Solana Price Prediction for August 26: Sideways Trading Expected

The Solana (SOL) price has experienced a decline of 3.55% since yesterday, according to CoinStats. Data suggests the token’s hourly chart shows a false breakout above local resistance at $192.32. If the daily close falls away from this level, sellers may re-enter the market, potentially leading to a test of the $185 support zone. However, on longer timeframes, neither bulls nor bears seem to be in firm control of the market’s direction, indicating low volatility is likely soon. Looking ahead, analysts predict sideways trading within the range of $180-$195 is the most probable outcome. On a mid-term view, while bulls failed to sustain their previous upward momentum following the previous bullish bar, if the weekly price close remains near current levels or falls below, this may lead to a further correction to the $170-$180 area.