Solana News Today: Solana Hovers Near $178.72 Resistance Amid Mixed Analyst Forecasts

As of August 12, 2025, Solana (SOL) is navigating a mixed technical landscape, with multiple price forecasts emerging across key crypto analysis platforms. The current price of SOL stands at $178.3, having dipped 0.62% over the past 24 hours [1]. On the hourly chart, the price is approaching the key resistance level of $178.72; a successful breakout could push the price toward $180 [1]. However, on the daily timeframe, the price remains in a consolidation phase, with no clear dominance from either buyers or sellers as the price stays far from major support and resistance levels [1].

According to U.Today, if the daily bar closes near current levels or above, the market could see a continuation of sideways trading within the $175–$185 range for the foreseeable future [1]. A similar outlook is echoed by AInvest, which forecasts the price to remain between $171 and $180 for the next 24 hours, with a potential move toward $185.50 if the $180 level is broken with strong volume [5]. Bitget also projects a modest daily increase, estimating the price will reach $179.2 by August 12, $179.3 by August 16, and $179.42 by August 21 [4].

From a medium-term perspective, analysts highlight the importance of the $200 level. CoinGape reported that an Elliott wave pattern suggests the price could rise to $270, but this would require the price to overcome key psychological resistance levels at $200 and $240 [2]. TheChartArtist from CoinCentral noted that while the market is mixed, there remains potential for a rally, particularly if buyers regain control [3]. Similarly, MSN highlighted that Solana bulls are targeting the $200 level, with expectations of increased momentum as the month progresses [6].

Crypto Economy added that Solana is currently moving above a rising trend line and may reach $190–$195.55 in the short term, although profit-taking could delay this [7]. AInvest also mentioned that the upcoming Alpenglow upgrade is expected to reduce transaction finality and increase throughput to 10,000 transactions per second (TPS), positioning the network for potential growth [8]. Analysts tied this to a long-term price target of $350 by 2026, though such forecasts remain speculative [8].

While the near-term outlook remains balanced, the broader market sentiment leans cautiously optimistic, with several key resistance levels in sight. Investors are advised to monitor the $180, $200, and $240 thresholds, as these levels could define the short- to mid-term trajectory of the asset.

Sources:

[1] Solana (SOL) Price Prediction for August 12 (https://u.today/solana-sol-price-prediction-for-august-12)

[2] Analyst Predicts $270 Solana Price as DEX Volumes Soar (https://coingape.com/markets/analyst-predicts-270-solana-price-as-dex-volumes-soar-despite-whale-selling/)

[3] Will Solana Price Hit $270? Rising DEX Volumes Face (https://coincentral.com/will-solana-price-hit-270-rising-dex-volumes-face-whale-sell-off/)

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

[5] Solana News Today: Solana Hovers Near $174 as Key (https://www.ainvest.com/news/solana-news-today-solana-hovers-174-key-support-resistance-levels-define-term-outlook-2508/)

[6] Solana Price Prediction: SOL Bulls Chase $200 While (https://www.msn.com/en-us/money/markets/solana-price-prediction-sol-bulls-chase-200-while-remittix-prepares-for-a-massive-september-run/ar-AA1KmlNH)

[7] Solana Aims for $250 Breakout While XRP and Remittix (https://crypto-economy.com/solana-aims-for-250-breakout-while-xrp-and-remittix-drive-market-excitement-as-payment-leaders-with-30x-potential/)

[8] Solana Eyes $350 by 2026 as Alpenglow Upgrade Nears (https://www.ainvest.com/news/solana-news-today-solana-eyes-350-2026-alpenglow-upgrade-nears-remittix-hyped-25x-gainer-19-trillion-payments-push-2508/)