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…

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