Analyst calls Sol A Buy for potential $ 360 rally

Tl; Dr.

• Solana acts at $ 181 and has a support of $ 176, with resistance marked at $ 205.
• Elliottwave analysis shows a double correction with support near $ 164 – $ 157 and invalid for $ 195.
• EU considers Solana or Ethereum for the launch of digital euro, increasing accessibility and privacy questions.

Solana Price and Analyst Outlook

Solana (SOL) cost $ 181 at the time of the press, with a daily trade volume of $ 4.55 billion. Token has fallen by 1% in the last 24 hours and has fallen by 8% last week. Despite this decline, analyst Ali Martinez explained,

“Not a bad place to load Solana $ Sol before an outbreak of up to $ 360.”

Ali’s graph shows Solana who acts in one rising structure Supported by higher lows since March. Toking remains above the $ 176 support zone and is confronted with $ 205 resistance. Fibonacci extension levels mark reference points at $ 250, $ 278, $ 320 and $ 362. Solana continues to move between its rising trendline and the resistance area.

Not a bad place to load Solana $ Sol For an outbreak up to $ 360. pic.twitter.com/n42zxpmzbt

– Ali (@ali_charts) August 21, 2025

Corrective structure and technical measurements

Elliottwave forecast sketched A corrective pattern for Solana. The graph places Sol at $ 167 within a double correction (W – X – Y) formation. Support is projected between $ 164 and $ 157, while an invalidation level is noticed at $ 195. The update added, “We don’t recommend selling,” Focus on the corrective institution.

Based on indicators, the 9-day progressive average average is $ 185, while the progressive average of 21 days is $ 179. The price of Solana is between the two averages, which means that trust in the short term is underway, but there is no specific direction.

The relative strength index (RSI) is at 50, which indicates a neutral attitude of the market. In July the RSI rose up 70, which indicates a busy purchase period.

Mock market activity

Cryptuquant data is displayed Solana’s Spot Taker Cumulative Volume Delta (CVD). From November 2024 to February 2025, buying was dominant, to support higher prices. Between March and May 2025, the sales activity was stronger and the prices were lower.

In June and July 2025, the CVD was usually neutral, with a short purchase phase. By August 2025 the data will show a stronger sales pressure, while Solana acts near $ 180.

Broader market development

The European Union assesses whether the digital euro project on Ethereum or Solana should launch instead of a private chain. A rollout on a public blockchain could improve accessibility, although the concern about privacy and security remains.