Solana News Today: Solana Tests $180 Support After Failed $210 Breakout Amid Bearish Signals

Solana (SOL-USD) faces a pivotal moment as it retests the $180 support level following a failed attempt to break above $210. The price pattern has formed a classic double top near $206, with the second peak reaching the same height on August 14 before the asset retreated [1]. This structure suggests that the $180 level acts as the neckline, and its integrity could determine Solana’s next major move [2].

Technical indicators reflect weakening momentum. The MACD has turned bearish, with both the MACD and signal lines below zero, while the RSI has fallen below the 50 threshold. These signs suggest that buyers are losing control, and the likelihood of a breakdown increases if $180 fails to hold [1]. The histogram on the 4-hour chart also confirms negative momentum, reinforcing the bearish bias.

Market capitalization has mirrored the price’s volatility, peaking above $110 billion in early August before retreating to below $96 billion by August 18. This 15% decline over just a week highlights the extreme sensitivity of Solana’s valuation to short-term price swings [1]. While the market briefly recovered to near $98 billion by August 19, the overall trend remains significantly below its earlier highs.

Analyst Ali Martinez has emphasized the importance of the $180 level, noting that a breakdown could lead to a retest of the $160 support zone, which was previously tested in mid-July [3]. Traders are closely watching for signs of a potential breakdown, as a failure to defend this level could trigger a sharp sell-off and expose further downside risk.

Despite the bearish signals, Solana has shown resilience. After dipping to $160 in early August, the price managed to reclaim the $180 level over the weekend, offering some short-term relief to bulls. However, this bounce does not necessarily confirm a reversal; rather, it reflects the market’s ongoing tug-of-war between buyers and sellers [2].

Market dynamics have also been influenced by whale activity and network capacity. Whale movements often serve as early indicators of market sentiment, and any major outflows could exacerbate the downward pressure. Meanwhile, recent network stress tests have revealed varying degrees of strain, which may affect performance and, by extension, investor confidence [1].

Looking ahead, analysts remain divided on Solana’s immediate outlook. Some argue that the recent stabilization is a temporary pause rather than a reversal, with the $180 level needing to be convincingly defended to avoid a drop toward $160. Others see potential for a bullish rebound, particularly if the broader crypto market continues to benefit from optimism around ETF approvals [4]. However, these optimistic forecasts are conditional and depend on Solana’s ability to hold key levels.

In conclusion, Solana’s near-term direction depends heavily on the fate of its $180 support. A successful defense could pave the way for a return to $190, while a breakdown may open the door to a retest of $160. With technical indicators leaning bearish and volume showing signs of exhaustion, the next few trading sessions will be crucial in determining the path of least resistance [1].

Source:

[1] Solana (SOL-USD) Price Forecast $180 - Trading News

(https://www.tradingnews.com/news/solana-sol-usd-price-forecast-180-usd)

[2] snorter: News & Updates - CryptoDnes EN

(https://cryptodnes.bg/en/tag/snorter/)

[3] Key Republican senator expects Democratic support for ...

(https://www.fastbull.com/news-detail/key-republican-senator-expects-democratic-support-for-us-news_6100_0_2025_3_8544_3/6100_ADA-USDT)

[4] Solana Price Prediction 2025,2026,2027- 2030

(https://coindcx.com/blog/price-predictions/solana-price-weekly/)