As the crypto market sees renewed volatility, Solana (SOL) has fallen to a 22-day low of $156, slipping below its crucial $160 support. This level had held strong since early May, but Friday’s red candle puts the altcoin’s $200 breakout in jeopardy.
🔍 Multi-Week Low Signals Caution
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SOL dropped 6% on the daily chart, following Bitcoin and Ethereum’s pullbacks.
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This marks the first time Solana has lost the $164–$180 price range since the May 8 breakout.
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The decline comes just a week after SOL reached a 3-month high of $187.
📊 Analyst Views: Bearish vs Bullish Sentiment
❌ Crypto Bullet’s Bearish Outlook
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Solana may underperform for the rest of 2025, according to analyst Crypto Bullet.
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The SOL/ETH trading pair broke below the 0.069 ETH level, forming a bearish pattern.
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Prediction: Ethereum may outpace Solana in the coming months.
✅ Rekt Capital’s Bullish Framework
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Solana is attempting to hold its Range High resistance ($160–$175).
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The token re-entered its Post-Halving Re-Accumulation Range, signaling long-term potential.
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“SOL must maintain price stability to set up another run to $200+,” said Rekt Capital.
⚠️ What’s at Stake for Solana?
If Solana fails to hold its current range:
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A weekly close below $156 could trigger a pullback toward the $120–$135 support zone.
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This would undo weeks of bullish recovery momentum.
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However, consolidation above $160 could replicate the late-2024 breakout pattern.
📈 SOL Price Snapshot
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Current price: ~$159
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Weekly performance: -11.6%
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Critical levels:
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Resistance: $180
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Short-term support: $156
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Long-term support: $120–$135
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📌 Conclusion
Solana’s $200 rally is still in play — but only if it holds the current support zone. This weekend’s close will be a decisive moment for both short- and long-term bulls.
