Solana May Struggle to Defend $180 Support As Low Volume and Bitcoin Pressure Weigh on Gains

• Solana flipped $180 to support but lacks confirming volume.

• Whale accumulation of 60,000 SOL (~$11.23M) signals buyer interest; futures data shows short-term bullish bias.

• Key levels: $155.8 (lower swing), $206.3 (upper swing); Bitcoin flows and exchange sales ($64.4M reported) increase downside risk.

Solana price: SOL flipped $180 to support but weak volume risks a pullback. Read chart analysis, whale accumulation, and trade triggers to decide next steps.

What is the current Solana price outlook?

Solana price has reclaimed the $180 area as support, creating a bullish market structure on the daily chart. However, the absence of rising buying volume and a flat On‑Balance Volume (OBV) mean the breakout lacks conviction and SOL could retest lower swing support near $155 if momentum fades.

How strong is the volume and on‑chain evidence behind the move?

Daily and 4‑hour charts show upward RSI momentum but muted OBV, indicating limited participation. A large whale purchased 60,000 SOL (~$11.23 million) on 21 August, which is notable but not sufficient alone to confirm a sustained rally.

Futures open interest and short‑term leverage metrics pointed to bullish promise, yet exchange flow data and a $64.4 million Bitcoin sale by an institutional wallet increased market caution. Traders should seek increasing exchange inflows to spot genuine demand.

Frequently Asked Questions

Will the $180 level hold for Solana in the short term?

Short-term hold depends on rising buying volume. If OBV and exchange net outflows increase, $180 can act as base support; otherwise, expect a retest of $155–$160 in a bearish rotation.

How should traders use Bitcoin moves to size Solana trades?

Use Bitcoin trend as a market filter: bullish BTC momentum supports an altcoin rally and justifies larger risk sizing; BTC retracement or institutional sales suggest conservative position sizing or waiting for confirmation.

Key Takeaways

• Support status: Solana flipped $180 to support but lacks strong volume confirmation.
• On‑chain signal: A whale bought 60,000 SOL (~$11.23M), yet OBV remains flat—more sustained accumulation is needed.
• Actionable insight: Watch OBV, RSI, and Bitcoin flows; use a break above $188 on H4 as a short-term bullish trigger, or a drop below $155.8 as a bearish signal.

Conclusion

Solana price currently shows a bullish structure after flipping $180, but muted volume undermines confidence. Traders should require rising OBV and clearer on‑chain accumulation to trust continuation toward $206.3. Monitor Bitcoin flows and institutional activity closely and adjust risk management accordingly.

Source: SOL/USDT on TradingView

The swing points on the 1-day chart were marked at $155.8 and $206.3. A move beyond either level would dictate the next trend direction. On the price charts, SOL’s price was between these two levels, having flipped the resistance from May to support.

The market structure was bullish and the RSI traced upward momentum. However, the OBV has been relatively flat. The buying volume would need to trend higher in the coming days to offer bulls hope of a move to $206 and higher.

On the 4-hour chart, the OBV was not trending higher, with the volume relatively low during the pullback from $206 to $180. The RSI was also neutral.

However, the price action, which seemed bearish, was beginning to turn bullish at press time. The $188 level needs to be broken to shift the H4 structure bullishly. This would be a sign that the $180 level is in control of the buyers and they may be ready for further gains.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.