$SOL Here is an updated analysis of Bitcoin (BTC) and Solana (SOL) performance as of August 18, 2025:
Bitcoin Analysis (Bitcoin – BTC)
Current Price: Around $115,116, with a noticeable decline from yesterday's peak, fluctuating between $118,519 and **$114,742** .$BTC
Prices have dropped approximately 2.2% over the past 24 hours and 5.4% over the week, after breaking an important support level at $118,800, leading to the liquidation of long positions by traders.
Technical analysis indicates the possibility of further decline towards the $112K range if the bearish momentum continues, while recovering the support level at $117.5K could help stabilize prices and possibly attempt to test resistance again at $123K–$127K.
DailyForex sees the market heading towards a "Risk-Off" behavior, and the decline could extend towards the 50-day moving average — near $115K — without a clear reversal in the short term.
Solana Analysis (Solana – SOL)
Current Price: Around $180.8, with a significant decline from levels close to $195, reflecting clear selling pressure.
Trading on the network has increased, and Solana achieved a record number of transactions per second (TPS), but that did not save it from selling pressure as the price broke a key support at $184 and fell below $182.
Technical patterns show the formation of a Double-Top (M shape) around the $202–$210 range, which reinforces the likelihood of a downward trend towards new support levels at $157, and possibly even $131.5 if the rebound attempts fail.
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