 
 
Solana (SOL) is holding firm above the key $160 level, with bulls now targeting a breakout toward the crucial $180–$190 resistance zone.
According to market analyst HolderStat, SOL is consolidating below a potential falling triangle near the $185–$190 zone, a pattern that has historically triggered sharp upside moves, hinting at a possible breakout ahead.
If Solana is able to reclaim this major resistance zone, then the 6th-largest cryptocurrency by market cap has the capability of pushing to the $210-$215 zone, HolderStat added.
Meanwhile, Solana’s $450 target recently gained momentum after a top analyst predicted a “massive pump,” fueled by accelerating corporate accumulation and growing market confidence.
Cardano Eyes Nano SOL Perpetual Futures
Coinbase will launch nano Solana (SOL) perpetual futures later in this month, on August 18, expanding its CFTC-regulated U.S. derivatives lineup.
 
Joining nano contracts for XRP, Bitcoin, and Ether, the move underscores Coinbase’s push to make crypto derivatives more accessible and compliant for U.S. traders.
Following its debut of CFTC-regulated nano Bitcoin and Ether perpetual futures with up to 10× leverage, Coinbase is now adding SOL and XRP contracts, reinforcing its strategy to offer institutional-grade, compliant derivatives for both retail and institutional U.S. traders seeking secure, onshore alternatives to offshore platforms.
Therefore, this move by Coinbase seeks to deliver essential and accessible tools for trading and managing Solana’s exposure in a regulated and secure environment.
Source: https://zycrypto.com/solana-eyes-key-185-190-zone-as-coinbase-prepares-to-launch-sol-perpetual-futures/