Solana (SOL) fell 4% in the last 24 hours, dropping from $178 to around $171 as broader market volatility weighed on altcoins.
What’s Driving the Decline?
The sudden dip follows a mild rebound earlier this week, but profit-taking and reduced volume across crypto majors triggered a localized selloff. Analysts note that resistance at $180 continues to cap upside momentum, while SOL failed to maintain its footing above key support at $175.
As of July 25, SOL is trading near $171, with intraday lows touching $169 before modest recovery.
Technical Snapshot
- 24H Change: -4.0%
- Volume Spike: 12% above weekly average
- Support Level: $168
- Resistance Level: $180
- Volatility: Elevated, with 6.1% range over 24 hours
What’s Next for SOL?
Despite the drop, long-term sentiment remains cautiously bullish due to Solana’s increasing DeFi and NFT ecosystem growth, alongside integration with projects like TON and Visa. However, traders are watching the $165–$168 zone closely—a break below could open room toward $155 short-term.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.