$SOL Solana (SOL) Price Analysis: Bears Push Price Toward Key Support

Date: August 12, 2025

Solana’s price faced heavy selling pressure today, with $SOL slipping after a brief attempt at a breakout. Earlier, the token surged to $186.80, sparking optimism among traders. But the rally was short-lived — sellers quickly took control, sending the price down to around $178, just above the 24-hour low of $177.83.

Whale Activity Signals Selling Pressure

On-chain data reveals significant whale movements:

Past 2 hours: Large wallets sold 146,000 SOL.

Past 24 hours: Net outflow of 162,000 SOL, indicating more selling than buying.

This profit-taking by major holders is a bearish sign for the short term, suggesting reduced institutional buying interest.

Technical Indicators Show Weak Momentum

RSI (15m & 1h): Below 30, signaling oversold conditions — but no recovery signal yet.

MACD: Bearish cross confirmed on all key timeframes, showing sellers still in control.

Moving Averages: Price remains under both the MA(5) and MA(10), keeping the short-term trend negative.

Price Scenarios for SOL

Bearish Outlook: Sustained selling could drive SOL toward the $176–$175 support zone.

Bullish Outlook: A rebound to $181–$183 is possible if buyers defend support with strong volume.

Breakdown Risk: If $175 fails, traders may consider stop-loss orders below $174 to limit downside.

Trading Insight

Oversold markets can bounce sharply, but in a bearish environment, these rallies often fade quickly. Traders should plan entry, exit, and stop-loss levels in advance to avoid emotional decisions.

Bottom Line: Solana is at a critical decision point. The next few hours — especially whale activity and volume — will determine whether SOL can reclaim $183 or face further losses.

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