{"id":91321,"date":"2025-08-26T10:38:08","date_gmt":"2025-08-26T10:38:08","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=91321"},"modified":"2025-08-26T10:38:08","modified_gmt":"2025-08-26T10:38:08","slug":"solana-sol-slips-under-190-after-harsh-rejection-whats-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=91321","title":{"rendered":"Solana (SOL) Slips Under $190 After Harsh Rejection: What\u2019s Next?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Solana pulls back after a failed breakout at $205, now trading below $190 in correction mode.
\nAnalysts pinpoint $176 as critical support; a rebound could restart the push toward $300.
\nPantera and others plan billions in Solana-focused funds despite short-term market weakness.<\/p>\n

SOL Pulls Back After Resistance Test at $205<\/h2>\n

Solana (SOL) is trading below $190 after failing to break through the $205\u2013$206 resistance level. As of press time, the asset is priced at $188, marking a 6% decline over the past 24 hours. The drop follows a recent 20% rally that lost strength once the price approached the key resistance zone.<\/p>\n

Crypto analyst BitGuru commented<\/a>,<\/p>\n

\u201c$SOL is trading around $189, after failing to hold momentum above the $205\u2013$206 resistance zone.\u201d<\/p>\n

The pullback has placed the token into a mid-range zone, with no immediate support nearby. Traders are now watching for a move toward the $172\u2013$176 demand area, which previously sparked vigorous buying activity.<\/p>\n

<\/a>Source: X<\/p>\n

Remarkably, technical patterns suggest that the $172\u2013$176 region could serve as the next key level. This area acted as a base for the earlier upward move<\/a> and could offer support again. A strong price reaction here could mark the end of the current retracement.<\/p>\n

According to BitGuru, \u201cA strong reaction at the $172\u2013$176 demand zone\u201d <\/em>is expected. If this level fails to hold, the next support may form around $160. The market appears to be in a short-term corrective phase, waiting for confirmation of new buying interest at lower levels.<\/p>\n

Long-Term Structure Points to Breakout Potential<\/h2>\n

Analyst Ali Martinez shared a longer-term view showing an ascending triangle pattern on the 12-hour chart. The price has been forming higher lows since March 2025, with repeated rejections near the $205\u2013$207 area. This setup indicates building pressure beneath a flat resistance.<\/p>\n

He wrote,<\/p>\n

\u201cSolana $SOL rejected again. Buy the dip at $176 or the breakout at $207. Target stays $300.\u201d<\/p>\n

Notably, the chart outlines possible breakout<\/a> targets using Fibonacci extensions, placing the next resistance zones at $250, $277, and $320. These projections depend on a clean break above $207 with sustained volume.<\/p>\n

Solana $SOL<\/a> rejected again. Buy the dip at $176 or the breakout at $207. Target stays $300. pic.twitter.com\/eUwWJMYOgu<\/a><\/p>\n

\u2014 Ali (@ali_charts) August 26, 2025<\/a><\/p>\n\n

Institutional Capital Shows Continued Interest in Solana<\/h2>\n

Solana remains a focus for large investment firms. Pantera Capital is preparing to raise $1.25 billion for a Nasdaq-listed company with Solana as a core asset. The fund will begin with $500 million, followed by another $750 million through warrants, according<\/a> to The Information.<\/p>\n

Galaxy Digital, Jump Crypto, and Multicoin Capital are also said to be raising $1 billion for a joint<\/a> Solana reserve. Cantor Fitzgerald is reportedly leading the fundraising, with support from the Solana Foundation.<\/p>\n

Meanwhile, Sharps Technology announced<\/a> a $400 million private placement, backed by firms such as Pantera and ParaFi Capital, to build a digital asset treasury based on Solana.<\/p>\n

The post Solana (SOL) Slips Under $190 After Harsh Rejection: What\u2019s Next?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Solana pulls back after a failed breakout at $205, now trading below $190 in correction mode. Analysts pinpoint $176 as critical support; a rebound could restart the push toward $300. Pantera and others plan billions in Solana-focused funds despite short-term market weakness. SOL Pulls Back After Resistance Test at $205 Solana (SOL) is trading […]<\/p>\n","protected":false},"author":0,"featured_media":91322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91321"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91321"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91321\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91322"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}