Solana News Today: Solana Nears $188 Resistance Amid Ethereum Rally and 3.13% Price Surge

Recent developments in the cryptocurrency market have positioned Solana (SOL) at a critical juncture amid growing investor interest, particularly in the wake of renewed enthusiasm for Ethereum (ETH). Solana is currently approaching a key resistance level at $188, according to MakroVision, a cryptocurrency analysis firm. A successful breakout above this level could drive the price toward $223, signaling further upward momentum [1]. Analysts have also noted that the $153–$157 range serves as a crucial support zone; a break below this level could trigger a deeper correction [1].

In recent trading sessions, Solana has demonstrated resilience. On August 7, 2025, the price rose 3.13% to $180.75 following Coinbase’s launch of SOL perpetual futures, which boosted market sentiment and trading activity [7]. By August 9, the price had reached $181.96 with a 24-hour gain of 2.57% [6]. The asset’s upward movement is being closely monitored as it nears the $188 level, which is seen as the “next big test” in the medium-term outlook [1].

The broader altcoin market has shown signs of strength, with Ethereum leading the charge. ETH has gained approximately 20% in the past week, contributing to a more optimistic market environment. Solana, while not outpacing ETH in gains, remains a focal point for investors comparing Ethereum’s Layer-2 fee reductions with Solana’s 8% validator yields [5]. With Ethereum encountering resistance around the $4,000 level, Solana is increasingly viewed as a potential alternative or complement within the altcoin space [5].

Looking ahead, analysts have proposed various price targets based on different scenarios. A pullback into the $162–$165 range is seen as a possible precursor to a rebound, with a subsequent move toward $172.33 and eventually $185–$190 if the breakout is successful [3]. More optimistic forecasts suggest that Solana could potentially rise past $250, reflecting heightened confidence in its prospects [4]. However, it is important to distinguish between actual price movements and analyst projections—while these forecasts highlight potential scenarios, they should not be interpreted as definitive outcomes.

Despite the bullish outlook, caution remains in the market. While some experts are optimistic about other cryptocurrencies like Remittix, Solana’s trajectory is largely dictated by its own technical and market-driven factors [8]. As the price continues to hover near key resistance, the next few days will be critical in determining whether the uptrend can be sustained.

Source:

[1] Everyone is Talking About Ethereum: So What Can We Expect from Solana (SOL)? What is the Latest on the Price? https://en.bitcoinsistemi.com/everyone-is-talking-about-ethereum-so-what-can-we-expect-from-solana-sol-what-is-the-latest-on-the-price/

[3] Solana Price Prediction Targets $185 After Pullback https://www.mitrade.com/insights/news/live-news/article-3-1026291-20250809

[4] Solana Price Prediction: SOL To Rally Past $250 But ... https://coindoo.com/solana-price-prediction-sol-to-rally-past-250-but-analysts-favor-rtx-for-50x-growth-potential/

[5] Ethereum Solana Battle Heats as Altcoin Season Gains ... https://www.ainvest.com/news/ethereum-news-today-ethereum-solana-battle-heats-altcoin-season-gains-momentum-2508/

[6] Solana (SOL) Price prediction https://www.bitget.com/price/solana/price-prediction

[7] Solana price rises 3.13% as Coinbase launches perpetual ... https://tradersunion.com/news/cryptocurrency-news/show/427452-solana-rises-as/

[8] Ethereum and Remittix Prices Poised for Explosive Surge ... https://coincentral.com/ethereum-and-remittix-prices-poised-for-explosive-surge-as-shiba-inu-lags-behind/