Solana Drops 13.89% in a Week With Rejection At $210 As  Key Support Retests With Bears in Control

Solana fell 13.89% over seven days, dropping from $201.53 to $161.48 amid sustained selling pressure.

Price remains below a descending trendline, with $155–$165 acting as a critical support zone.

Long-term structure still shows higher lows since 2023, supported by an ascending trendline pattern.

Solana (SOL) has entered a period of intensified selling, shedding nearly 14% over the past week. Short-term price action reflects a clear downtrend, with failed rebounds and a breakdown below key levels. However, long-term indicators continue to trace a familiar bullish structure dating back to early 2023.

Current Price Action Revealed

As of press time, CoinMarketCap data reveals that Solana (SOL) has posted a 13.89% decline over the past seven days, falling to $161.48. The chart shows a steady downtrend beginning from a weekly high of $201.53. The price experienced several failed recovery attempts, with each bounce followed by a sharper drop.

Source: CoinMarketCap

Between July 27 and August 2, the downward pattern remained consistent. SOL showed brief spikes around July 28 and July 30, but none held momentum. The price declined further each time, forming lower highs and lower lows across the seven-day period.

The seven-day chart shows a clear and uninterrupted bearish structure. The decline gained pace after July 29, with the price falling below $170 and nearing $160. No significant reversal is visible on the short-term trend. The current market structure continues to favor sellers as SOL extends its seven-day losing streak.

Solana Faces Pressure as Price Drops Toward Key Support Zone

According to a recent analysis by Kamran on X, Solana’s price action in late July 2025 has shown renewed downside pressure following a sharp reversal from recent highs. After trading sideways during early July, SOL broke out of its narrow range and moved quickly toward $210. This rally, however, ended with a strong rejection and a steep decline.

Source: X

The price formed a sharp top before tumbling with a large bearish candle. A brief consolidation followed, but momentum remained weak. SOL continued falling under a clearly defined descending trendline, which has yet to break. Another bearish candle added to losses, driving the price near previous support.

A horizontal support area between $155 and $165 has come into focus. This zone acted as a base during early July trading. After the recent drop, the price tested this zone again. A small rebound occurred, but the price stayed beneath the descending trendline. The market continues to form lower highs and lower lows. The descending trendline holds, while $155–$165 remains the critical zone to watch.

Will This Historic Pattern Invite Bulls?

As the pressure continues, another observation by Galaxy reveals that Solana (SOL) has maintained its long-term bullish structure, with the price currently trading near $169. Since early 2023, SOL has formed a consistent pattern of higher lows supported by an ascending trendline

Source: X

After clearing the horizontal resistance, SOL rallied sharply, reaching levels near $200 by mid-2024. Throughout this rally, the price tested the ascending trendline multiple times. Each retest held firmly, confirming it as a reliable support zone. By late 2024, SOL entered another consolidation phase, this time between $110 and $200. This sideways movement mirrored the earlier setup observed when the price was at $22

Recent trading shows another bounce from this rising trendline, maintaining the structure of higher lows that has held since 2023. Current price behavior remains consistent with past accumulation cycles. SOL continues to follow the same upward path, reinforcing its long-term technical pattern while staying within the established support and resistance levels.