bullish case for now, opening the door to further downside. Investors should monitor on-chain accumulation by long-term holders and institutional inflows into Solana ETFs as signals of potential stabilization according to market data.

Conclusion: A Calculated Bet on Resilience

Solana's technical structure and fundamentals paint a nuanced picture. While the $75 correction is a real risk, it could also serve as a catalyst for a multi-year bull run if the asset holds key support levels. For patient investors, the strategy should be to wait for confirmation of a bottom-whether through a rebound above $120 or a successful test of the $75 level with strong buying volume.

In a market defined by extremes, Solana's ability to balance innovation with institutional adoption may yet prove its mettle. As the saying goes, "The best time to plant a tree was 20 years ago. The second-best time is now."