After peaking near $206 in July, Solana (SOL) has slipped back to around $160, down over 20% from recent highs.
đť Why the Drop?
⢠Over $17M in whale sell-offs
⢠Nearly $635M liquidated across the market
⢠DeFi activity on Solana slowing (TVL and active users down)
⢠Broader crypto market under pressure from U.S. tariffs & macro fears
đ Key Levels to Watch:
⢠Support: $170â$175
⢠Resistance: $185â$200
⢠Breakdown below $150 could signal deeper correction
𧪠Catalysts Ahead:
⢠August upgrades (Firedancer, Phylax) may revive momentum
⢠Possible altcoin ETF approval later in 2025 could be huge
⢠If on-chain activity recovers, bulls may re-target the $200+ zone
đ Whatâs your take on $SOL right now?
đŹ Accumulating the dip or waiting for confirmation?
SOLUSDT
Perp
121.78
+1.84%
AVAXUSDT
Perp
11.04
-0.67%