Terrill Dicki
Aug 23, 2025 10:21
SOL price prediction points to $220-230 target within 30 days as technical indicators show strong bullish momentum with MACD histogram at 1.1190 and price breaking above key resistance levels.
Solana has surged 11.75% in the past 24 hours to $203.23, breaking through multiple resistance levels and setting up for what could be a significant bullish run. Our SOL price prediction analysis reveals compelling technical signals that suggest further upside potential in the coming weeks.
SOL Price Prediction Summary
• SOL short-term target (1 week): $215-220 (+6-8% from current levels)
• Solana medium-term forecast (1 month): $220-230 range with potential spike to $240
• Key level to break for bullish continuation: $209.86 (immediate resistance)
• Critical support if bearish: $183.73 (20-day SMA) with secondary support at $176.48
Recent Solana Price Predictions from Analysts
The consensus among recent analyst predictions has been remarkably consistent, with WalletInvestor’s AI models progressively raising their SOL price target from $191.79 on August 19th to $194.84 by August 23rd. This gradual upward revision in the Solana forecast demonstrates growing confidence in the token’s technical setup.
CoinEdition’s analysis from August 18th proved prescient, identifying the $188-192 range as a critical bounce zone when SOL’s RSI hit oversold levels at 17.5. The subsequent rally validates their technical assessment and supports our more aggressive SOL price prediction targets.
The market consensus has shifted from cautiously optimistic to increasingly bullish as Solana’s technical indicators have improved dramatically over the past week.
SOL Technical Analysis: Setting Up for Breakout Above $210
Our Solana technical analysis reveals a perfect storm of bullish indicators converging at current price levels. The MACD histogram reading of 1.1190 indicates accelerating bullish momentum, while the MACD line at 5.2760 sits well above the signal line at 4.1570.
The RSI at 60.74 provides the ideal setup – high enough to confirm momentum but not yet in overbought territory, leaving room for further gains. Solana’s position at 0.95 within the Bollinger Bands suggests the token is approaching the upper band at $205.40, but historical patterns show SOL can remain elevated near this level during strong trending moves.
Volume confirmation is robust with $1.79 billion in 24-hour trading on Binance spot, indicating institutional participation in this move. The daily ATR of $12.14 suggests we could see $10-15 daily moves becoming normal as volatility increases.
Solana Price Targets: Bull and Bear Scenarios
Bullish Case for SOL
Our primary SOL price target sits at $220-230 within 30 days, representing a 8-13% gain from current levels. This Solana forecast is based on several key technical factors:
The immediate resistance at $209.86 represents the first hurdle, but momentum indicators suggest this level should be cleared within 3-5 trading days. Once broken, the next logical SOL price target becomes the psychological $220 level, which aligns with the 1.618 Fibonacci extension from the recent swing low.
For the most aggressive bulls, a break above $230 could trigger a run toward the 52-week high at $261.97, though this scenario would require sustained institutional buying and broader crypto market strength.
Bearish Risk for Solana
The primary risk to our bullish SOL price prediction lies in a failure to hold above the 20-day SMA at $183.73. A close below this level would invalidate the current setup and could trigger a retest of the 50-day SMA at $176.48.
The most bearish scenario involves a break below $171, which would align with previous analyst bearish targets and could lead to a deeper correction toward $145.90 – the strong support level identified in our technical analysis.
Should You Buy SOL Now? Entry Strategy
Based on our Solana technical analysis, the current price of $203.23 offers a reasonable entry point for those looking to buy or sell SOL, though we prefer a more strategic approach.
Primary Entry Strategy: Wait for a pullback to $195-198 (near the pivot point at $196.37) for optimal risk-reward ratio.
Aggressive Entry: Current levels with a tight stop-loss at $190 (below recent swing low).
Risk Management: Position sizing should account for SOL’s daily ATR of $12.14, suggesting 2-3% portfolio allocation maximum for this trade setup.
Stop-Loss Levels: Conservative traders should set stops at $183.73 (20-day SMA), while aggressive traders can use $190 as their risk threshold.
SOL Price Prediction Conclusion
Our comprehensive analysis supports a bullish SOL price prediction with high confidence for the $215-220 target within one week and medium confidence for the $220-230 Solana forecast over the next 30 days.
Key indicators to monitor: MACD histogram maintaining above 1.0, RSI staying between 55-75, and daily closes above the 20-day SMA at $183.73.
Timeline: The next 5-7 trading days will be critical for confirming this prediction, with a break above $209.86 serving as the primary bullish confirmation signal.
The technical setup for Solana remains compelling, and our SOL price target of $220-230 appears achievable given current momentum and market conditions. However, traders should remain vigilant of broader crypto market sentiment and be prepared to adjust positions if key support levels are violated.
Image source: Shutterstock
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