Solana News Today: Solana price falls below $200 as bearish signals intensify

Solana’s price dropped below $200 following a sharp rejection at $213, marking a key inflection point for the cryptocurrency. The decline came after a brief rebound from a prior low of $175, pushing the price down to the $195–$198 support level. Technical indicators, including the MACD and RSI, suggest a bearish bias, with a deeper retracement likely before the asset can attempt to reclaim previous highs. The 4-hour chart shows a bearish crossover, while the RSI continues to trend downward into bearish territory [1].

Despite the short-term bearish signals, on-chain data reveals mixed sentiment. Coinglass derivatives data indicates a slight bearish bias in the short-term position ratio, with more short positions open in the last 24 hours. However, top traders on platforms like Binance remain overwhelmingly long, with a ratio of nearly 3:1 in favor of long positions. This suggests that seasoned traders view the current pullback as a buying opportunity rather than a sign of a broader trend reversal [2].

Trading volume surged over 100% in the past 24 hours, signaling potential buyer interest. If key support levels such as $195–$198 hold, the price could stabilize and retest the $210–$213 range. A successful defense of $198 would be critical for bulls, as it represents both a psychological level and a technical floor. Below this, support at $190–$192 and then $185 could serve as further lines of defense [1].

On the bullish side, the price has since stabilized near $203–$205, with buyers successfully defending the $200 level. The 20-EMA remains at $200.7, providing near-term support, while the 50-EMA at $194.0 and the 100-EMA at $189.0 continue to offer structural guidance. If the price remains above $200 and the 20-EMA, bullish momentum is likely to persist [2].

A key target for bulls is the $209–$215 resistance band, which has repeatedly capped advances in recent weeks. A decisive 4-hour close above $215 could break the compression and open the path to $220–$223, with $228–$230 as the next potential target. A daily close above $230 would be necessary to extend the rally toward $235–$240. Conversely, a failure to defend $200 could expose further downside levels, including $196–$198 and the 50-EMA near $193 [2].

Fundamentally, Solana continues to benefit from key developments within its DeFi ecosystem. Raydium’s recent buyback of $196.3 million, which retired 26.4% of circulating RAY tokens, reflects growing confidence in the Solana network. This buyback, funded from a 12% share of trading fees, highlights a maturing DeFi model and reinforces the network’s throughput and scalability advantages [2].

Institutional interest has also shown signs of growth. Galaxy, Jump, and Multicoin reportedly joined forces to buy $1 billion worth of Solana, signaling confidence in its long-term potential. On spot exchanges, net outflows have turned constructive, with data from August 25 showing a net outflow of negative $52.8 million as the price hovered near $203.6. This suggests that accumulation is occurring during pullbacks, potentially strengthening rebounds [2].

Looking ahead, the base case for Solana remains consolidation between $198 and $215. A firm close above $215 with strong volume and supportive exchange flows would validate a continuation of the bullish trend. A failure to defend $200, however, could tilt momentum back to sellers and expose lower support levels. Analysts remain divided on the short-term outlook. Some suggest that a pullback toward $187 could serve as a sustainable base for a recovery, while others argue that holding above $200 could trigger a rally toward $250 [6][5].

Longer-term, a V-shaped recovery has been observed since late 2025, with some experts suggesting that Solana could reach $500 before 2026. A recovery above $200 by early September could also trigger a rally toward $300, depending on broader market conditions and macroeconomic factors [7][3].

Source:

[1] Solana price plunges below $200 — will it recover?, https://crypto.news/solana-price-plunges-below-200-will-it-recover/

[2] Solana price steadies above $200 as bulls eye breakout, https://tradersunion.com/news/cryptocurrency-news/show/458076-solana-price-bulls-eye-breakout/

[3] Solana Price Still Eyeing $500 Before 2026, But Experts ..., https://www.barchart.com/story/news/34358448/solana-price-still-eyeing-500-before-2026-but-experts-say-this-penny-token-could-soar-over-100x-to-6-before

[5] Solana Aims for $250 Rally as Investors Watch Snorter ..., https://www.mitrade.com/au/insights/news/live-news/article-3-1066014-20250825

[6] Solana Price Holds $194 With Pullback Toward $187 in ..., https://www.bitget.com/news/detail/12560604927628

[7] Solana Price Prediction: SOL May See $300 Before Year ..., https://www.mitrade.com/insights/news/live-news/article-3-1064243-20250824

[8] Galaxy, Jump and Multicoin team up to buy $1b Solana, https://crypto.news/galaxy-jump-and-multicoin-team-up-to-buy-1b-solana/