Solana (SOL) plummeted below $160 over the weekend, as selling pressure intensified significantly. The altcoin fell by 5.57% on Friday and nearly 3% on Saturday, closing at $158 before recovering and regaining $160 on Sunday.
SOL recorded a significant drop on Friday, July 25, reaching an intraday low of $175. However, it rebounded from this level to recover $180 and closed at $186, ultimately recording an increase of 2.13%. Price behavior was mixed over the weekend, with a drop of 0.99% on Saturday and an increase of 2% on Sunday, closing at $188. SOL reached an intraday high of $195 on Monday. However, it lost momentum after reaching this level and fell by more than 3%, to $183. Sellers maintained control on Tuesday, with a drop of 0.84%, to $181. SOL fell to an intraday low of $170 on Wednesday, before recovering and closing at $177, ultimately finishing with a drop of 2.06%.
Sellers maintained control on Thursday, when SOL fell by more than 3% and closed at $172. Selling pressure intensified on Friday, with a drop of 5.57%, falling below $170 and closing at $162, not before reaching an intraday low of $159. Bearish sentiment persisted on Saturday, with a drop of 2.57%, to $158. Despite the overwhelming selling pressure, SOL recovered on Sunday, rising by more than 2% to regain $160 and closing at $162. In the current session, SOL has risen by more than 1%, trading around $165.