Solana News Today: Solana Bounces Near $210 Resistance Amid Bullish Technical Setup

Solana continues to hover near critical resistance levels as traders closely monitor the $210 threshold, a key price point that could determine the next phase of its bullish trajectory. Current trading activity shows Solana at $193.67, with the $210 level emerging as a focal point for potential breakout attempts. This level has historically acted as strong resistance, and breaking above it could set the stage for a significant upward move, with Fibonacci extensions projecting potential targets at $250, $310, and $360 [1].

The ascending triangle pattern formed since April, along with consistent higher lows, has reinforced buying interest during pullbacks. Analysts suggest that if Solana manages to overcome the $210 barrier, it could trigger a multi-stage bullish movement. However, failure to push through this level could result in a retest of the $175 support zone, offering a potential re-accumulation opportunity for traders [1].

Despite the bullish technical outlook, short-term uncertainty remains due to the U.S. Securities and Exchange Commission's (SEC) delayed decisions on two Solana ETF applications—those from Bitwise and 21Shares Core. Both rulings have now been pushed to October 16, 2025, which could impact institutional participation and broader market liquidity. While the technical indicators remain positive, the delay introduces an element of caution among traders who are watching for both price action and macroeconomic signals [1].

Recent price movements have shown Solana testing the $205 resistance multiple times, but each attempt has ended in rejection. This has reinforced the psychological significance of the $210 level and raised questions about the strength of current buying pressure. The most recent rally saw Solana briefly reach $201.81, marking its first close above the $200 level. However, the subsequent pullback has highlighted the presence of bearish forces in the $200–$210 range [1].

On the technical side, the MACD remains in positive territory, signaling ongoing bullish momentum, but its flattening suggests that buying interest may be waning. The RSI is currently at 52, indicating limited upside unless the $180 support level holds firm. Analysts, including Lark Davis, have noted that this zone has historically attracted strong buying interest, and a controlled test could pave the way for a renewed rally [1].

Volume and on-chain data also remain under close scrutiny. A notable spike in volume occurred during the recent attempt to push Solana toward $205, but the absence of a decisive close above this level indicates hesitation among buyers. This pattern has led some analysts to suggest that the current phase represents a consolidation period rather than a breakout [1].

Looking ahead, the 50-day EMA at $172.60 is seen as a potential support target if Solana experiences a breakdown. A successful rebound from the $180 level could lead to a retest of the $200 level and beyond. According to analyst forecasts, if Solana manages a clean breakout above $220, it could potentially head toward $250 by the end of the summer [4]. However, these projections remain speculative and depend on the ability to maintain key support levels [4].

Analysts remain cautiously optimistic, emphasizing that the overall bullish structure remains intact as long as the uptrend continues to form higher lows since July. A breakdown below $180, however, could lead to further downward pressure and test the strength of the current rally. Traders are advised to closely monitor both price action and volume for signs of renewed buying interest.

Source: [1] AInvest (https://www.ainvest.com/news/solana-news-today-solana-stalls-205-resistance-eyes-180-support-bounce-2508/)

[2] Mitrade (https://www.mitrade.com/insights/news/live-news/article-3-1036758-20250814)

[3] Cointelegraph (https://cointelegraph.com/news/price-predictions-8-15-btc-eth-xrp-bnb-sol-doge-ada-link-hype-xlm)

[4] Bitget (https://www.bitget.com/price/solana/price-prediction)