Solana News Today: Solana Trapped Below $170 Key Resistance, Bears Eye $160 Re-test

Solana’s price action in August 2025 has drawn significant attention from traders and market analysts, with a growing consensus forming around the potential for a decline to $160 if the token fails to break through its key resistance levels [1]. Exchange data and technical indicators suggest that Solana remains confined within a $160–$295 trading range, with the $185 level acting as a critical threshold for bullish momentum [2]. Analysts have noted that a failure to surpass this resistance could trigger a retest of the $160 support zone, potentially leading to further downward pressure [3].

Price volatility remains a defining characteristic of Solana’s recent performance, with the token dropping to as low as $164 in late August before showing signs of a partial recovery as buyers re-entered the market [4]. However, the broader trend remains uncertain, particularly as trading volume has declined, signaling reduced confidence among market participants and diminishing the likelihood of a strong rebound in the near term [5]. The inability to maintain stable momentum above $170 has intensified concerns, with many traders adopting a cautious stance ahead of the next major price development.

Technical analysis has highlighted the formation of a head-and-shoulders pattern, a bearish indicator that points to a likely retest of the $160 level in the coming weeks [3]. If this support fails to hold, Solana could face additional downward pressure, with some analysts projecting a potential drop to the $100s under continued bearish momentum [7]. Historical price declines, particularly those that occurred after a failure at the $140 level, offer a cautionary precedent, with accelerated downward trends observed in similar conditions [8].

While a few optimistic forecasts have suggested that Solana could reach $300 by year-end, these scenarios remain contingent on a sustained bullish breakout, which has yet to materialize [6]. On the other hand, growing institutional accumulation of SOL has offered some bullish signals, though this activity has not yet translated into a broader market rally [10]. A sustained move back above $170 would be necessary to reignite bullish sentiment and provide Solana with a viable path toward the $200–$220 resistance zone [8].

Market participants are closely monitoring key technical levels for any signs of a definitive trend shift. Until such a move is confirmed, the prevailing sentiment remains one of caution, with traders advised to exercise prudence and continue tracking price developments in the context of broader macroeconomic conditions and Bitcoin’s volatility [5].

---

Source:

[1] https://www.facebook.com/groups/137****66946104/posts/1679544676050721/

[2] https://cryptorank.io/news/feed/1bbfa-solana-cracks-below-key-structure-head-and-shoulders-breakdown-points-to-106

[4] https://cryptodaily.co.uk/2025/08/crypto-price-analysis-8-15-bitcoin-btc-ethereum-eth-solana-sol-uniswap-uni

[5] https://www.facebook.com/Tronweekly/posts/-skale-skl-dips-15-amid-bitcoin-pullback-but-remains-up-101-weekly-experts-eye-0/139****525316103/

[6] https://blockchair.com/fr/news/solana-how-this-level-could-help-sol-prices-rally-40--e096d8bf6bee199e

[8] https://www.bitget.com/price/kitty-solana/price-prediction

[10] https://m.economictimes.com/crypto-news-today-live-16-aug-2025/liveblog/123325936.cms