Since July 9, Solana bulls have repeatedly failed to push above the $80 resistance level. Despite resilient network usage and growing stablecoin liquidity, price action has been bearish since April 2025. The rally to $253 was only a retracement phase before Bitcoin entered its bear market. On July 31, the price fell below the local support at $73.4, and August targets are set at $64.1 and $60.1. A heavy Bitcoin selloff could push Solana toward or below $50.
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