Solana's price is around $202 today, down over 3% for the day. It failed to hold the resistance level between $213 and $215. Since July, SOL has been on a strong upward trend, when the price was around $147, but now it seems that the upward momentum is weakening, with signs indicating a pullback in the short term. The first test point is $200, which is the intersection of the short-term moving average and the middle of the channel.
Solana price forecast table: August 26, 2025
What is the price of Solana?
SOL is in a parallel ascending channel on the daily chart. This channel has supported price increases since April. The recent rise to $215 is a weak high in the Smart Money Concept, followed by a quick drop back to $202. The internal structure of the channel still looks bullish, but short-term supply above $215 has slowed the rate of ascent.
The volume curve shows that the $188 to $190 area is the last strong accumulation bottom. The $147 area remains an important support level below this range. The positive side is that a breakout above $215 will lead to supply resistance at $230 to $240, which is near the $273 level that broke in February.
Why did the price of Solana drop today?
Technical rejections and negative cash flow in the spot market are two reasons for Solana's price drop today. On August 25, Coinglass data showed a net outflow of $57.15 million, indicating that investors reduced their investments after the price rose to $215. This aligns with the rejection at the top of the channel, confirming profit-taking pressure.
The 30-minute chart shows that SOL has fallen below its intraday volume-weighted average price (VWAP) near $208, indicating a weakening of buying pressure during the session. The RSI has also significantly retreated from an overbought state earlier this week to 39. These changes reflect that bullish momentum has clearly paused after reaching new highs consecutively.
Indicators, signals, and patterns (24 hours)
The 4-hour chart shows that SOL is approaching the Bollinger Bands midline near $200. If it holds this position, it will stabilize the price trend; if it closes below this level, it may drop towards the Bollinger Bands lower band at $183. The EMA indicators are closely aligned: the 20-day EMA is at $200, the 50-day EMA is at $194, the 100-day EMA is at $189, and the 200-day EMA is at $183. In the short term, whether SOL can hold above the 20-day EMA or face the risk of falling back to the $188 to $190 support level.
The Super Trend indicator has turned bullish, sitting at $193.5, which remains the direct support level for buyers. Meanwhile, the DMI shows a decline in +DI and a rise in -DI, with the ADX above 29, confirming that as volatility expands, the momentum for sellers is strengthening.
On the daily chart of Smart Money Concepts, the recent rise to $215 is seen as a weak high. Unless SOL reclaims this level, the trend will likely lean towards consolidation or a pullback within the ascending channel.
SOL Price Prediction: Short-term Outlook (24 hours)
The short-term outlook for Solana's price today requires caution. If it can hold above $200, buyers may attempt to break through $208 and $213 again. A breakout above $215 will reopen targets at $230 and $240. On the downside, if it fails to hold above $200, it could drop to $193, then to $188. If it falls below $188, it may drop to $175, which is the intersection of the lower boundary of the channel and the long-term EMA.
Given the negative net inflow, cooling RSI, and $215 resistance level, the price is inclined towards short-term consolidation. Bulls must hold the support level at $200 to avoid further pullback.
