After peaking near $206 in July, Solana (SOL) has slipped back to around $160, down over 20% from recent highs.

đŸ”» 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

📊 Key Levels to Watch:

‱ Support: $170–$175

‱ Resistance: $185–$200

‱ Breakdown below $150 could signal deeper correction

đŸ§Ș 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

🔁 What’s your take on $SOL right now?

💬 Accumulating the dip or waiting for confirmation?

$SOL $AVAX

SOL
SOLUSDT
119.38
-2.05%
AVAX
AVAXUSDT
10.92
-1.66%