Solana News Today: Solana Holds Above $173 Support, Eyes $190 Resistance for Next Move

Solana is currently demonstrating robust price resilience, with the cryptocurrency holding above the critical $173 support level. A recent dip to $173.43 was quickly reversed, with the price rebounding to $175.43 and reaching an intraday high of $186.80. Analysts are closely watching the $190 resistance level as a key technical threshold. A successful breakout could propel the price toward a retest of the $206.30 high, reinforcing the strength of buyer sentiment in the market [2].

The current trading volume stands at $603.8 million, underscoring Solana’s growing presence in the broader crypto ecosystem. This momentum is further supported by the cryptocurrency’s ability to maintain control above the $173 level, a sign of its structural strength amid ongoing price consolidation. The next major price movement is expected to be driven by momentum and on-chain activity, which have historically played a decisive role in Solana’s trajectory [2].

Experts suggest that the recent price action reflects a mix of short-term volatility and long-term optimism. While some analysts anticipate a brief pullback, they also note that such a correction could present a final buying opportunity before a potential upward move. In particular, one analysis states that a mild pullback could be followed by a significant rise to higher levels, provided the asset remains above key support thresholds [1].

The SEC’s postponement of its decision on Solana’s ETF application until October has introduced uncertainty into the market. However, analysts generally believe this delay is unlikely to significantly affect the cryptocurrency’s price action. One analyst noted that despite the regulatory holdup, Solana is still on track for a price surge up to $360 [3]. This forecast, however, remains speculative and should be viewed as an analyst prediction rather than an actual market outcome [4].

In the broader market, Solana’s movements have had a ripple effect on other cryptocurrencies. Assets like Polygon are also at critical junctures, with recent consolidations and resistance levels drawing investor attention. While Solana remains the central focus of market discussions, its influence on the wider crypto landscape continues to grow, particularly in terms of technical performance and institutional interest [1].

Looking ahead, the price of Solana could be positioned to break above $190, aligning with a broader upward trend that may see it reach $200.2 by early September, according to one analyst’s projection [4]. However, it is essential to distinguish such forecasts from actual market performance. The path forward remains subject to ongoing volatility, regulatory developments, and broader market sentiment.

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[1] https://coinmarketcap.com/community/articles/689e415d42db4454689f8eb6/

[2] https://www.mitrade.com/au/insights/news/live-news/article-3-1041968-20250815

[3] https://www.ainvest.com/news/solana-news-today-polygon-solana-face-key-price-levels-blockdag-surges-2-660-presale-2508/

[4] https://coinunited.io/en/data/prices/crypto/solana-sol/price-prediction