Solana (SOL) fell for 10 consecutive months, will the downtrend end in August?

▲ Solana (SOL)/AI-generated image ©

Market attention is focused on whether Solana (SOL), which has recorded a continuous decline for the past 10 months, can ease bearish pressure through price adjustments in August.

According to crypto media outlet Finbold on August 6 (local time), its own AI agent analysis predicted that the SOL price would reach $72.03 by August 31. Considering that Solana is currently trading at approximately $73.93, this suggests a potential further decline of about 2.58% by the end of this month.

This prediction was derived based on two large language models (LLMs), Deepseek Chat and Gemini 3.5 Flash. Additionally, technical indicators such as the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) analyses were utilized. Specifically, Deepseek Chat suggested a 1.87% drop to $72.55 over the next 25 days, while Gemini 3.5 Flash predicted a retest of the $71.50 support level, representing a 3.22% decline.

The relatively modest decline in Solana's price for August, as predicted by the AI analysis tool, is attributed to strong on-chain fundamentals. According to Blockworks data, Solana's blockchain recorded 1,012,266,009 weekly transactions between July 27 and August 2, setting an all-time high.

The surge in tokenized real-world asset transaction volume also contributed to network activation. In July, the volume of tokenized stock transactions on the Solana network approached nearly $1.45 billion. If Solana's mainstream adoption continues to gain momentum in the coming weeks, the prediction of reduced selling pressure is likely to materialize.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*