TLDR:

Solana fails to close above $205, confirming immediate resistance for short-term traders.
$180 holds as critical support, combining the 20-day EMA and uptrend line for a potential bounce.
Indicators show slowing momentum, but the trend remains intact, suggesting a controlled pullback.
The next downside target is $172.60 if $180 breaks, aligning with 50-day EMA support. 

Solana’s (SOL) price stalled after failing to close above the $205 swing high. Traders immediately noticed the resistance as the daily chart confirmed the rejection. 

Lark Davis highlighted the importance of the $180 zone, combining both the 20-day EMA and the uptrend line as key support. Investors are watching for possible limit bids in this region as SOL tests critical levels. Current price action shows a minor pullback after the failed breakout, signaling caution for short-term traders.

The crypto market response reflects heightened activity near resistance, with elevated volume observed during the recent push. Indicators such as the MACD show positive readings but flattening momentum. 

RSI hovers around 52, leaving room for another upward attempt if support holds. Price trends since July maintain higher lows, indicating the overall uptrend remains intact.

Solana failed to put a daily close above the recent swing high at $205 on this current move.

Watch for a bounce off of the 20 day EMA (yellow line) and the uptrend line (shown by arrow) at $180. IMO limit bids here are interesting.

Trade SOL now on BITUNIX (no kyc, no vpn)… pic.twitter.com/TzZlrE65fY

— Lark Davis (@TheCryptoLark) August 15, 2025

Market watchers are now focusing on the $180 area as the first line of defense. A bounce here could signal continuation toward previous highs. Failure to hold this zone may lead to testing secondary support at $172.60, corresponding to the 50-day EMA. The confluence of EMA and trendline support makes this region crucial for planning entries.

Lark Davis’ commentary points out that SOL is in a pullback phase rather than a full reversal. He encouraged traders to monitor price action closely around the EMA and trendline. Market participation suggests strong buying interest, but momentum needs reinforcement for a sustainable move higher.

Solana Support at $180 Holds the Spotlight

The $180 support level combines technical indicators that traders trust for potential entries. The 20-day EMA provides dynamic support while the uptrend line reinforces the area’s strength. Historically, buyers have stepped in around this zone, making it a focal point for limit orders.

If $180 holds, analysts suggest that SOL could resume its upward trajectory toward $205 again. The immediate bounce would also restore confidence in the short-term bullish structure. 

Conversely, a break below this level may trigger a deeper correction toward $172–$173. Market participants are adjusting risk strategies accordingly, balancing potential reward against downside exposure.

Trading signals suggest a textbook bullish continuation setup if $180 remains intact. The volume spike during recent rallies shows genuine market interest rather than speculative movement. Technical indicators support this narrative, with the MACD still positive and the RSI neutral. 

SOL currently trades around $186, reflecting a 4.74% drop over 24 hours but a 4.57% gain over seven days, according to CoinGecko. The cryptocurrency remains in a correction phase, offering opportunities for traders focused on technical zones. 

Overall, the market appears steady, with key levels guiding the next potential moves.

SOL price on CoinGecko

The post Solana Hits $205 Wall: $180 SOL Price Support Now in Focus appeared first on Blockonomi.

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Filed under: Bitcoin - @ August 15, 2025 4:20 pm