August 2025 by Perplexity AI

Altcoins

Solana (SOL) has been facing renewed selling pressure, with its price currently trading around $163 and a market capitalization above $88 billion.

The token has slipped more than 14% over the past week after a strong July rally that briefly sent it over $200. While short-term sentiment has cooled, analysts remain divided on whether this is a healthy correction or the start of a deeper pullback.

Current Market Performance

SOL’s price action in early August reflects both a consolidation phase and uncertainty among traders. After hitting a high of $206 in July, the asset has fallen by over 25%, putting it back into what some analysts describe as a “high-interest” range. According to trader Autumn Riley, the $136–$148 area could represent a strategic buying zone for patient investors, as this range aligns with historical demand zones where institutional buyers have previously stepped in.

Analyst Expectations for August

Perplexity AI’s aggregated forecasts suggest that Solana may stabilize between $162 and $165 for much of August, with a moderate chance of climbing toward $172–$175 if momentum improves. Breaking through the $180–$185 resistance zone could reignite a push toward previous highs, but such a move would require a combination of positive macroeconomic factors, strong network activity, and increased institutional inflows.

On the other hand, failure to hold above $160 could open the door to a test of the $140 region—a scenario Riley notes could be favorable for “smart money” accumulation before a potential rebound. In a more bearish outcome, a breach of $136 could trigger a slide toward deeper support around $120.

Longer-Term Potential

While the short-term outlook appears cautious, longer-term projections remain optimistic. Some market strategists believe that if Solana’s network adoption accelerates and developer activity remains strong, the asset could reach $200–$300 by the end of 2025. More bullish targets suggest $500 is possible, though such levels would require exceptional growth in both user demand and broader market sentiment.

Technical Factors to Watch

Traders are closely watching Solana’s reaction within the current demand zone. A sustained bounce from this range could mark the beginning of a recovery phase, while further declines would confirm bearish control. Indicators like RSI and MACD remain in neutral territory, signaling room for movement in either direction depending on upcoming market catalysts.

Conclusion

For August 2025, Solana’s most probable trading range appears to be $160–$175, with occasional dips toward the $140 level offering potential entry points for long-term investors. The next major test will be whether SOL can break above $185 and sustain higher levels, which could shift the market narrative from consolidation to bullish continuation.

The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

Author

Alexander Stefanov

Reporter at Coindoo

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.