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Solana price gathers positive momentum - Analysis - 15-08-2025
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Solana price gathers positive momentum - Analysis - 15-08-2025
Aug 15, 2025 7:10 AM

Solana (SOLUSDT) price declined in its latest intraday trading, in an attempt to gain positive momentum that may help it recover and rise again. This comes amid the dominance of an upward trend, with trading along a minor ascending trend line supporting this path, and continued positive pressure from trading above its previous 50-day SMA. In addition, we note the beginning of a bullish crossover in the RSI after it reached extremely oversold levels, which is excessive compared to price movement. This suggests the formation of a potential bullish divergence, which could amplify the positive momentum surrounding the price.

Therefore, we expect the price to rise in its upcoming intraday trading, as long as the support level of 186.80 remains intact, targeting the key resistance level of 206.30.

Todays price forecast: Bullish

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