Today's 1-hour candlestick chart of Solana (SOL) resembles a micro battlefield of the bulls and bears, with each candlestick telling the story of capital emotion and market undercurrents. As of August 27, 2025, 18:20, the SOL price is fluctuating around $204, with an increase of over 8% in 24 hours, but the intense fluctuations and divergence of key indicators are laying the groundwork for future market movements.

Price fluctuation: the 'false breakout' trap under high volatility.

Today's SOL price movement can be described as a 'roller coaster'—the price surged to $213.66 in the morning, reaching an intraday high, but then quickly fell back to around $204, forming a candlestick with a long upper shadow. This pattern is known as a 'shooting star' in the community and often indicates heavy selling pressure above. Coupled with recent data, SOL has made three unsuccessful attempts to break through around $207, forming a clear pressure zone.
Personal opinion: This 'false breakout' phenomenon is essentially the main capital using market sentiment to entice buying and then offloading. For example, SOL spiked to $209.24 on August 25 due to news about the 'Play Solana Game Console PSG1 shipping,' but then quickly fell back due to a lack of substantial positive support. Today's spike may be related to the short-term hype surrounding 'Bedrock Token BR launching on Solana,' but the enthusiasm for ecological projects often struggles to sustain upward momentum for the main chain token.

Technical indicators: is the bull 'at the end of its strong pull'?

From the BOLL indicator of the 1-hour candlestick, the middle band is at $201, the upper band at $207, and the lower band at $195. The current price is running close to the middle band, and the BOLL opening has narrowed to $4.2 (15% smaller than yesterday), indicating a decrease in market volatility, with a directional choice imminent.
The MACD indicator is even more concerning: the DIF line (yellow line) and the DEA line (white line) are forming a 'uniform decline' above the zero axis, and the histogram has turned from red to green, showing a decline in bullish momentum. Although it is still in a bullish market, if the DIF line falls below the DEA line to form a death cross, SOL may face a deep correction.
Case support: On August 23, SOL spiked due to the news that 'Gemini launched ETH and SOL staking services,' but the MACD indicator simultaneously showed a peak divergence (price reached a new high, but the indicator did not). Subsequently, within three days, it plummeted by 12%. Today's weak MACD signal resonates with historical trends.

Trading volume: decreased volume during the rise, posing significant risks.

Today's SOL trading volume shows characteristics of 'increased volume in the early period, then decreased volume later.' During the early morning surge, the 1-hour trading volume reached 45.67 million coins (approximately $936 million), but then the 4-hour trading volume sharply dropped below 28 million coins, shrinking by 40% from the peak. This 'volume-price divergence' phenomenon is known as 'decreased volume during an increase' in the community, usually indicating insufficient upward momentum.
Personal opinion: the essence of decreased volume is the exhaustion of buying. Combined with on-chain data, SOL's whale addresses (holding over 100,000 SOL) net flowed out 12 million coins on August 26, indicating that large funds are reducing their positions at highs. If subsequent trading volume cannot break through the $900 million mark, SOL may replicate the trend of August 20—on that day, the price surged to $198 due to 'Solayer launching the cross-chain bridge sBridge,' but due to insufficient volume, it plummeted to $176 the next day.

Key level battle: the 'death line' at $207 and $201.

The current bullish-bearish dividing line for SOL is extremely clear:

Resistance level at $207: this is not only the BOLL upper band but also a dense area of highs on August 25, 26, and 27. If it can effectively break through, SOL may challenge the $213 resistance (a historical dense transaction area) and even replicate the 15% surge on August 10. Support level at $201: this position overlaps with the BOLL middle band and the 4-hour candlestick support area, also serving as the last 'lifeline' for the bulls. If it falls below, SOL may drop to $195 (BOLL lower band), potentially triggering a technical sell-off.
Case warning: On August 15, SOL spiked to $205 due to the news that 'Nasdaq-listed company Metalpha deployed Bitcoin liquidity,' but failed to break through the $207 resistance level, plummeting to $186 the next day, a drop of over 9%. History does not simply repeat itself, but it often follows the same rhythm.

The 'hunter's rule' in a volatile market.

Today's SOL market is essentially a battle between 'short-term news stimuli' and 'long-term technical pressure.' For ordinary investors, the survival rules in a volatile market are 'do not chase highs, do not panic sell, and focus on key levels.' If SOL can break through $207 with substantial volume in the next 24 hours, it can be considered a strong short-term signal; if it falls below $201 with increased trading volume, one should be wary of deep correction risks.

Finally, a question: do you think SOL is building up for a breakout, or is it about to enter a correction? Feel free to leave your opinion in the comments section, and let's witness the conclusion of this battle between bulls and bears together!


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