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