Solana Experiences a 13.89% Decrease in Value Over a Week, Facing Resistance at $210 as a Crucial Support Level is Re-tested Amid Bearish Market Control
Solana (SOL) Remains in Consolidation Phase, Showing Signs of Potential Recovery
Solana (SOL) is currently in a consolidation or correction phase, with the price hovering around the $160–$165 range following a strong rally in July 2025 that saw SOL reach highs of around $206.
This short-term correction comes after a sharp rally that propelled SOL above its horizontal resistance, reaching levels near $200 by mid-2024. Notably, the price has pulled back since then, but it has shown signs of holding key support zones.
Analysts suggest that if SOL maintains above roughly $160–$165, it could stabilize and potentially climb back toward the $172–$190 range in the near term. This optimistic outlook is driven by improved market sentiment, network activity, and broader crypto market conditions such as Bitcoin and Ethereum stability.
Technical support and potential entry points are of particular interest. The $136–$148 area is noted as a historically important demand zone where institutional buying may occur. A break below around $160, and especially below $136, could trigger a deeper pullback to support levels near $120–$144.
On-chain metrics like daily active addresses and DeFi total value locked (TVL) have declined recently, correlating with the price pullback and suggesting short-term weakness in network activity. However, a rebound in these metrics could fuel renewed upside.
For long-term trends, the outlook remains cautiously optimistic if Solana’s DeFi ecosystem continues growing and potential catalysts like ETF approvals materialize to drive demand. Reaching previous highs (~$205) and possibly testing higher resistance levels ($238–$258) is plausible if momentum returns and market conditions improve. However, failure to hold key supports may extend the bearish correction.
In summary, the current price action, technical support, and on-chain data point to a phase of uncertainty with critical support levels to watch, but room remains for both recovery and further correction depending on market dynamics. The long-term technical pattern of SOL remains reinforced, with the cryptocurrency continuing to follow the same upward path that has been established since early 2023, characterized by a consistent pattern of higher lows supported by an ascending trendline.
[1] CoinDesk. (2025). Solana Price Analysis: SOL Holds Above $160, Eyeing Near-Term Upside. [online] Available at: https://www.coindesk.com/market/2025/08/06/solana-price-analysis-sol-holds-above-160-eyeing-near-term-upsid/
[2] CoinTelegraph. (2025). Solana Price Analysis: SOL Consolidates Above $160, Is a Breakout Imminent? [online] Available at: https://cointelegraph.com/news/solana-price-analysis-sol-consolidates-above-160-is-a-breakout-imminent
[3] Investing.com. (2025). Solana Price Forecast: SOL Bullish as Market Sentiment Improves. [online] Available at: https://www.investing.com/news/cryptocurrency-news/solana-price-forecast-sol-bullish-as-market-sentiment-improves-2754977
- As the crypto market stabilizes, emerging trends suggest that gadget manufacturers may soon integrate Solana's technology into their devices, tapping into the versatility and speed of this cryptocurrency.
- The growth of Solana's DeFi ecosystem and the potential approval of ETFs could lead to a surge in demand, catapulting the crypto into the realm of cutting-edge technology alongside other gadget-integrated cryptocurrencies.
