Solana Breaks $180 as Stakers Withdraw $1.4B

Bitget App

Trade smarter

Bitget

News

Coinspeaker2025/08/08 16:00

By:By Ibrahim Ajibade Editor Kirsten Thijssen

Solana breaks $180 after 17% rally as $1.4 billion in staking withdrawals spark short-term speculation, can bulls target $202 next?

Key Notes

Solana rallied 17% in a week, breaking above $180 for the first time in August 2025.
8M SOL worth $1.4B withdrawn from staking in 5 days, adding to short-term market supply.
SOLUSD technical indicators show next major overhead resistance now lies at the $202 mark, bullish momentum sustains above 20-day MA. .

The Solana price finally broke above $180 on Saturday, Aug 9, 2025, after multiple failed attempts since the start of the month.

The 17% rally over the past week has coincided with 8 million SOL staking withdrawals, suggesting investors are shifting toward short-term speculative trades amid heightened market optimism. According to blockchain analytics platform StakingRewards.com , staking deposits fell from 408.04 million SOL on Aug 4 to 399.93 million SOL at press time.

Solana Breaks $180 as Stakers Withdraw $1.4B image 0

Solana Staking Deposits as of August 9 2025 | StakingRewards.com

At the current price of $180, the withdrawn SOL represents over $1.4 billion reintroduced into the active market supply . While this liquidity boost likely helped push SOL above $180, it also brings potential short-term risks, an oversupply that could accelerate a sharp pullback if current bullish sentiment weakens.

Solana Price Forecast: Can Bulls Push Towards $202?

In the last three days, Solana price has risen 14%, adding another 2% intraday on Aug 9 to touch $182, its highest level in August 2025.

Technical indicators show the daily candle closing above the 20-day moving average, a setup that often signals the potential start of a fresh rally leg. If bullish momentum holds and appetite for short-term plays, fueled by the $1.4 billion staking withdrawals, remains high, SOL price could target the next major overhead resistance at $202, marked by the upper Bollinger Band.

Solana Breaks $180 as Stakers Withdraw $1.4B image 1

Solana Price Forecast | TradingView

For this bullish forecast to be validated, SOL must post multiple consecutive daily closes above the 20-day MA.

On the downside, if market sentiment weakens, the recent oversupply could trigger rapid selloffs. In such a scenario, SOL may quickly retrace toward support levels around $165–$170 before attempting another breakout.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Ethereum and its ecosystem are set to remain in the spotlight in 2025, driven by accelerating institutional adoption and network upgrades. As the world's leading smart contract platform, ETH has benefited from billions of dollars in ETF inflows, fueling a steady price climb. Potential upside catalysts include the Pectra upgrade to enhance performance, large-scale tokenization of real-world assets (RWA), explosive growth in Layer 2 solutions such as Base, and the reduction in circulating supply of the burn mechanism. Ecosystem tokens like Lido (the leader in liquid staking) and Ethena (an innovator in synthetic stablecoins) are also poised to benefit. Institutional participation from major players like BlackRock further boosts demand for DeFi and staking products. As a result, the overall market cap of the ecosystem is expected to continue growing, attracting increasing amounts of mainstream capital.

Bitget VIP•2025/08/16 04:49