Solana News Today: Solana Price Nears $190 Resistance With $260 Target in Sight

Several technical indicators are currently flashing bullish signals for Solana (SOL), with analysts suggesting that the next major price target could be $260. The Solana price chart has shown a strong and intact uptrend, maintaining higher highs and lows, while the $175 support level served as a temporary floor before a recent rebound to $180. On the weekly chart, the asset is pressing against a critical $190 resistance zone, which, if cleared, would signal a continuation of the bullish trend toward $258 and beyond [1].

The SOL chart has formed a bull flag pattern on the daily time frame, a bullish continuation structure that typically resolves with an upward breakout. The price has already tested the flag’s upper boundary at $190, and a daily close above this level would validate the pattern, potentially propelling SOL toward the $258 target, which represents a 41% increase from the current level. Zooming out to the weekly chart, SOL has been forming a V-shaped recovery since late 2025, with the next logical target at the neckline of $260, completing the pattern and signaling a 43% gain [1].

In addition to chart patterns, on-chain metrics and network activity are reinforcing the bullish case. The relative strength index has risen from 34 to 54, indicating increasing bullish momentum. SOL is also trading above key moving averages on both daily and weekly charts, suggesting strong support if the price pulls back. On the lower time frames, the altcoin remains above the 100-day and 200-day SMAs, further supporting the case for a sustained uptrend [1].

Capital flows into Solana have also surged, with over $1 billion in bridging inflows recorded in the last 30 days. Solana now accounts for more than 42% of recent bridging volume, surpassing Ethereum, Arbitrum, and Base. This trend reflects growing institutional and retail confidence in Solana’s ecosystem, particularly in decentralized finance (DeFi) and high-transaction throughput environments, which could sustain long-term demand and price strength [3].

Short-term analysis reveals a falling wedge forming on the 4-hour chart, a bullish reversal pattern that gains strength when confirmed by breakout volume. Price has been rebounding off the wedge’s lower boundary near $176, and a breakout above $188–$190 would mark the first confirmation of renewed upward momentum [4].

Analysts have also weighed in, with technical analyst Jonathan Carter identifying an ascending triangle pattern that projects a potential upward breakout. A confirmed bounce from the current resistance zone could validate the structure and send the price toward $205, $225, and eventually $268 [1]. Another analyst, known as Crypto King, has highlighted a perfect bounce from an uptrend line, suggesting that higher lows have been confirmed and that the target remains the $295 all-time high [1].

Despite the bullish technical structure, whale activity has introduced caution. A large whale recently unstaked 98,291 SOL (worth $17.83 million) and transferred it to Binance, a move that could signal potential selling pressure or hedging activity. While this does not invalidate the larger bullish case, it underscores the risk of short-term volatility if profit-taking accelerates [4].

In summary, Solana’s technical setup and on-chain fundamentals remain aligned with a bullish trajectory. Accumulation patterns, rising liquidity, and growing network demand all suggest that a potential breakout is near. However, whale movements and short-term volatility should be closely monitored to assess the likelihood of sustained upward momentum.

Source: [1] Cointelegraph (https://cointelegraph.com/news/sol-chart-is-the-most-bullish-in-crypto-right-now-is-dollar260-next)

[2] Brave New Coin (https://bravenewcoin.com/insights/solana-price-prediction-whale-moves-add-caution-as-bulls-target-240-260-range)

[3] Brave New Coin (https://bravenewcoin.com/insights/solana-price-prediction-etf-fueled-momentum-could-push-sol-toward-250-260-range)

[5] Mitrade (https://www.mitrade.com/au/insights/news/live-news/article-3-1047969-20250818)