Solana Price Outlook: SOL Pulls Back to $198 as Bulls Defend Key $195 Support
Solana (SOL) went above $207 last week, with record futures interest and increasing ecosystem liquidity.
Quick overview
- Solana (SOL) surpassed $207 last week, driven by record futures interest and increased liquidity in its ecosystem.
- Open interest in Solana futures reached $13.08 billion, indicating a strong risk-on appetite among traders.
- Institutional adoption is rising, with Bullish raising $1.15 billion in their IPO, primarily using Solana for stablecoin minting.
- Despite recent gains, Solana's price is testing key support levels, with potential bearish signals emerging from technical analysis.
Solana (SOL) went above $207 last week, with record futures interest and increasing ecosystem liquidity. CoinGlass shows open interest (OI) in Solana futures hit $13.08 billion on Monday, fresh capital and risk-on appetite from traders.
Liquidity is also growing across the ecosystem. Artemis Terminal shows DEX trading volume on Solana went from $2.6 billion on August 17 to $7.1 billion on Sunday, retail and institutional traders are both buying in.
Institutional Adoption Boosts Confidence
Institutional demand is getting stronger. Bullish (BLSH) raised $1.15 billion in their IPO, most of the associated stablecoins were minted on Solana – solidifying the blockchain in regulated markets.
Solana Price Predictions (Brief Overview)
Here are some of the latest forecasts and analyses for SOL’s future direction:
Short-Term Outlook (Days–Weeks)
Bravenewcoin suggests that with SOL holding above $210 after reclaiming the $200 level, it could target $236 . pic.twitter.com/LvQLT99zys
— raja sadam (@RajaSadam_1) August 24, 2025
Beyond capital markets, Solana’s global footprint is expanding. Solana will be featured at All-In Summit 2025 and Superteam UAE announced plans for “Solana City” a Dubai coworking hub for community and developer growth. Wyoming is also preparing to launch the first US state-issued stablecoin on Solana, a big milestone for blockchain in financial infrastructure.
Solana Technical Analysis: Pullback Tests Key Levels
Despite the strong background, Solana is looking tired. The token dropped to $198, below the $213 resistance zone. A shooting star candle formed on the 2-hour chart, often a reversal signal.
Price is testing the 50-SMA at $197, the Fib retracement at $195 (0.5) and $191 (0.618) are the key levels. A break below $195 could go to $185, holding this zone keeps the bullish momentum alive.
Momentum indicators are cautionary: RSI dropped from overbought to 41 and MACD is negative, but long lower wicks on recent candles suggest dip buyers are active between $195 and $191.
Trade Setup: Close above $199 could target $205 and $213, stop below $191. Break below $195 goes to $185-$177, short setups with risk above $200.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save