Solana breaks $180 after 17% rally as $1.4 billion in staking withdrawals spark short-term speculation, can bulls target $202 next?
By Ibrahim Ajibade
Editor Kirsten Thijssen
Updated
2 mins read
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 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At the current price of $180, the withdrawn SOL represents over $1.4 billion reintroduced into the active market supply.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.
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 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: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
