Forecast for Solana (SOL) Coin Value on August 12th

Forecast for Solana (SOL) Coin Value on August 12th

In the world of cryptocurrency, Solana (SOL) is making headlines with its recent price movements and expert analysis.

According to Denys Serhiichuk's latest prediction on August 20, 2025, Solana is experiencing an upward move in the short term. The digital asset has broken resistance at $182.30 and is aiming for $190, provided the bulls maintain control. However, the most probable scenario is sideways trading within the $180-$190 range as buyers accumulate energy for the next move.

For the mid-term outlook, the market shows no clear dominance by bulls or bears. To take control, buyers need to secure a price above $209, which could then lead to a test of around $230. Until that happens, the price may remain undetermined within wider ranges.

Earlier in August, Serhiichuk noted a bearish pressure with prices around $168 and a potential correction toward the $150-$160 zone if key supports break. The recent recovery and breakout above $182 suggest a shift from that bearish outlook to a cautiously optimistic short-term trend.

Currently, the price of SOL is trading at $178.3, having dropped by 0.62% over the last 24 hours. On the daily chart, the price of SOL is potentially close to trading within the range of $175-$185 due to the need for bulls to accumulate energy for a further move. On the hourly chart, the price of SOL is approaching the local resistance of $178.72. If this resistance is broken, growth is likely to continue to the $180 mark.

However, if the price of SOL fails to break the local resistance of $178.72, sideways trading may occur. The market remains neutral today, as previously stated by CoinMarketCap. It's important to note that the rate of Solana (SOL) has not yet approached its support or resistance levels on the longer time frame.

In summary, the latest expert outlook paints a picture of cautious bullishness in the short term with a conditional upside in the midterm. The market remains uncertain, with neither side dominating on the longer time frame. Investors and traders should closely monitor the price of SOL and its movements to make informed decisions.

1. As Solana's price rises, some investors may be intrigued by the potential for mining Ethereum, given that both assets are based on blockchain technology and the trading of one could indirectly affect the other.
2. The recent surge in the price of Solana, coupled with the advancements in finance technology, has led to increased interest in investing in crypto, making it a compelling topic for discussion among tech enthusiasts.
3. With Denys Serhiichuk's prediction pointing towards a short-term upward move for Solana and the mid-term market showing uncertainty, binary options traders might find these dynamics intriguing for creating trading strategies in the near future.

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