Solana price is trading around $201.15 after a sharp upside move that cleared multiple resistance layers. The breakout has shifted market sentiment firmly bullish as price exits a multi-week compression phase and enters the upper half of its rising channel. With derivatives data showing a surge in open interest and long-heavy positioning, traders are eyeing whether this move can extend toward the next Fibonacci target. Solana Price Forecast Table: August 14, 2025 Indicator/Zone Level / Signal Solana price today $201.15 Resistance 1 $218 (Fib 0.618) Resistance 2 $230 (Channel Upper Bound) Support 1 $198–$200 (VWAP) Support 2 $185.50 (4H EMA20) Channel Structure Bullish, midline breakout RSI (30-min) 73.65 (Overbought) MACD (4H) Bullish Expansion Bollinger Bands (4H) Expanded, volatility breakout EMA Cluster (4H) Bullish stack above $173 Smart Money BOS Above $196, liquidity taken Open Interest (Futures) $11.95B (+22.38%) Options Volume $11.57M (+297.71%) Long/Short Ratio (Binance) 2.7397 (Top Traders) What’s Happening With Solana’s Price? SOL price dynamics (Source: TradingView) On the daily chart, SOL has rallied from the $170 region to above $200 in less than a week, breaking above the channel midline and a descending trendline that capped gains since February. The structure remains within a rising channel, with upper boundary resistance now near $230. Key support sits between $178 and $182, aligning with prior demand zones. SOL price dynamics (Source: TradingView) The breakout is further confirmed on the 4-hour chart, where price escaped a symmetrical triangle, closing well above the $185.50 EMA20 resistance. Bollinger Bands have expanded sharply, showing volatility expansion. All EMAs (20/50/100/200) are stacked bullishly below current price, with the 200 EMA at $173.53 providing strong dynamic support. Why Solana Price Going Up Today? SOL price dynamics (Source: TradingView) Technical breakout and strong derivatives market activity are driving the surge in Solana price today. Smart Money Concepts on the daily chart show a clear Break of Structure (BOS) above $196, with liquidity taken from the $200–$202 supply zone. We are now challenging the “weak high” at $202, and a successful close above could potentially trigger further upside. SOL price dynamics (Source: TradingView) From a Fibonacci perspective on the weekly chart, SOL has broken above the 0.5 retracement at $194 and is approaching the 0.618 level at $218. This makes $218 a critical resistance zone that could define the short-term rally’s top. SOL price dynamics (Source: TradingView) On the intraday 30-minute chart, price remains above VWAP at $197.57, showing continued buyer dominance. RSI is elevated at 73.65, indicating overbought conditions but not yet triggering a reversal signal. Short-term pullbacks toward $198–$200 could act as consolidation before another leg higher. Bollinger Bands, EMA Structure, and Volume Rise Bollinger Band expansion on the 4-hour timeframe signals the start of a volatility cycle, with price now testing the upper band around $202. EMAs show strong bullish alignment, and the breakout candle above $185.50 resistance came with increased volume, confirming buyer commitment. SOL Derivative Analysis (Source: Coinglass) Derivatives data reinforces the bullish bias. Futures open interest is up 22.38% to $11.95B, while options volume has surged 297.71% to $11.57M. The Binance long/short ratios heavily favor longs, with top traders holding more than 2.7 long positions for every short. This positioning suggests traders expect continuation rather than immediate rejection. SOL Price Prediction: Short-Term Outlook (24H) If Solana price sustains above $200, the next target lies at the $218 Fibonacci 0.618 level. Beyond that, $230 becomes the upper channel boundary and medium-term target. A decisive break above $218 with strong volume could open the way toward $255, the 0.786 Fibonacci level. On the downside, initial support is at $198–$200 (VWAP zone), followed by $185.50 (EMA20 on the 4-hour chart) and $178–$182 (daily demand zone). A close back below $185.50 would negate the immediate bullish breakout and risk a deeper retracement toward $171. Given the current momentum, bullish EMA alignment, and strong derivatives inflows, the bias for the next 24 hours remains positive, with pullbacks likely to be bought quickly. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.