Solana Targets 195 After Holding 140 Support

Solana has demonstrated resilience by holding firm at the $140 support level, with traders now setting their sights on $195 as the next resistance target. The cryptocurrency is currently trading around $149.53, showing signs of recovery from recent lows. Market participants are closely monitoring key levels that could influence Solana’s next move, with $195 identified as a significant target.

According to an analysis by Crypto General, Solana recently rebounded from the $140 support area, which has historically served as a base during pullbacks and continues to attract buying interest. The support range between $140 and $142 was tested multiple times in June, with buyers stepping in each time. Maintaining this level is crucial for preserving Solana’s short-term trend. As long as SOL stays above this zone, the outlook remains positive. The local pivot to watch is between $150 and $155, which marks a key short-term decision point.

The next major resistance for SOL stands around $195, which has previously acted as both support and resistance. According to an observation, price action is testing a descending trendline around $154–$155. A breakout above this range could trigger stronger momentum and a potential move toward $195. Technical formations are now aligning, with an inverse head and shoulders pattern developing. The neckline of this pattern is at $158, with a target of $192 upon breakout. If Solana holds above $149 and pushes through $155, this structure could complete. The area between $147.93 and $149.36 remains key for short-term support, especially after the recent ETF news spike.