Solana News Today: Solana Surges 18% to $181 Amid Key Resistance and Profit-Taking Pressure

Solana (SOL) has recently experienced an 18% price increase, reaching $181 as of August 10, 2025, according to market data. This rally marks a significant rebound, with the price reclaiming the $180 level within a week. The surge has been attributed to a broader market shift and a breakout above a descending trendline [1]. However, despite the bullish momentum, the trading volume for Solana has dropped by 10% compared to the previous day, signaling potential profit-taking by investors [2].

Key resistance levels now stand at $184–$185, which are critical for determining whether the upward trend can continue. Analysts highlight that a daily close above $185 would be essential for pushing the price toward a $256 target, representing a near-40% upside [1]. On-chain metrics further reveal a $174 support level and a major resistance near $184, emphasizing these price points as pivotal for traders [2]. Additionally, CoinGlass data showed $15.18 million in exchange inflows on August 9, hinting at possible selling pressure as investors look to lock in gains [2].

From a technical perspective, Solana’s Relative Strength Index (RSI) is at 57, which remains below overbought levels, suggesting that the asset is not yet in a position of extreme bullish exhaustion. However, the Supertrend line remains at $190.33, indicating that the downtrend is still active and that sellers continue to play a role in the market [1]. The cumulative long liquidation leverage stood at $436.74 million, significantly higher than the $23.79 million in short-side leverage, reinforcing the dominance of bullish sentiment [2].

Traders and analysts remain cautiously optimistic, as the current dynamics suggest a potential for further gains. However, the proximity to key resistance levels and the declining volume imply that the market may face increased volatility or a possible correction if the price fails to break through $185. The broader crypto market's behavior will also play a role in determining whether Solana’s rally continues or stalls.

In sum, Solana’s recent performance underscores the importance of monitoring both on-chain activity and technical levels. While the rally appears to be driven by strong market sentiment and a breakout in price movement, the risk of profit-taking and selling pressure remains a factor. Traders are advised to keep a close eye on the $184–$185 resistance range, as its outcome could define the next phase of Solana’s price trajectory.

[1] Source: [1] Solana’s Recent Surge: Key Resistance Levels and Market Dynamics Suggest Potential for Further Upside (https://en.coinotag.com/solanas-recent-surge-key-resistance-levels-and-market-dynamics-suggest-potential-for-further-upside/)