Technical analysis for Solana ๐๐โ
1. A quick snapshot of the current price
The current price ranges around $195.90, after hitting a daily high near $197.31 and a low at $185.93.
This performance indicates significant daily volatility.
2. Updated Technical Analysis
A. Technical Indicators
1. Investing.com (until July 30, 2025)
All moving averages (MA5 to MA200) suggest strong selling.
Most momentum indicators like RSI, MACD, CCI, and others โ also have a negative rating.
๐ This reflects current bearish pressure on SOL, possibly indicating a strong correction in the past period.
2. TipRanks (August 8, 2025)
General recommendation to buy.
Long-term moving averages (MA100 and MA200) give buy signals, while short-term averages are mixed.
RSI neutral (~47), and MACD negative but suggests a potential upward reversal.
3. altFINS โ Visual pattern analysis (until April 2025)
SOL is moving within a clear upward channel (Channel Up), showing a support base at $160 and strong resistance at $180.
The short and medium-term trend is upward, but the long-term trend remains negative.
4. CryptoAnalyst (Technical and Fundamental Analysis)
RSI at 65 (neutral at the buying border), and MACD positive โ upward momentum.
Technical support in the range of $160โ$140, and resistances at $180โ$200.
Significant movements from "whales" helped to stabilize the price.
B. A brief overview through recent news (Indiatimes)
TodayโAugust 26:
SOL stabilizes at around $198.09 with expectations of pushing the price towards $222 if it surpasses the $211 level.
YesterdayโAugust 25:
A potential correction to $150 is possible, while $196โ$200 is currently considered a key support area.
Potential upward targets range between $205, $225, $268, $309, and $362 according to Fibonacci levels and momentum expansion.
3. Comprehensive Technical Summary
Time Frame Current Technical Condition Major Support Levels Potential Resistance Levels
Short-term / Daily Change and volatility, support at ~ $196 $196โ$200 $205 โ $211 โ $222
Short-term Upward momentum, within an upward channel ~$160 $180
Medium-term Buy recommendations from TipRanks, support from moving average $160โ$140 $180โ$200
Correction risks Negative signals from Investing, strong support at $196 $185 โ $160 (in a pullback scenario) โ
4. Practical Recommendations
For short-term speculators: the price movement can currently be followed, with a stop-loss placed below the support level at $196, targeting the first resistance at $205โ$211, and if it breaks through โ opening the door towards $220โ$222.
For medium-term investors: the most important thing is the consistency of support at $160โ$160. An imminent correction period may provide opportunities for gradual buying with an expectation of narrowing range.
In a deeper collapse scenario: breaking the support level at $185โ$160 could push the price towards $140โ$150; attention should be paid to signs of price reversal readiness before entry.
