Solana News Today: Solana Price Falls to $185 Amid Profit-Taking and Key Resistance Breakdown

Solana’s price has retreated to approximately $185 following a brief surge above $205 in early August 2025, reflecting the altcoin’s susceptibility to broader market sentiment and key technical levels [1]. The recent correction has brought the price back to levels seen at the beginning of the week, despite a short-lived seven-day rally that pushed the asset above $200 [1]. Analysts attribute this pullback to a combination of profit-taking and the failure to maintain momentum above critical resistance points.

On-chain analyst Burak Kesmeci has pointed to the $188 level as a key technical hurdle for Solana, identified as the Value Area High (VAH) on the Fixed Range Volume Profile (FRVP) indicator [1]. This level, representing the upper boundary of a price range where 70% of volume has been traded, has served as a resistance zone. The altcoin’s inability to sustain price above this level has reinforced bearish sentiment in the short term [1]. Kesmeci also highlighted the $150 level as a crucial support area, noting that as long as the price remains above this threshold, the long-term bullish trend could remain intact [1].

In addition, a secondary support zone between $170 and $179 has been identified as a potential cushion for further price corrections [1]. Although Solana has experienced a nearly 5% drop in the past 24 hours, it has managed to maintain a weekly gain of over 4%, according to CoinGecko data [1]. This mixed performance suggests that while the near-term outlook is bearish, the broader weekly trend has not yet turned decisively negative.

Further analysis of the market environment reveals a decline in trading volume during the recent rally past $200, indicating that many traders were locking in profits rather than committing to new positions [3]. On-chain data also shows $15.18 million in exchange inflows, suggesting heightened activity among both retail and institutional investors amid the recent volatility [3].

The price action underscores the challenges Solana faces in sustaining momentum amid broader crypto market uncertainty. Analysts remain cautious, emphasizing the importance of monitoring the $188 and $150 levels as critical indicators of whether the bearish correction will continue or if a new bullish phase might emerge [1].

Source:

[1] Solana Price Drops To $185 — Here's Why The Momentum Didn’t Last (https://www.mitrade.com/insights/news/live-news/article-3-1045441-20250816)

[2] Solana Trade Ideas — COINBASE:SOLUSD (https://www.tradingview.com/symbols/SOLUSD/ideas/?sort=recent&video=yes)

[3] Solana's Recent Rally and What's Driving It (https://cryptorank.io/ru/news/feed/7b721-solanas-recent-rally-and-whats-driving-it)