Solana News Today: Solana Approaches $190 Resistance With $268 Price Target in Focus

Solana (SOL) is once again drawing attention from cryptocurrency analysts, who are closely monitoring its movement near key resistance levels that could determine its next major price direction. Currently trading near the $185–$190 range, the altcoin is retesting the upper boundary of a long-formed ascending triangle on the daily chart. This pattern, identified by market technician Jonathan Carter, suggests the potential for a bullish breakout, with a price target of $268 being discussed among traders and analysts [1].

According to Carter’s technical analysis, Solana has been consolidating within this range for months, having previously attempted and failed to break out above $190. This time, however, the setup appears more promising, with the price finding consistent support along an ascending trendline and gradually approaching the upper resistance. A confirmed breakout above $190 with strong volume could validate the bullish structure and open the door for a rally toward $205, $225, and eventually $268 [2].

The potential for a move to $268 has gained traction among market participants, especially as Solana's price action shows signs of consolidation. A recent dip to the $181 level may present an entry opportunity for investors, but the path to the higher targets remains contingent on the asset’s ability to clear key resistance. A failure to break above $190 could result in a pullback toward support levels, potentially undermining short-term bullish sentiment [3].

In addition to Carter’s analysis, crypto analyst Ali Martinez has suggested that a temporary pullback could precede the next rally. His 8-hour chart indicates that Solana could face downward pressure, bringing the price closer to $160. Martinez views this potential correction not as a bearish signal, but as a strategic opportunity for buyers to accumulate before the next upward move. The $160 area is identified as a key support level where buyers are expected to step in and prevent further declines [4].

The market's reaction to the current retest will be closely watched, as Solana remains one of the most volatile and high-performing cryptocurrencies. While $268 is an analyst forecast, the technical indicators suggest that Solana is still in an uptrend. The current price action represents a critical moment in determining whether the asset will continue its bullish trajectory or face a period of consolidation [5].

Sources:

[1] https://www.newsbtc.com/news/solana/solana-is-not-dead/

[2] https://www.mitrade.com/au/insights/news/live-news/article-1-1055726-20250821

[3] https://www.mitrade.com/insights/news/live-news/article-3-1055771-20250821

[4] https://www.fastbull.com/news-detail/key-republican-senator-expects-democratic-support-for-us-news_6100_0_2025_3_8544_3/6100_ADA-USDT

[5] https://www.coingecko.com/en/coins/solana/inr