Solana (SOL) Price Prediction for August 21

The Solana market is trading cautiously after last week’s rejection near $200, with bulls trying to stabilize around the $180 handle. Price action shows compression, suggesting a decisive breakout is approaching.

What’s Happening With Solana’s Price?

The Solana price today is consolidating around $180.18 after recovering from an intraday low near $176. On the 2-hour chart, SOL remains within a descending parallel channel, struggling to break through the $184–$186 resistance cluster.

The Supertrend indicator sits overhead at $186.37, reinforcing this level as a key ceiling for bulls. Directional Movement Index (DMI) readings remain weak, with +DI (16.6) and -DI (15.2) showing limited trend strength, while ADX is flat around 17.8, signaling a lack of strong directional conviction. This confirms Solana’s sideways consolidation following the steep decline from its $212 peak earlier in August.

Why Is The Solana Price Going Down Today?

The main reason why Solana price going down today is persistent rejection near $186 and lack of volume support above this zone. On-chain spot flows show net inflows of $31.95M on August 20, but this has not been enough to offset overhead supply.

From a Smart Money perspective, the daily chart highlights a recent bearish CHoCH (Change of Character) around $200, with SOL now trading below liquidity clusters that previously served as support. Sellers remain active near $186–$192, aligning with the upper boundary of the descending channel.

Bollinger Bands on the 4-hour chart show compression between $172 and $195, pointing to reduced volatility. Price is trading just under the mid-band ($183.5) and remains below the EMA20 ($182.5) and EMA50 ($184.6), confirming short-term bearish bias.

Key Indicators Suggest Tight Range Ahead

The Fibonacci retracement drawn from the $295 peak to the $93 low shows SOL currently hovering around the 0.382 level ($170.79), which is a critical pivot zone. A decisive daily close below this mark would expose the 0.236 level at $141.4, while holding above could keep momentum alive for a retest of $211 (Fib 0.618).

The RSI on the daily timeframe sits at 51, suggesting neutral momentum, while the True Strength Index (TSI) is flat around 0.21, lacking a clear bullish or bearish crossover. Meanwhile, the Money Flow Index (MFI) is at 51, reflecting balanced liquidity inflows and outflows.

SOL Price Prediction: Short-Term Outlook (24H)

In the immediate term, Solana price action is likely to remain capped under $186 unless bulls reclaim this zone with volume confirmation. A clean breakout could trigger upside toward $195.4 and the broader $200 resistance, which marks a critical decision point for trend reversal.

On the downside, failure to sustain above $176 risks a drop toward $170.7, with deeper support sitting near $162. A channel breakdown could even extend losses toward $152 in extreme bearish conditions.

With indicators neutral and volatility compressing, the next 24 hours will likely see Solana trade in a tight range, with $176–$186 as the critical battle zone.

Solana Price Forecast Table: August 21, 2025