Solana Boasts Breakout Potential – Will It Hit $268? Or Just Fizzle Out? đŸ€”đŸš€

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TL;DR (or, Why Your Cat Might Be Interested)

  • Solana’s throwing a bit of a tantrum at $185-$190, eyes on the prize at $205, $225, and a daring dash to $268 – or so the charts suggest.
  • The SOPR index is below 1, meaning most folks are selling at a bumpy loss. Apparently, everyone’s just waiting for the next big thing while pretending to be casual. đŸ’€
  • Whale wallets over 10,000 SOL are partying hard, hitting records, while the network briefly high-fives itself at a whopping 107,540 TPS. Because why not?

Solana’s Jolly Longs and Shorts Dance Near a Key Resistance

At press time, Solana is chillin’ at $182-up a modest 4% for the week, because who needs fireworks when you’ve got mood swings? Daily volume? A hefty $5.22 billion-plenty of room for a jolly good rally or a swift tumble.

Chart watchers have spotted an ascending triangle, which sounds fancy but mainly means Solana’s been teasing a big move while respecting an ever-trusty upward trendline. Repeated tests of the $185-$190 zone suggest a lady in waiting for a breakout-or a false alarm, depending on your mood.

Jonathan Carter, the oracle of crypto, says that if Solana convincingly busts out, targets of $205, $225, and even a cheeky $268 are well within reach. Or so the charts insist. A bounce from support around $165 could keep the party going; break below, and it’s curtains.

#SOL is flirting with resistance again-this time, it better not fake out again. A confirmed bounce could send prices soaring to those nifty levels everyone’s pretending not to be greedy about.

– Jonathan Carter (@JohncyCrypto) August 19, 2025

The tightrope walk continues: resistance at $185-$190, with an escape hatch at $165 (support keeping it cozy). RSI’s in a sweet middle ground-neither overbought nor oversold-giving traders enough wiggle room to dream of moonshots. Meanwhile, volume picks up when the price rises, so the bulls seem to be giving the thumbs-up.

On-Chain Gossip and SOPR Sagas

As of August 18, SOPR is just shy of 1 at 0.9988-meaning most coins are just below break-even, like a group of dancers trying not to step on each other’s toes. There was some profit-taking earlier in the rally above $200, but now everyone’s just milling about, waiting for the next move.

SOPR Chart

Ali Martinez, the soothsayer of crypto, warns that if resistance sticks around, Solana might retreat to $180 or maybe even dip to $160-support levels that have previously been friends to the coin.

Network Chaos and Whale Shenanigans

Over the weekend, Solana temporarily danced with over 100,000 transactions per second-peaking at a dizzying 107,540 TPS. Most of this involved lightweight “noop” commands, probably testing the boundaries of digital patience.

Meanwhile, whale wallets with more than 10,000 SOL are setting records of their own-accumulating more, as if waiting for King Sol to shine brighter while the price swings like a mad rollercoaster in a funfair.

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2025-08-19 20:57