The Solana market is trading cautiously after last week’s rejection near $200, with bulls trying to stabilize around the $180 handle. Price action shows compression, suggesting a decisive breakout is approaching.
What’s Happening With Solana’s Price?
The Solana price today is consolidating around $180.18 after recovering from an intraday low near $176. On the 2-hour chart, SOL remains within a descending parallel channel, struggling to break through the $184–$186 resistance cluster.
The Supertrend indicator sits overhead at $186.37, reinforcing this level as a key ceiling for bulls. Directional Movement Index (DMI) readings remain weak, with +DI (16.6) and -DI (15.2) showing limited trend strength, while ADX is flat around 17.8, signaling a lack of strong directional conviction. This confirms Solana’s sideways consolidation following the steep decline from its $212 peak earlier in August.
Why Is The Solana Price Going Down Today?
The main reason why Solana price going down today is persistent rejection near $186 and lack of volume support above this zone. On-chain spot flows show net inflows of $31.95M on August 20, but this has not been enough to offset overhead supply.
From a Smart Money perspective, the daily chart highlights a recent bearish CHoCH (Change of Character) around $200, with SOL now trading below liquidity clusters that previously served as support. Sellers remain active near $186–$192, aligning with the upper boundary of the descending channel.
Bollinger Bands on the 4-hour chart show compression between $172 and $195, pointing to reduced volatility. Price is trading just under the mid-band ($183.5) and remains below the EMA20 ($182.5) and EMA50 ($184.6), confirming short-term bearish bias.
Key Indicators Suggest Tight Range Ahead
The Fibonacci retracement drawn from the $295 peak to the $93 low shows SOL currently hovering around the 0.382 level ($170.79), which is a critical pivot zone. A decisive daily close below this mark would expose the 0.236 level at $141.4, while holding above could keep momentum alive for a retest of $211 (Fib 0.618).
The RSI on the daily timeframe sits at 51, suggesting neutral momentum, while the True Strength Index (TSI) is flat around 0.21, lacking a clear bullish or bearish crossover. Meanwhile, the Money Flow Index (MFI) is at 51, reflecting balanced liquidity inflows and outflows.
SOL Price Prediction: Short-Term Outlook (24H)
In the immediate term, Solana price action is likely to remain capped under $186 unless bulls reclaim this zone with volume confirmation. A clean breakout could trigger upside toward $195.4 and the broader $200 resistance, which marks a critical decision point for trend reversal.
On the downside, failure to sustain above $176 risks a drop toward $170.7, with deeper support sitting near $162. A channel breakdown could even extend losses toward $152 in extreme bearish conditions.
With indicators neutral and volatility compressing, the next 24 hours will likely see Solana trade in a tight range, with $176–$186 as the critical battle zone.
Solana Price Forecast Table: August 21, 2025
| Indicator/Zone | Level / Signal |
| Solana price today | $180.18 |
| Resistance 1 | $186.3 (Supertrend / Channel) |
| Resistance 2 | $195.4 |
| Support 1 | $176.0 |
| Support 2 | $170.7 (Fib 0.382) |
| EMA20 / EMA50 (4H) | $182.5 / $184.6 (Bearish stack) |
| RSI (Daily) | 51.1 (Neutral) |
| TSI (Daily) | 0.21 (Flat momentum) |
| MFI (Daily) | 51.2 (Balanced flows) |
| Spot Netflow (Aug 20) | +$31.95M (mild inflow) |
| Channel Bias (2H) | Bearish until >$186 |
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Source: https://coinedition.com/solana-sol-price-prediction-for-august-21-2025/