Solana (SOL) Plunges 25% From $206 Peak as Bears Take Control – Buy the Dip or Brace for More?
Solana's rally hits a wall as SOL gets mauled by market forces.
Blood in the streets? The 'Ethereum killer' just bled out a quarter of its value since its recent high—traders scrambling as support levels crack.
Technical breakdown: SOL's chart now looks like a skydiver without a parachute. Those who bought the top are nursing a 25% haircut (and probably questioning their life choices).
Market psychology flip: Greed fades to fear as liquidations pile up. Even the 'number go up' brigade pauses their moon-math when BTC dominance flexes.
Silver lining? Crypto winters build stronger protocols—or at least that's what bagholders tell themselves between sobs. Meanwhile, Wall Street 'experts' still can't tell a blockchain from a Excel spreadsheet.
- Solana (SOL) drops over 25% from the July peak of $206, now trading around $162 amid profit-taking and weak sentiment.
- Key support zones identified at $160, $140–$136, and $120, with reaccumulation interest spotted near $136–$148.
- Short-term targets lie between $172–$175, though strong resistance at $180–$185 may cap gains unless bullish catalysts emerge.
Solana (SOL), the LAYER 1 flagship blockchain coin, finds itself once again under the influence of bears after a dramatic tumble following its exhilarating July bull run. Trading at $162 currently, SOL has lost over 15% over the previous week, leaving its market cap at approximately $90 billion.
In July 2025, solana peaked at $200, reaching a local high of $206, on the back of increased developer demand and new institutional demand. But profit-taking and overall market indecision have erased most of the profits. The coin has lost over 25% of its peak, slipping back into analysts’ “value zone” where long-term wagers are placed.
Solana reaccumulation zone emerges between $136 and $148
From trader Autumn Riley’s perspective, the $136–$148 range might offer a viable reaccumulation point. “This area historically saw strong institutional buying interest,” Riley noted, potentially signaling a buy opportunity for long-term investors.
Combined models from Perplexity AI show that the SOL could settle into the $162–$165 range for most of August. A near-term rally into $172–$175 may develop if volume surges and sentiment turns positive.
Nevertheless, there is still resistance at $180–$185, and only a convergence of the right catalysts, such as favorable macro data or rising dApp usage, WOULD cause SOL to hit past highs.
If bearish momentum continues and SOL fails to support at $160, we should expect a drop to $140. Riley believes that at that point, there should be an accumulation of the smart money. A drop to $136, however, may stretch the pullback to $120, which is considered a strong support point.
Solana eyes return to 200 to 300 by the end of 2025
Despite near-term softness, the long-term fundamentals of Solana remain robust. Experts think that the asset might revisit the $200–$300 territory later in 2025, provided persistent growth of the network, developer engagement, and institutional flows continue.
Some optimistic predictions place SOL as high as over $500, but that depends on optimistic market conditions as well as greater overall cryptocurrency adoption.
Technically, SOL is currently oscillating around a demand spot. RSI and MACD indicators continue dwelling in neutral regions, indicating potential rebound or continued selloff pending macroeconomic catalysts, ETF action, or ecosystem announcement from Solana.
Key supports of Solana are $160, $140-$136, and $120. Resistances are at $175, $185, and above $200 if there’s a bull breakout. The institutional flows, macro trend, developer activity, and on-chain data will mainly dictate the price action.
