Solana Eyes Key $185–$190 Zone as Coinbase Prepares to Launch SOL Perpetual Futures
Main Idea
Solana (SOL) is consolidating near a key resistance zone of $185–$190, with potential for a breakout, while Coinbase prepares to launch nano Solana perpetual futures to expand its crypto derivatives offerings.
Key Points
1. Solana (SOL) is holding above $160, with bulls targeting a breakout toward the $180–$190 resistance zone.
2. Market analyst HolderStat notes SOL is consolidating below a potential falling triangle near $185–$190, a pattern historically linked to sharp upside moves.
3. Coinbase will launch nano Solana (SOL) perpetual futures on August 18, expanding its CFTC-regulated U.S. derivatives lineup.
4. The new SOL and XRP contracts aim to make crypto derivatives more accessible and compliant for U.S. retail and institutional traders.
5. Solana’s $450 price target has recently gained momentum, according to a top analyst.
Description
Solana (SOL) is holding firm above the key $160 level, with bulls now targeting a breakout toward the crucial $180–$190 resistance zone.
Latest News
- Pro-Ripple Analyst Shutdowns the “XRP Has No Utility” Argument2025-08-03 15:15:43
- Dogecoin’s 3x-5x Potential Unveiled as Analyst Highlights DOGE’s “Most Opportunity” Among Altcoins2025-08-03 14:57:53
- Liquidity Black Hole Awaits Ripple’s XRP Above $5 as Analyst Predicts Strong Breakout Scenario2025-08-03 14:55:16
- Analyst Makes Bold Ethereum Forecast, Targets $13,000 as an Attainable ETH Price in Q4 20252025-08-03 14:37:10
- Ripple’s Strategic Reserve Plans Ignite XRP Bulls’ $6 Breakout Hopes as Social Buzz Explodes2025-08-02 19:27:47