Key Notes
- Solana rallied 17% in every week, breaking above $180 for the primary time in August 2025.
- 8M SOL value $1.4B withdrawn from staking in 5 days, including to short-term market provide.
- SOLUSD technical indicators present subsequent main overhead resistance now lies on the $202 mark, bullish momentum sustains above 20-day MA.
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The Solana worth lastly broke above $180 on Saturday, Aug 9, 2025, after a number of failed makes an attempt because the begin of the month.
The 17% rally over the previous week has coincided with 8 million SOL staking withdrawals, suggesting traders are shifting towards short-term speculative trades amid heightened market optimism. In response to blockchain analytics platform StakingRewards.com, staking deposits fell from 408.04 million SOL on Aug 4 to 399.93 million SOL at press time.
Solana Staking Deposits as of August 9 2025 | StakingRewards.com
On the present worth of $180, the withdrawn SOL represents over $1.4 billion reintroduced into the energetic market supply. Whereas this liquidity increase seemingly helped push SOL above $180, it additionally brings potential short-term dangers, an oversupply that would speed up a pointy pullback if present bullish sentiment weakens.
Solana Worth Forecast: Can Bulls Push In the direction of $202?
Within the final three days, Solana worth has risen 14%, including one other 2% intraday on Aug 9 to the touch $182, its highest stage in August 2025.
Technical indicators present the every day candle closing above the 20-day shifting common, a setup that always indicators the potential begin of a contemporary rally leg. If bullish momentum holds and urge for food for short-term performs, fueled by the $1.4 billion staking withdrawals, stays excessive, SOL worth may goal the subsequent main overhead resistance at $202, marked by the higher Bollinger Band.
Solana Worth Forecast | TradingView
For this bullish forecast to be validated, SOL should publish a number of consecutive every day closes above the 20-day MA.
On the draw back, if market sentiment weakens, the current oversupply may set off fast selloffs. In such a state of affairs, SOL might shortly retrace towards help ranges round $165–$170 earlier than making an attempt one other breakout.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm data by yourself and seek the advice of with an expert earlier than making any selections based mostly on this content material.
Ibrahim Ajibade is a seasoned analysis analyst with a background in supporting varied Web3 startups and monetary organizations. He earned his undergraduate diploma in Economics and is at present learning for a Grasp’s in Blockchain and Distributed Ledger Applied sciences on the College of Malta.
