Solana Price Drops To $185 — Here’s Why The Momentum Didn’t Last

The Solana price experienced all phases of the crypto market this week, starting with a muted performance of around $180. However, the past seven-day period took a better turn when the altcoin surged above the $200 mark, rising as high as $205 on Thursday, August 14.

Unfortunately, the Solana price didn’t enjoy this return above the $200 level for long, crashing—like the rest of the crypto market—back toward its early-week position around $180. A popular crypto analyst on the social media platform X has revealed that SOL’s downturn was no coincidence.

In an August 15 post on the X platform, crypto pundit Burak Kesmeci evaluated the broader performance of the Solana price in 2025 and its impact on recent price action. Specifically, the on-chain analyst identified the $188 level as crucial to Solana’s recent price movements.

This evaluation revolves around the Fixed Range Volume Profile (FRVP) indicator, which provides insights into the distribution of trading volume across various levels on a price chart. In essence, the FRVP indicator helps identify regions with the most trading activity within a specific period.

According to Kesmeci, the FRVP high-volume trading level currently lies around the $150 Solana price region. The crypto analyst noted that investors can expect SOL to continue its upward trajectory as long as its price stays above this high-volume trading level.

Kesmeci, however, noted that another significant level in the FRVP is the Value Area High (VAH), which represents the upper boundary of the value area (a price range where 70% of the volume traded). The VAH level is often considered a resistance zone where prices may stall or experience a reversal. 

The crypto analyst identified $188 as the Value Area High (the green line in the chart above) for the Solana price. According to Kesmeci, the altcoin has struggled to stay above this VAH level so far in 2025—a trend witnessed in the past day.

Further in the post on X, Kesmeci pinpointed $170 – $179 as another Solana price region with significant trading activity. The analyst revealed that this zone could act as a support cushion should the price of SOL witness a correction. 

Kesmeci added: 

If Solana can shift its high-volume trading level upward, the bullish trend could strengthen.

As of this writing, the price of Solana sits just above $180, reflecting a nearly 5% decline in the past 24 hours. Nevertheless, this drab 24-hour performance was not enough to push the altcoin’s weekly action into the red. According to CoinGecko data, the SOL price is up by over 4% in the last seven days.