The price of Solana (SOL) rose to a high of $217 before retracing above the moving average lines.
The uptrend will continue if the current support at $185 or the 50-day SMA holds.
Solana price long-term prediction: bullish
Buyers failed to sustain their upside momentum above the $220 level, so the price retreated and is now just above the $200 support. A price indicator has shown that the cryptocurrency could move higher.
On the weekly chart, a retraced candlestick body has reached the 38.2% Fibonacci retracement level on June 16, as reported by Coinidol.com, suggesting that Solana will rise to the 2.618 Fibonacci extension or the $331.91 high. Meanwhile, SOL has risen above the $200 support level.
SOL price indicators analysis
The weekly chart shows that the price bars are above the moving average lines, indicating that the cryptocurrency will continue to rise. On the 4-hour chart, the price bars are below the moving average lines, indicating a downtrend. The sideways trend of this chart means that the moving average lines are horizontal.
SOL/USD price weekly chart – September, 2025
Technical indicators
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Key supply zones: $220, $240, $260 -
Key demand zones: $140, $120, $100
What is the next move for Solana?
The Solana price continues its uptrend above the $200 support. On the 4-hour chart, the altcoin is correcting upwards while moving sideways.
SOL/USD price 4-hour chart – September 7, 2025
The upward movement is expected to meet resistance at the moving average lines and will continue if buyers keep the price above the moving averages. The sideways movement will continue between the $195 support and the $212 resistance if the buyers are unable to break above the moving averages.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.
