Solana Aims To Reach A Historic Highs Of $260

Solana (SOL) prices are rising but remain in a sideways pattern.

Solana price long-term prediction: bullish

On August 9, as Coinidol.com wrote previously, buyers pushed the price of the altcoin above the moving average lines, signalling the start of an uptrend. Now, if investors maintain their uptrend, the altcoin will reach historic highs of $260 and $295.

On the downside, a further decline is doubtful as buyers are holding the 21-day SMA support. Furthermore, Solana has resumed its uptrend but is struggling to break above the $210 level. At the time of writing, Solana is trading at $205.78.

Analysis of the Solana price indicator

The price bars on the daily chart are above the moving average lines, indicating that the cryptocurrency could be on its way up. On the 4-hour chart, the cryptocurrency is rising but is stuck between the moving averages. The cryptocurrency is expected to move in a range around its recent high.

Technical indicators

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  Key supply zones: $220, $240, $260

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  Key demand zones: $140, $120, $100

SOL/USD daily chart – August 31, 2025

What’s the next move for Solana?

Solana price is rising but have stalled below the $216 level. On the 4-hour chart, the altcoin is above the $200 support level but below the $210 mark.

The price of the cryptocurrency is currently trading above the 50-day SMA support but below the 21-day SMA barrier. The bullish ascent of the altcoin will start above the 21-day SMA barrier and the $210 high.

SOL/USD price 4-hour chart – August 31, 2025

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.