Solana Price Stalls at $188 Resistance, Slides to $185
The Solana price (SOL) rose from $180 early last week to a high of $205 on August 14 before tumbling back below $188 resistance to around $185. On-chain analyst Burak Kesmeci highlighted the Fixed Range Volume Profile (FRVP) tool to map key trading levels. According to his analysis, the $150 zone marks SOL’s high-volume support level. The Value Area High (VAH) at $188 now acts as resistance, capping Solana price advances throughout 2025. A lower FRVP level between $170 and $179 serves as a potential support zone if prices retreat. As of this report, the Solana price is trading near $180, down 5% in 24 hours yet still posting a 4% weekly gain. Traders will watch whether SOL can reclaim the VAH level. Sustained movement above $188 could strengthen the bullish momentum. Conversely, a drop below the $170–$179 support band may intensify bearish pressure.
Neutral
The analysis shows Solana price encountering a significant resistance at $188 (VAH) and dropping back to the $180 area. This failure to break above a high-volume resistance zone suggests short-term bearish pressure, as altcoins often consolidate below high-volume nodes before a decisive move. However, the presence of solid support levels at $170–$179 and $150 (FRVP high-volume level) tempers the bearish outlook. Given the 4% weekly gain, traders may adopt a wait-and-see approach, watching if SOL reclaims the $188 VAH. Historically, similar failures at volume-based resistance have led to sideways trading rather than sharp corrections, as seen with other altcoins in 2023. In the short term, expect limited directional movement until a clear breakout or breakdown occurs. Long-term prospects remain tied to whether SOL can sustain momentum above key volume nodes. Overall, the immediate impact is neutral: risks of further pullback coexist with strong support, encouraging cautious positions rather than aggressive buying or selling.