As of August 13, 2025, Solana (SOL) has seen a significant price increase, trading at $194.77, which represents a 10.48% rise from its previous closing price. The cryptocurrency experienced an intraday high of $194.91 and a low of $174.07, indicating active price discovery. Technical indicators suggest a strong bullish trend for Solana, with the 30-minute Relative Strength Index (RSI) at 35.98, hinting at short-term oversold conditions that could precede a rebound. Solana is currently trading above its key Simple Moving Averages (SMAs), including the 7-day at $182.16, 20-day at $176.74, 50-day at $168.18, and 200-day at $158.78, reinforcing the perception of robust bullish momentum. The MACD line is at 3.9075, significantly above the signal line at 2.2411, with a positive histogram reading of 1.6664 confirming expanding bullish momentum. Solana's trading position at 0.9264 of its Bollinger Band width, nearing the upper resistance of $196.72, highlights strong upward movement as it approaches potential resistance levels.
Market sentiment surrounding Solana has been notably positive, amplified by increased social media attention, with Solana and Unilabs reportedly dominating social media trends throughout August 2025. Analysts have projected price targets for Solana in August 2025 ranging between $190 and $220. Further bolstering confidence in Solana's utility and future potential, Jeff Bezos' space venture, Blue Origin, announced on August 11, 2025, that it would integrate Solana for payments. This partnership, facilitated by the global digital payments platform Shift4, allows Blue Origin passengers to use Solana for deposits, signaling growing acceptance of cryptocurrencies in high-value transactions. The integration allows payments via Bitcoin, Ethereum, Solana, USDT, and USDC, with users able to connect wallets like Coinbase or MetaMask for secure transactions.