Solana Price Prediction for August as $SOL Officially Prints 10 Consecutive Monthly Red Candles
Solana starts the month of August in a manner that has traders keeping their eyes open on what happens. This is because the SOL price has gone for ten months without posting any gains, making the price fall from almost $296 at the start of 2025 all the way to $73 currently.
What makes the situation more interesting is that institutional money has continued flowing in even as the chart has stayed weak. Spot Solana ETFs have collected about $1.45 billion in cumulative inflows, and Morgan Stanley’s new MSOL ETF attracted $19.06 million on its first trading day.
Add the upcoming Alpenglow upgrade, which is expected to begin rolling out between August and October, and it becomes easier to see why traders are watching August so closely for a possible change in direction.
What you'll learn 👉
Solana’s Recent Price Action
In our analysis of the SOL chart shared by Wise Advice, we noticed that there has been a significant drop in the price of the coin. At the beginning of 2025, SOL hit a high of $295.90, and the price has dropped to $73.19. This represents a fall of 75% from the visualized high point. Solana is still trading much higher than the cycle low at $12.67.
The shorter-term structure is not much better. Solana is trading near $73.30, about 7% below its 100-day moving average near $78.70. A descending trendline from the 2025 highs is converging in the $78–80 area, creating a clear resistance zone overhead.
The key technical battle is happening right now. Support sits in the $70–72 area, with stronger support near $65–68, where Solana bounced in June. Momentum is still weak; the daily RSI is around 42.98, which is below the neutral 50 level.
For the chart to improve meaningfully, the SOL price needs a decisive close above $78–80. That would put $90–95 back in focus. Until that happens, the broader trend remains sideways-to-down.
Read Also: Crypto Price Prediction for Today, August 1: Solana (SOL), XRP, and Shiba Inu (SHIB)
Solana News That Could Affect the SOL Price in August
August is not only about the chart. Solana has several catalysts coming up. The most significant protocol update to look out for will be the staged Alpenglow upgrade planned from August to October 2026. The upgrade has the goal of achieving finality in transactions of 150 milliseconds, which is quite an improvement from the current 12 seconds finality.
Institutional demand is another important factor. BSCN News shared that Spot Solana ETFs have accumulated roughly $1.45 billion in cumulative inflows since launch, with about half coming from institutional 13F filers.
Morgan Stanley's new Solana ETF is already carrying the whole field
— BSCN (@BSCNews) July 30, 2026
One day after launching on NYSE Arca, Morgan Stanley's (@MorganStanley) MSOL pulled in $19.06M, accounting for every dollar of net inflows across US spot Solana ETFs on Wednesday as all other issuers sat flat,… pic.twitter.com/YuU3zHmCHA
A fresh data point came from Morgan Stanley’s new MSOL ETF, which pulled in $19.06 million in net inflows on its first trading day, accounting for all net inflows across U.S. spot Solana ETFs that day.
Solana is also pushing further into payments. Korea’s payment gateway provider, KSNET, which handles approximately 330,000 merchants and processes close to 130 million transactions monthly, has inked a Memorandum of Understanding (MOU) with the Solana Foundation to implement Solana Pay on its platform.
Solana Price Forecast for August
For August, I see three realistic scenarios for the SOL price. In a bearish scenario, support at $70 fails and the market retests $65–68. If that zone breaks, traders would likely start watching $60.
In a base-case scenario, the Solana price stays range-bound between $70 and $80 as traders wait for clearer signals from ETF flows and the Alpenglow rollout. In a bullish scenario, buyers reclaim $80, which opens the door to $85–90 by late August.
My own view is close to that consensus. The ETF and payment news improve the medium-term story, but the chart still needs a confirmed break above $80 before I would expect a stronger August rally.
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