$SOL breaks the $180 mark after a 17% increase, as $1.4 billion in staking withdrawals triggered short-term speculation. Can the bulls aim for $202 next time?
Key notes
Solana stocks rose 17% over the week, exceeding the $180 mark for the first time since August 2025.
8 million SOL worth $1.4 billion were withdrawn from staking over 5 days, increasing the short-term supply in the market.
Technical indicators for SOLUSD show that the next major upper resistance is now at $202, with bullish momentum remaining above the 20-day moving average.
The price $SOL finally exceeded the $180 mark on Saturday, August 9, 2025, after several failed attempts since the beginning of the month.
A 17% increase over the past week coincided with the withdrawal of 8 million SOL from staking, indicating a shift of investors towards short-term speculative trades amid increased market optimism.
The volume of staking deposits fell from 408.04 million SOL on August 4 to 399.93 million SOL at the time of publication.
Solana Staking deposits as of August 9, 2025 | StakingRewards.com
At the current price of $180, the withdrawn SOL represents over $1.4 billion, newly reintroduced into active market supply. Although this liquidity increase likely helped push SOL above $180, it also carries potential short-term risks associated with oversupply that could accelerate a sharp pullback if current bullish sentiment weakens.
Solana price forecast: will the bulls reach the $202 mark?
Over the past three days, the price of Solana has risen by 14%, adding another 2% intraday on August 9 and reaching $182, the highest level since August 2025.
Technical indicators show that the daily candle closed above the 20-day moving average, which often signals a potential start of a new rally phase. If the bullish momentum persists, and interest in short-term bets, fueled by the withdrawal of $1.4 billion from staking, remains high, the price of SOL could reach the next important resistance level at $202, marked by the upper Bollinger Band.
For this optimistic forecast to be confirmed, SOL must record several consecutive daily closes above the 20-day moving average.
On the other hand, if market sentiment weakens, the recent oversupply may trigger a rapid sell-off. In that case, $SOL could quickly retreat to support levels around $165–$170 before attempting to break higher.