Solana price is under a strong bearish takeover, with the SOL token now trading at $163. The SOL token has slumped recently from a high of $200 to the current trading value amid a broader market correction. Currently, the Solana price is slumping down with a massive red candle prominent on the daily price charts.

Experts suggest investing in an emerging AI-backed platform called Unilabs Finance. Some analysts call it a Solana slayer thanks to its unique features and explosive growth potential. As the SOL token nears the $160 mark, Unilabs stuns the analysts with a staggering presale raise of $11.7 million.

Solana Price Analysis: SOL Nears The $160 Mark!

Solana price continues its slumping trajectory with the SOL token currently trading at $163, down about 2.3% intraday, with recent highs near $171 and lows near $161.43. SOL has fallen 8.5% over the past week but still shows an 18% gain over the last month.

The current Solana price is 44% lower than its January high of $294. The key drivers behind SOL’s slumping path include the market volatility, macro pressure, waning institutional interest, and rising selling pressure.

On August 1, U.S. tariff announcements caused a market-wide pullback. SOL dropped close to 9%, along with declines across Bitcoin, Ethereum, and XRP. At the time of writing, the Solana price is still under bearish pressure with a dominant red candle over the SOL daily charts.

The REX‑Osprey Solana + Staking ETF (SSK) launched on Cboe, offering U.S. investors SOL exposure along with staking returns (7.3%). It gained $20M in volume on launch day, though adoption may remain muted. Bitget analysts see institutional momentum potentially pushing SOL toward $300 by end‑2025 if favorable conditions persist. 

Recent reports show a rise in long-term holders selling and a loss of new wallet creation, suggesting waning retail interest in the SOL token. Meanwhile, strong activity in SOL-based meme coins and signs of whale accumulation help support on-chain fundamentals. 

Technical analysis reveals $160–$162 as the support zones for the Solana price. The 

Key moving averages (100‑ & 200‑day EMAs) and a cluster of on‑chain holdings also align with this support range.

The Solana price is expected to dip to $145–$150, as this range could act as a liquidity magnet before a higher bounce. The RSI is neutral but near oversold, MACD shows fading bearish momentum; no clear divergence currently. 

Unilabs: AI-Powered Investing For The Next Generation DeFi Users!

Unilabs Finance (UNIL) is an emerging decentralized platform that would transform the way ordinary users access, analyze, and invest in digital assets. It is connected to the DeFi market, whose TVL skyrocketed to a three-year high of $153 billion in July after a long bearish period.

The platform empowers users with Wall Street-grade tools reserved for institutions. These tools allow investors to cite promising projects and make better decisions. Compared to MakerDAO, which primarily offers decentralized lending through DAI collateralization, Unilabs offers a broader investment experience. 

Unilabs allows dynamic exposure across markets, with AI constantly optimizing entries and exits. Another factor that sets Unilabs apart is its use of AI to manage four specialized fund strategies: BTC, DeFi, AI, and RWA. Also, its Early Access Scoring System (EASS) helps users to rank new projects based on potential for growth, allowing them to make better choices.

The platform has recently entered the 6th stage of its cryptocurrency ICO, where the value of UNIL rose to $0.0097. Having realized $11.7 million, analysts believe that UNIL may soar to $0.10 if the current adoption rate is maintained.

Key Takeaways

The Solana price struggles to break its resistance levels, while Unilabs’ surge shows the power of new DeFi tokens in the current market. Experts call Unilabs a SOL slayer, claiming that it could be the next big player in the crypto space, offering investors a promising alternative to recover their losses and a solid AUM backing.

Find out more about the Unilabs (UNIL) Presale Today:

Website: https://unilabs.finance/

Telegram: https://t.me/unilabsofficial