TLDR:
- SOl price trades at $169, down 6.6% in 24 hours, after breaking its $178 support zone.
- Reclaiming $178 could spark a recovery toward $234, $261, and possibly $300 if momentum builds.
- Failure to bounce may drag SOL into the $140–$160 range, where it consolidated earlier this year.
- Market volume will determine if Solana rebounds or faces prolonged weakness in early August.
Solana price sits at a critical point as this new month commences. After weeks of climbing, the token is losing ground fast. A key support level that traders watched for months has just given way.
Now, market participants are waiting to see if buyers will step up. The next few sessions could decide whether Solana rallies or falls even deeper.
Key Solana Price Level Retest in Play
CryptoPulse flagged the $178 level as the battleground for Solana’s price. That zone acted as heavy resistance before bulls pushed through it. Solana’s price has now dropped under it, turning what was support into a point of pressure.
Data from CoinGecko shows SOL trading at $169.28, down 6.61% in the past 24 hours. Over the last seven days, the token slipped 5.12%. This pullback is testing whether recent gains were real strength or just a temporary spike.
If buyers reclaim $178 quickly, Solana could recover its momentum. Fibonacci levels point to potential upside targets at $234, $261, and even $300 if volume returns. Analysts noted that this setup hinges on buyers showing strength at this critical zone.
So far, there is no major panic selling. That keeps the door open for a bounce, but time is running out. The longer SOL stays below $178, the weaker the bullish case looks.
⚠️ SOL at a Critical Decision Point ⚠️
After breaking above a major key level, SOL is now pulling back to retest the zone 🧠
This level has acted as resistance for months — now it’s being tested as support 👀✅ If the level holds strong, we could see momentum push SOL toward… pic.twitter.com/gO6xtz8s77
— CryptoPulse (@CryptoPulse_CRU) July 31, 2025
SOL Price Breakdown Could Widen Losses
If sellers hold control, Solana risks sliding further into the previous trading range. The next area of interest sits between $140 and $160, where the token consolidated earlier this year. Traders now watch closely for either a sharp recovery or a continuation lower.
CryptoPulse called this moment a “make-or-break” test for the altcoin. Market volume will play a big role in deciding which way it moves next.
Solana’s August outlook now depends on this retest. A fast bounce could shift sentiment and fuel a run toward higher targets. Failure to recover could lock SOL in a prolonged range, dragging prices back toward the mid-$100s.
The next few candles will tell the story. For now, traders remain cautious and ready for confirmation before taking big positions.
