Solana News Today: Solana Repeats $190 Resistance as Whales Accumulate and Network Hits 107K TPS

Solana (SOL) traded near $183.90 as of mid-August 2025, showing a daily gain of around 3% but declining over 6% in the past week and approximately 7% in the last month [1]. Daily trading volume reached $6.08 billion, reflecting ongoing investor interest and market volatility [1]. The price remained close to a key resistance range of $185–$190, a level that had previously rejected multiple breakout attempts and continued to influence short-term price dynamics [1].

Technical analysis indicated that Solana had retested this critical resistance zone after a failed breakout earlier in the month. Analyst Jonathan Carter noted that a confirmed move above the $185–$190 level could validate a bullish ascending triangle pattern and potentially drive the price toward higher targets such as $205, $225, and $268 [1]. On the downside, the $165 level acted as support, reinforced by the 100-day moving average. A break below this level could signal a weakening of the bullish structure and increased selling pressure [1].

Momentum indicators supported the possibility of further gains. The Relative Strength Index (RSI) was positioned in the middle range, indicating that the market was not yet overbought or oversold and left room for continued upward movement [1]. Volume patterns also supported a constructive outlook, as trading activity increased during price advances, suggesting stronger participation from buyers [1].

On-chain data reflected a consolidation phase. On August 18, Solana’s Spent Output Profit Ratio (SOPR) stood at 0.9988, indicating that token movements were occurring at a small loss [1]. This suggested a breakeven trading environment, where holders were accepting minor losses rather than selling at a profit, a common sign during consolidation periods [1]. Analysts interpreted this as a potential indicator of market stability before a new directional move [1].

Market analyst Ali Martinez warned that if the $190 resistance level failed to hold, Solana could retreat toward $180 or even $160, levels that had previously acted as support during earlier price corrections [1]. The ongoing consolidation followed a sharp price movement earlier in the month, after which activity had slowed as buyers and sellers struggled to push the price outside the current range [1].

Beyond price action, Solana’s network performance highlighted its growing infrastructure strength. Over the weekend, the mainnet briefly processed more than 107,000 transactions per second (TPS), a new high according to network trackers [1]. Much of this traffic came from “noop” program calls—lightweight instructions often used to test network capacity [1]. Analysts emphasized that this performance demonstrated Solana’s ability to maintain high throughput under stress, reinforcing its position as a high-performance blockchain platform [1].

Whale activity also showed signs of long-term confidence. The number of wallets holding more than 10,000 SOL reached an all-time high, a sign that large holders were continuing to accumulate despite the mixed short-term price outlook [1]. These large positions are often viewed as a key indicator of market sentiment, as whale behavior can influence liquidity and supply dynamics over time [1].

Analysts concluded that Solana remained at a critical juncture. A breakout above $190 could open the path to higher price targets, while a failure to overcome resistance might lead to a deeper correction toward the $165 support level [1]. On-chain signals showed modest selling pressure, while technical indicators suggested potential for further upside [1]. Strong whale accumulation and high network throughput provided additional support for a positive long-term outlook [1].

The next move for SOL would depend on whether the $190 level gave way or continued to act as a barrier. Analysts said these levels would guide short-term momentum in the coming weeks [1].

Source:

[1] Solana Price Retests $190 As Whales Accumulate, Network Hits 107K TPS

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