TLDR:
- Solana price rallied nearly 29% from $160 to $205 before correcting back to the $180 support level.
- The $160 zone formed a strong double bottom, confirming a solid base where buyers showed heavy demand.
- Current consolidation around $180 shows buyers stepping back, preventing a deeper slide toward $175 or $160.
- Holding $180 could push Solana back above $200, but failure risks a return to its earlier accumulation range.
Solana’s price has been moving with intensity, with traders watching every support and resistance flip. The crypto recently bounced from a strong accumulation base and made a sharp rally, only to face rejection at higher levels.
Now it sits around a key support level, where buying activity has reappeared. Market watchers say this stage could decide whether Solana makes another push higher or revisits its earlier lows. Both cautious and bullish traders are now eyeing the same levels.
Solana Price Rally and the $160 Double Bottom
According to analysis shared by BitGuru on X, Solana built strength at $160 after testing the zone twice. This double bottom acted as a launchpad, sparking a move from $160 to $205 in a matter of days.
The surge measured close to 29 percent, marking one of the stronger rallies among top crypto assets.
$SOL continues to display strong bullish structure after forming a double bottom near $160, which fueled a rally above $200.
Following rejection, price pulled back to the $180 support zone, where buyers are stepping in again. pic.twitter.com/o6UOy5EyPJ
— BitGuru
(@bitgu_ru) August 19, 2025
Once Solana cleared $200, however, resistance appeared fast. Sellers rejected further upside, forcing a retracement back toward $180.
Analysts pointed out that the correction looked healthy, with higher lows still intact on the chart. The structure suggested that bulls remained in control as long as $180 held firm.
Crypto data from CoinGecko showed Solana trading at $178.67 at press time, down 2.13 percent over 24 hours. Despite the short-term drop, the token recorded a weekly gain of 0.88 percent, keeping the broader bullish structure in play.
Crypto King, another market watcher, described the chart as “pure poetry,” noting that higher lows were confirmed. He argued that Solana was holding trend support cleanly, with potential upside back toward the $295 range highs if momentum continued.
The $SOL chart is pure poetry.
Perfect bounce from the uptrend support, higher lows confirmed.
No need to overthink. Targeting the range highs at $295. pic.twitter.com/PrLu4R1CXm
— Crypto King (@CryptoKing4Ever) August 19, 2025
Buyers Guard $180 as Solana Price Consolidates
BitGuru highlighted the $180 mark as an area where buyers were stepping in again. That zone is now acting as the pivot between recovery and another pullback.
If buying pressure sustains, analysts expect a move back toward the $195–200 range in the short term.
A break above $200 would open the way for continuation beyond $210, reinforcing the bullish structure. On the other hand, a failure at $180 risks sending price back to $175, with $160 once again in play as major support.
Traders are watching closely for confirmation before making directional bets.
Volume data shows heavy activity during the bounce from $160 and the rejection above $200. Current trading levels near $180 are quieter, signaling consolidation before the next decisive move. Market participants often view such pauses as setups for a larger swing.
The key takeaway from the current chart is straightforward. Solana’s bullish wave remains intact, but its next leg depends on defending $180. If that line holds, traders expect another test of the $200 barrier soon.
The post Solana Price Tests Key $180 Support as SOL Buyers Step Back In appeared first on Blockonomi.
Source: https://blockonomi.com/solana-price-tests-key-180-support-as-sol-buyers-step-back-in/