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Solana Price Breaks Below $165: ETF Hype Fades, Fed Fuels Decline

Solana Price Breaks Below $165: ETF Hype Fades, Fed Fuels Decline

CryptotickerCryptoticker2025/08/03 01:55
By:Cryptoticker

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

What to Watch Next for SOL

  • If $160 fails, expect a move toward $150 or even $142.
  • Bulls must reclaim $170, then $175.80 to regain structure.
  • A short-term bounce is likely due to oversold RSI, but it may be short-lived without macro improvement.

Watch if volume spikes on dips – this could signal smart money accumulation.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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