Solana News Today: Solana Approaches Key $185–$188 Support With $360 Rally Potential

Generated by AI AgentCoin World
Friday, Aug 15, 2025 11:47 pm ET2min read
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Aime RobotAime Summary

- Analysts highlight Solana's $185–$188 support zone as critical for triggering a potential $360 rally if bulls hold above key Fibonacci levels.

- Technical patterns show an ascending triangle with $210 resistance, whale accumulation (5,224 wallets holding ≥10k SOL), and $30M+ short liquidations boosting bullish momentum.

- ETF optimism persists despite SEC delays, with 95% approval probability estimates and growing institutional interest from VanEck, Grayscale, and Invesco Galaxy.

- Projected price targets range from $250 to $362 based on wave corrections and breakout scenarios, though regulatory risks remain.

Analysts are closely monitoring

Solana
(SOL) as it approaches a critical support zone between $185 and $188, with optimistic forecasts suggesting a potential rally toward $360 if the price holds within this range. Technical indicators and market data point to the possibility of a final buy-the-dip opportunity, supported by the asset’s sustained liquidity and strong performance in the derivatives market [2].

According to an analysis from Ali Charts, Solana has been forming an ascending triangle since April, characterized by higher lows and a key resistance level near $210. Fibonacci retracement levels show potential support at $178, $151, and $139. The price began its most recent rally from around $175 on August 8, pushing above $200 by August 13 before peaking just above $210. A subsequent pullback brought the price below $190, but it has since recovered to current levels [2].

Crypto VIP Signal suggests that traders may consider adding positions in the $185–$188 range if the price holds, as a successful consolidation in this area could serve as a catalyst for a breakout above resistance, potentially leading to higher targets. Open interest data from Coinglass shows a steady increase since December, aligning with the price action. Recent gains to $209 triggered over $30 million in short liquidations within 24 hours, reducing immediate selling pressure and supporting further upward movement [2].

Another analyst, Ali Martinez, identified the $210 level as a key breakout trigger within an ascending triangle pattern. Martinez also noted a potential pullback to $176, where the 0.786 Fibonacci retracement could provide support ahead of a renewed upward move. A successful breakout above $210 could lead to price targets at $250, $277, $321, and ultimately $362, with the long-term uptrend from early April reinforcing the bullish case [3].

Strong on-chain data also supports the bullish narrative. Whale accumulation has reached record levels, with the number of wallets holding at least 10,000 SOL reaching 5,224, each holding approximately $2 million in the asset. This represents growing institutional confidence and increased buying pressure that could help overcome key resistance levels [3].

Further bullish sentiment comes from the evolving regulatory environment. The U.S. Securities and Exchange Commission (SEC) delayed its review of Solana ETF applications from Bitwise, 21Shares, and Canary Capital until October 16, 2025. Despite this, ETF analysts remain optimistic about the likelihood of approval, with some estimating a 95% chance. VanEck, Grayscale, and Invesco Galaxy are also pursuing Solana ETF approvals, signaling growing institutional interest [3].

Analyst projections remain varied but generally optimistic. Some suggest that after a completed five-wave correction, the price could target $295 as a short-term high, with the $180–$185 range serving as a crucial support zone. If the price breaks above $210, additional targets could include $235, $263, and ultimately $360 [3].

These forecasts are based on technical patterns and on-chain data, highlighting the increasing conviction among analysts that Solana could be entering a new bullish phase. However, as with all financial markets, these projections are subject to change based on evolving conditions and regulatory developments. Investors are encouraged to conduct their own research before making investment decisions.

[1] [2] [3]

Source: [1] Solana Price Prediction: On-Chain Growth and Technicals Align for Next Bullish Leg Toward $259 (https://bravenewcoin.com/insights/solana-price-prediction-on-chain-growth-and-technicals-align-for-next-bullish-leg-towards-259)

[2] Analysts Predict Solana Price Could Hit $360 If Bulls Break This Resistance (https://themarketperiodical.com/2025/08/15/analysts-predict-solana-price-could-hit-360-if-bulls-break-this-resistance/)

[3] Solana Approaches Critical Resistance Level: Will It Break? (https://www.onesafe.io/blog/solana-price-analysis-crypto-payroll-breakout)