Solana (SOL) Price in August: What to Expect
Date: 2025-08-01 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Solana has firmly established itself as a leader among major altcoins in July. Following the overall rally in the cryptocurrency market, SOL followed Bitcoin’s movement and broke through the $200 mark, reaching a high of $206.19 on July 22. This sharp increase in value was accompanied by increased activity in the Solana ecosystem, with DeFi TVL, DEX trading volume, and overall network revenue all growing. However, towards the end of the month, the price fell below $190, which may indicate that investors are starting to take profits after the July rally.
SOL has gained about 40% from the beginning of July to the 22nd. The rising value of tokens locked in Solana’s lending pools and vaults has contributed to the increase in TVL, which at press time is approximately $9.85 billion, up 14% from the previous month. At the same time, trading volume on decentralized exchanges has also increased, increasing by 30% over the past 30 days to over $82 billion. Thanks to this activity, the network has earned $4.3 million, up about 13% from June.
However, by early August, user activity began to decline. SOL dropped to around $180, and the number of active addresses on the network has decreased by about 16% over the past week. This decline indicates a decrease in participant engagement and the use of decentralized applications. This negatively affects the overall demand for Solana’s services and may slow down further development of the network.
The TVL in DeFi has also decreased over the past seven days, by 8%. This may indicate that users are either withdrawing funds from protocols or the value of assets has decreased due to market fluctuations.
From a technical perspective, the SOL price has approached an important support - the 20-day exponential moving average (EMA) located at $178.25. A break of this line may lead to a further price drop to around $171.78, especially if network activity and trading volumes continue to decline. Otherwise, if market conditions improve, the price may recover to $186.40, and in the case of a successful break of this level, it may rise above $190.
Thus, August may be a month of uncertainty for Solana, when further dynamics will depend on the balance between investor demand and overall network activity. Close monitoring of technical indicators and user behavior trends will help to understand which direction the SOL price will go in the coming weeks.
