Solana Price Recovery Faces Volume Test Ahead of Possible Rally
Solana (SOL) has shown steady upward momentum recently, successfully flipping the $180 resistance zone into a key support level. This shift, coupled with a bullish daily market structure, presents a positive outlook for SOL on the price charts as of late August 2025.
Notably, a large Solana whale made headlines on August 21 by accumulating 60,000 SOL tokens—worth approximately $11.23 million—indicating continued interest from significant holders. Futures data further adds to short-term optimism surrounding the token.
However, broader market dynamics remain a factor. Bitcoin (BTC), trading slightly above $113,000, has been stabilizing near a critical support level of $112,400. Recent sales, such as Ark 21Shares offloading $64.4 million worth of BTC, have introduced some caution into the market, which could influence altcoin performance including Solana.
Volume Concerns Cloud Bullish Structure
On the daily chart, SOL’s price oscillated between $155.8 and $206.3. A decisive break beyond these levels is expected to define the next trend direction. While the Relative Strength Index (RSI) indicates upward momentum, the On-Balance Volume (OBV) remains relatively flat, signaling that volume support is not yet firmly established.
The 4-hour chart reflects a similar picture: despite the recent pullback from $206 to $180, trading volume has been subdued. The RSI on this shorter timeframe is neutral, suggesting indecision among traders.
Price action that initially appeared bearish has started showing signs of strength. For a more confident bullish shift on the 4-hour chart, SOL needs to break above the $188 level. “This would be a sign that the $180-level is in control of the buyers and they may be ready for further gains,” market analysts observe.
In summary, Solana’s technical setup shows promise, but volume trends will be crucial in determining if the recent gains can sustain and push SOL toward the $206 mark and beyond.
