Solana Price Prediction for August 26: Bulls Face Resistance, Bears Take Advantage

Solana's price has dropped 3% to $202, struggling to stay above the $213 to $215 resistance band. The short-term moving averages and channel midline meet at $200, the first test. The price has been rising since July, but now it seems to be losing steam. The volume profile shows strong accumulation at $188 to $190, and a break above $215 would lead to $230 to $240 supply block. Technical rejection and negative spot flows are contributing to the price drop, with a net outflow of $57.15 million and a shift in intraday bids. RSI has cooled to 39, and the 30-minute chart shows SOL slipping below its session VWAP near $208.

Solana's price has experienced a significant downturn, falling by 3% to $202, as it struggles to maintain its position above the $213 to $215 resistance band. The short-term moving averages and channel midline intersect at $200, marking the first test for the cryptocurrency. Despite a strong upward trajectory since July, the recent price action indicates a potential loss of momentum.

The volume profile reveals robust accumulation at the $188 to $190 level, suggesting that this area could serve as a strong support zone. A break above $215 could propel Solana towards the $230 to $240 supply block. However, technical rejection and negative spot flows are contributing to the current price drop. On August 25, Coinglass data showed a net outflow of $57.15 million, indicating that investors are taking profits after the recent rally to $215 [2].

The 30-minute chart shows Solana slipping below its session VWAP near $208, signaling weakened intraday bids. The Relative Strength Index (RSI) has cooled to 39, reflecting a pause in bullish momentum. The 4-hour chart indicates that Solana is pressing against its Bollinger mid-band near $200, with the 20 EMA at $200, 50 EMA at $194, 100 EMA at $189, and 200 EMA at $183. The Supertrend indicator has flipped bullish at $193.5, which remains the immediate trailing support line for buyers [2].

The near-term outlook for Solana is one of caution. If $200 holds, buyers could attempt to push the price back towards $208 and $213. A breakout above $215 would reopen targets at $230 and $240. However, a failure to hold $200 could lead to a slide towards $193 and then $188, potentially exposing the $175 level where the channel lower boundary and longer-term EMAs converge. Given the combination of negative netflows, RSI cooling, and resistance at $215, the bias leans towards short-term consolidation [2].

References:
[1] https://en.coinotag.com/solana-forms-wyckoff-accumulation-with-strong-inflows-may-reach-260-280-if-176-169-support-holds/
[2] https://coinedition.com/solana-sol-price-prediction-for-august-26-2025/