TLDR
- Solana price is trading near $193.67 and approaching strong resistance at $210.
- Analysts expect a breakout that could push the Solana price to $360 if technical levels are breached.
- The daily chart shows an ascending triangle pattern that supports the bullish momentum.
- A rejection at $210 could lead to a pullback toward $175 before another upward move.
- The U.S. SEC has delayed decisions on the Bitwise and 21Shares Solana ETFs until October 2025.
Solana price remains in focus as traders position for a potential breakout, despite regulatory uncertainties looming. The asset currently trades near $193.67, showing consistent upward momentum on daily charts. Analysts maintain a bullish stance, forecasting a rise to $360 if market and technical conditions align.
Solana Price Moves Toward $210 as Resistance Zone Tightens
The Solana price is approaching a critical resistance at $210, a level that previously triggered strong reactions. The momentum remains intact as the asset has formed higher lows since April, supporting steady bullish pressure. “Solana is nearing a key inflection point,” said analyst Ali in a recent X post.
According to the analyst, the price may re-test its ascending trendline before launching a multi-phase breakout. On the daily timeframe, Solana price consolidates below resistance but within a visible ascending triangle. If buyers push through $210, Fibonacci levels mark $250, $310, and $360 as possible targets.
Solana $SOL may offer a final buy-the-dip chance before targeting $360! pic.twitter.com/11GZlOpbDr
— Ali (@ali_charts) August 14, 2025
This breakout setup aligns with broader market optimism and previous accumulation phases. However, a failed breakout could push the Solana price back to the $175 zone for re-accumulation. Traders now focus on whether volume will support the next move, as volume often confirms direction.
ETF Ruling Delay Affects Short-Term Sentiment But Not Long-Term Outlook
The U.S. SEC delayed decisions on both the Bitwise Solana ETF and 21Shares Core Solana ETF until October 16, 2025. This postponement limits institutional access, affecting near-term enthusiasm but not the long-term Solana price outlook. Still, the possibility of eventual approval keeps speculative interest alive.
Market participants view the ETF approval as a major liquidity unlock, potentially fueling a stronger rally. A spot Solana ETF could allow retail and institutional exposure through traditional brokerage accounts. “The ruling in October is now a key macro catalyst,” stated one market strategist.
Despite the delay, the Solana price remains structurally bullish due to strong technical signals. Volume spikes at breakouts, historical buybacks on dips, and continued trendline support reinforce this view. Price action near $210 remains the short-term trigger, but the ETF ruling sets the long-term stage.
Breakout Eyes $360 as Analysts Reaffirm Upside Bias
The Solana price setup indicates bullish continuation if current resistance breaks with sufficient market volume. The ascending triangle pattern supports an upward breakout, with Fibonacci extensions guiding the potential path to $360. Historical behavior suggests buyers step in firmly during retracements.
Analysts expect the Solana price to reach higher levels if both technical and regulatory signals align. With the $210 resistance in sight, traders await confirmation to enter positions. Breakout success attracts additional momentum and capital inflows.
