Why Did Solana Price Crash?
Solana’s strong run in July—fueled by ETF rumors—ran out of steam. Without confirmation, and following the Fed’s decision to pause rate changes, SOL saw a wave of selling. Combined with Bitcoin’s decline, Solana lost over 6.6% on the week and broke below $165.
SOL Coin Chart Breakdown
SOL/USD 4-hours chart – TradingView
- SOL broke $175.8 and $170 support, now trading near $163.73
- Next critical level: $160, psychological and technical
- RSI is deeply oversold at 22.87, flashing bounce potential
- 9 and 21 EMAs are clearly trending lower → full downtrend confirmation
Source: https://cryptoticker.io/en/solana-price-breaks-165-etf-hype-fades-fed-impact/