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Solana trades within a consolidation range as an analyst points out weakening momentum and warns the market could face additional downside pressure.
Solana ($SOL) changes hands near $83.16, posting a modest 0.24% daily gain as the market attempts to stabilize after several intraday swings. The chart shows $SOL slipping toward the $80 range during a period of stronger selling pressure. Buyers then step in near the session low, triggering a rebound that pushes the asset above $84.00 at its peak before easing slightly back toward the $83.20 area.
Performance data across broader timeframes still reflects the impact of earlier declines. Solana is down 0.61% over the last week, 5.03% over 30 days, and 37.67% across the past 90 days.
The longer-term trend shows deeper corrections, including a 61.76% decline over 180 days and a 39.34% drop in the past year. Will this renewed buying pressure be enough to push Solana toward a stronger recovery?
Solana Price Analysis
On the weekly chart, Solana has begun stabilizing, following a prolonged decline from higher levels earlier in late 2025. Price currently sits close to the lower boundary of the Donchian Channel, with the lower band around $67.70, the midline near $136.49, and the upper boundary close to $205.29.
Holding above the lower band suggests the market is attempting to defend a major support zone after the recent downward move. However, the large distance between the current price and the midline indicates that $SOL remains well below its broader trend midpoint, highlighting the scale of the recent correction.
Momentum signals from the Awesome Oscillator also reflect persistent bearish pressure. The histogram remains in negative territory near -71, with several consecutive red bars indicating that downside momentum continues to dominate the weekly structure.
While selling pressure may be gradually slowing, bulls would need to push $SOL back toward the $136 region, which aligns with the Donchian midline, to confirm stronger recovery momentum.
Until then, the current structure suggests that Solana is consolidating near support while the market assesses whether the recent decline is nearing exhaustion or preparing for another leg lower.
Brief Solana Downside Before Surge?
Notably, in a social media commentary, crypto analyst Crypto Tony recently noted that Solana is currently trading around the mid-range of its recent consolidation zone on the 4-hour chart. The price fluctuates near $82, positioned between a support area close to $76–$77 and resistance near $94.
According to the analyst, the market could still see additional downside movement before any meaningful recovery develops.