On August 10, 2025, Solana’s four-hour chart showed the formation of a bullish flag pattern.
This setup developed after a sharp upward rally in mid-July, followed by a downward-sloping consolidation channel. A bullish flag pattern appears when strong price momentum forms a steep rise known as the flagpole, then consolidates in a parallel, downward-sloping range before resuming the upward trend. Traders view this structure as a continuation pattern, often signaling further gains once the price breaks above the consolidation zone.
After breaking out of the flag’s upper boundary, Solana climbed about 7 percent from the breakout point, confirming the pattern’s validity. Based on the measured move principle, which projects the flagpole’s height from the breakout point, Solana could rise an additional 22 percent toward the $222.87 target level. The price is currently trading around $182.43, supported by the 50-period EMA at $174.59. This positioning indicates that momentum remains in favor of the bulls, with volume activity showing healthy participation during the breakout phase. If buying pressure holds, the projected move could complete in the coming sessions, aligning with the historical reliability of bullish flag continuations.
Solana MACD Signals Bullish Momentum
The MACD chart for Solana on August 10, 2025, shows the blue MACD line positioned slightly below the orange signal line at 3.20 versus 3.22. Despite this narrow gap, both lines remain in positive territory, suggesting underlying bullish momentum. The histogram has moved close to the zero line, indicating that bearish pressure from earlier in August has eased significantly.
Since early August, the MACD line has risen sharply from oversold levels, crossing above the signal line and confirming a bullish crossover. This move coincided with increased price action following the breakout from the bullish flag pattern seen on the main chart. Although the histogram bars have slightly diminished in height, the overall structure remains positive, reflecting a steady upward trend rather than a reversal. If the MACD line maintains its upward slope and the histogram turns more positive in the next sessions, it would reinforce the bullish breakout target near $222.87. However, a flattening or downward cross could signal short-term consolidation before further gains.
Solana Balance of Power Shows Buyer Dominance
On August 10, 2025, Solana’s Balance of Power (BOP) indicator registered at 0.63, signaling that buying pressure currently outweighs selling activity. The positive reading reflects a strong influence from bulls in recent sessions, consistent with the price breakout from the bullish flag pattern.
Throughout the past week, BOP has trended mostly in the positive zone, confirming that buyers have maintained control since the early August reversal. This aligns with the RSI staying above the midpoint and the MACD remaining in bullish territory. While BOP readings can fluctuate sharply intraday, sustained values above zero often indicate that buyers are in a position to push prices higher. The current BOP level supports the expectation of continued upside toward the $222.87 target, provided that buying momentum holds and is reinforced by broader market strength.
Solana RSI Maintains Bullish Territory
On August 10, 2025, Solana’s 14-period RSI stood at 60.86, with its moving average at 62.33. Both values remain firmly above the neutral 50 level, indicating continued bullish momentum. The RSI’s steady climb from oversold levels in early August reflects strong market recovery following the breakout from the bullish flag pattern on the price chart.
Although the RSI has slightly pulled back from the recent peak, it stays in a range that allows further upside before approaching the overbought threshold at 70. This suggests that buyers still have room to push prices higher without triggering immediate selling pressure. The indicator’s position supports the bullish outlook given by other technical signals, such as the MACD’s positive alignment and the Balance of Power’s strong reading. Together, these point to sustained upward potential toward the $222.87 breakout target.
Solana SMI Signals Mild Bullish Momentum After Pullback
On August 10, 2025, Solana’s Stochastic Momentum Index (SMI) showed the blue %K line at 8.72 and the orange %D line at 14.39. Both values remain in the positive zone, indicating bullish momentum, but they have recently declined from higher levels seen earlier this month. This drop reflects a short-term cooling after a strong upward push, aligning with the minor consolidation phase following the bullish flag breakout on the price chart.
The %K line has dipped below the %D line, suggesting a possible short-term pause or mild retracement before buyers regain dominance. However, since the readings remain well above the oversold threshold, the broader bullish structure remains intact. If the %K line turns upward and crosses above %D again, it would signal renewed momentum toward the $222.87 target. Current SMI positioning indicates that while momentum has eased slightly, the underlying trend still favors the bulls, supported by RSI, MACD, and Balance of Power readings.