Solana News Today: Solana Price Falls 9.12% as Bearish Signals Intensify

Solana’s price has retreated below the $200 level, deepening bearish concerns as the asset faces a potential breakdown of key technical support levels. On Monday, the price fell by 9.12%, marking one of the largest net outflows of the year at $167.78 million according to CoinGlass data [1]. This outflow comes amid a growing risk of $176 million in long liquidations if the downward trend continues. The price currently sits at $188, forming a Doji pattern on the daily chart, signaling indecision among traders and a possible continuation of the bearish momentum [1].

The 50-day Exponential Moving Average (EMA) at $179 now serves as the next critical level to watch. If the price moves below this threshold, it could trigger further selling pressure and potentially test the 50-day EMA. The Relative Strength Index (RSI) stands at 51, hovering near neutrality, with a drop below this level likely to confirm a shift toward bearish dominance. Meanwhile, the MACD is approaching its signal line, hinting at a possible crossover that could act as a sell signal [1].

Looking at the broader market, Solana’s market capitalization is currently at approximately $102 billion [1], placing it as the sixth-largest cryptocurrency. A breakdown below $185 could expose traders to $176 million in long liquidations, while a rebound above $190 carries a risk of $102 million in short liquidations. The price is now at a critical juncture, with bears targeting the key support trendline that has held since late July [1].

Despite the bearish momentum, some short-term forecasts remain cautiously optimistic. Bitget analysts project that Solana could see a 29.70% increase in August 2025, reaching $223.63 by month-end [3]. However, such a reversal would require a strong reversal in sentiment and a shift in broader market conditions.

Traders are increasingly hedging their positions or shifting to short-term strategies, particularly as the market reacts to Bitcoin’s volatility and Ethereum’s mixed performance. On-chain data suggests that the current correction may be part of a larger bearish spiral, especially if the key support levels continue to fail [1].

Investors are advised to closely monitor on-chain metrics and key price levels for potential signs of a trend reversal or continuation. Until Solana can reclaim the $200 level and break above the $206 resistance, the risk of further declines remains significant.

Source:

[1] Solana Price Analysis: Risks deepen as SOL retraces under $200 with bearish signals. https://www.fxstreet.com/cryptocurrencies/news/solana-price-analysis-risks-deepen-as-sol-retraces-under-200-with-bearish-signals-202508261016

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