Iris Coleman
August 18, 2025 10:50
Sol Price tests critical support as it drops to $181 after a height of $195.89 and technological upgrades will drive institutional adoption despite a decline in network transactions.
Quick Take
•SOL is currently trading at $181.00 (-6.00% in 24 hours). •Solana’s RSI holds neutral at 50.73 after pullback from overbuying level.
What is the price of Solana today?
Sol Price pulled back significantly today, dropping 6% from its $195.89 high to around $181 levels from yesterday’s high. The fix comes after Solana’s impressive 18% surge earlier this week. This was driven by major technical upgrades such as the implementation of Firedancer and Alpenglow, which increased network scalability.
The recent decline appears to be linked to news that Solana Network Transactions fell from peak levels in July to 1.1 billion in August. This decline in trading volume has created some uncertainty among traders despite positive momentum from institutional adoption talks.
However, the broader context remains constructive for SOL. The Solana Index was significantly ahead of traditional stock markets this week, up 6.7% this week, compared to just 2.4% of the stock index. This outperformance highlights the growing institutional interest in Solana-based assets and supports the narrative of technical improvements in the network.
SOL Technical Analysis: Mixed Signals After Sharp Pull Back
Solana’s technical analysis reveals complex images following a 6% decline today. The Sol RSI is located at 50.73 and shows neutral momentum after cooling from a potentially over-acquired state during a recent rally. This RSI level suggests that sales pressure may be stable.
MACD remains bullish for Solana, with the mainline being 4.5099 above the signal line of 4.0896, and a positive histogram reading of 0.4203 is generated. This shows that the underlying bullish momentum persists despite the daily pullback.
Solana’s price action related to moving averages shows intensity above the main level. SOL is down $177.88 over the 20-day SMA and $172.55 over the 50-day SMA, but down $190.44 under the 7-day SMA. The 200-day SMA is $157.67, providing long-term trend support.
The Bollinger Bands Analysis shows a Sol of 0.5680 between bands, with the upper band at $200.84 and the Lower Band at $154.92. This positioning suggests room for movement in either direction without extreme conditions.
Solana price levels: Major support and resistance
Important Solana support levels appear at $180.00. This represents the low psychological support that is today’s everyday. Under this, stronger support will be displayed at $155.83 and will work with the Bollinger Band Lower Band region.
For resistance, the immediate level is at $195.89 (today’s high), and the resistance is at $209.86. A break above $209.86 could mark a resumption of bullish trend towards a 52-week high of $261.97.
Pivotpoint analysis based on Binance Spot Market data brings Sol’s daily pivot to $185.63. Trades above this level support bullish bias, but not regaining it could show an even more downside towards the $155.83 support zone.
Solana’s $11.06 daily ATR shows an increase in volatility.
Should you buy a sol now? Risk Reward Analysis
For offensive traders, the current Sol price is $181. In particular, there is a chance for potential Dip purchases, as the Sol/USDT pairs are above the moving average of the keys. The Risk Rewards Setup is supporting the Bulls, targeting the $195-$209 resistance zone if Sol can regain $185 in pivot support.
Conservative investors may wait for a clearer signal. A break below $180 support could potentially sell more to $155, representing a significant downside risk. Conversely, bounces from the current level with volume checking can indicate that the pullback is complete.
Swing traders should monitor Sol RSI for sales readings below 30 as potential entry signals, but use the $180 level as a clear stop loss reference point.
Based on Binance Spot Market data, $605 million in a 24-hour volume suggests adequate liquidity in most trading strategies, but traders need to prepare for the rise in volatility shown by ATR readings.
Conclusion
SOL prices are facing a key time of $181, testing whether recent 18% rallies can be maintained despite concerns about network transactions. Technical indicators suggest an unharmed, neutral momentum for underlying bull structures that support over $180. Traders should monitor bounce checks above $185 or breakdowns below $180 to guide their next move over the next 24-48 hours. The combination of technical upgrades and institutional adoption provides basic support, but short-term price action may depend on whether Solana is able to address trading volume concerns while maintaining technical momentum.
Image source: ShutterStock
