Solana Price Surges Above $180 Amid $1.4 Billion Staking Withdrawals
The price of Solana broke above $180 on August 9, 2025, following a 17% rally this past week. This increase coincided with 8 million SOL staking withdrawals, indicating a shift towards short-term speculative trading amid market optimism. Staking deposits decreased from 408.04 million SOL on August 4 to 399.93 million SOL.
Solana Staking Deposits as of August 9 2025 | StakingRewards.com
The current price level suggests over $1.4 billion in SOL has re-entered the market supply, which has contributed to pushing the price upward but may also present short-term risks due to potential oversupply.
Price Forecast for Solana
- Solana’s price increased by 14% in three days, reaching $182, its highest in August 2025.
- Technical indicators show a closing above the 20-day moving average, signaling potential for further gains.
- If bullish momentum continues, SOL could target resistance at $202.
- Multiple daily closes above the 20-day MA are necessary to validate the bullish trend.
- A weakened market sentiment might lead to selloffs, potentially retracing SOL to support levels around $165–$170.
Solana Price Forecast | TradingView