Market watchers are eyeing Solana price closely as the token hovers near a decisive support zone, suggesting a sharp move could be around the corner. Analysts argue that if momentum shifts here, the Solana price prediction could lean toward a renewed push into the $200–$210 range, setting the stage for its next big move.

Solana Price Dips Into the Golden Pocket Zone

Solana price has retraced into the golden pocket around the $178 to 172 range, aligning with the 0.618 Fibonacci level that often serves as a decisive support area in trending markets. This pullback comes after the price stalled near $200, with volume tapering down as buyers await confirmation of a base. If SOL holds within this pocket, it could set the stage for a reversal attempt, especially since prior consolidations at similar levels have sparked strong continuation moves.

Solana dips into the golden pocket, holding above $172 as price eyes a potential rebound. Source: MacroCRG via X

Structurally, MacroCRG’s daily chart shows a healthy correction rather than a breakdown, with the higher-low pattern still intact as long as $170 remains defended. A rebound from here would place $195 and $210 back in play as near-term targets, while failure to hold could expose SOL to deeper retracement toward the $160 demand zone.

Liquidation Wave Brings Solana Back to Balanced Levels

Fresh data from CW8900 shows that Solana has cleared out the bulk of its highly leveraged long positions, leaving only a small pocket of exposure still active. This could potentially reduce the risk of cascading liquidations, helping the market establish a healthier footing.

With fewer aggressive longs in play, price action can stabilize more organically, allowing spot demand and moderate leverage to guide the next move.

Solana clears excess leveraged longs, resetting near $178 as market conditions stabilize. Source: CW8900 via X

SOL is beginning to base out around the $178 zone; however, it still has the space to take liquidations out till $175. Participants are watching closely to see if this reset creates breathing space for Solana to reclaim lost ground and reattempt higher levels once market conditions settle.

Solana Faces Key Decision Point at Trendline Resistance

The latest analysis from CryptoFayZ shows Solana pressing against a descending trendline that has capped momentum throughout its recent pullback. Price action has coiled beneath this barrier, with $185 to $188 emerging as the immediate test zone. If rejected here, SOL Solana price could revisit support levels near $175 before attempting another rebound. This retest would align with the broader corrective structure.

Solana tests descending trendline resistance near $185–$188, with a breakout eyeing $200–$215 upside. Source: CryptoFayZ via X

However, a successful break above the trendline would shift momentum quickly in favor of buyers. The projection outlined suggests that once reclaimed, Solana could accelerate toward $200 and potentially extend into the $210 to $215 range, reclaiming its prior highs. With structure still favoring higher lows above $170, the battle at this resistance may determine whether SOL enters another leg of consolidation or sets the stage for a stronger bullish breakout.

Solana Enters Oversold Territory on RSI Heatmap

On the back of the ongoing corrective wave, Solana has slipped into oversold territory on the RSI heatmap, with its relative strength index now sitting around the mid-30s. Historically, readings at this level have often signaled exhaustion of selling pressure, where downside momentum begins to fade and the market looks for equilibrium. For SOL, this aligns with its recent retest of the $178 to $175 range, suggesting that price may be nearing conditions suitable for a relief bounce if buyers step back in.

Solana slips into oversold RSI territory near $175, hinting at a potential relief bounce. Source: Rand via X

With SOL defending higher-timeframe support near $170, participants will be watching closely to see if momentum stabilizes and flips upward. If a rebound takes shape, reclaiming $190 to $195 becomes the first checkpoint to confirm strength before any push towards the $200 mark.

Solana’s Contrary Bullish View

Unlike the bearish takes in the market, analyst Crypto King holds a bullish view on Solana’s trajectory. He highlights the uptrend support as the critical level to watch, where a potential bounce could confirm higher lows and keep the broader structure intact. With Solana price hovering near the $178 to $175 zone, this area becomes the battleground for bulls aiming to reassert momentum.

Analyst Crypto King outlines a bullish Solana outlook. Source: Crypto King via X

Crypto King suggests that if Solana reacts positively here, the path towards $195 to $200 may open in the near term, with a broader upside target extending to the $295 range highs. His outlook frames the current pullback as a constructive setup rather than weakness.

Final Thoughts: Bullish Scenario or Bearish Outlook?

Solana price now stands at a true crossroads, with its next move likely to dictate the broader narrative. The golden pocket support near $175 to $178, coupled with oversold RSI readings, tilts the setup toward a potential rebound. If bulls can defend these levels and push through the $185 to $188 trendline, the Solana price prediction points toward a run into the $200 to $210 zone. Such a move would validate the higher-low structure and frame this correction as a healthy reset rather than a breakdown.

On the other hand, failure to hold above $170 could unravel this constructive outlook. A deeper slide toward $160 would not only test buyers’ conviction but also expose SOL Solana price to more downside liquidity.

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Filed under: Bitcoin - @ August 20, 2025 9:21 am