Solana Price Retests $190 As Whales Accumulate, Network Hits 107K TPS

Solana (SOL) traded near $183.9, at press time post mid-August 2025. The token showed a daily gain of about 3% but was down over 6% over the past week.

Over the past month, it declined by around 7%. Market data showed a daily trading volume of about $6.08 billion.

Solana price remained close to a key resistance band between $185 and $190. Analysts said this barrier had rejected several breakout attempts and continued to shape short-term momentum.

Solana Price Tested Resistance Near $190

The daily chart showed that SOL price followed an ascending triangle pattern at press time. As per technical analysis, an ascending triangle is a bullish continuation structure that forms when price tests a horizontal resistance while trending upward along a rising support line.

Analyst Jonathan Carter said Solana had retested the $185–$190 zone after a failed breakout earlier this month.

He noted that a confirmed move above this level could validate the bullish structure and allow for higher targets.

Upside levels under review included $205, $225, and $268. On the downside, support held around $165, reinforced by the 100-day moving average.

Analysts said that a break below this level could weaken the structure and pressure buyers.

Momentum indicators pointed to room for more gains. The Relative Strength Index (RSI) was in the middle range at the time of writing.

RSI measures buying and selling momentum, with values above 70 considered overbought and below 30 oversold.

Mid-range readings suggested there was space for further upside before conditions turned overheated.

Volume patterns added to the picture. Data showed trading activity was stronger during upward price moves, suggesting more participation when the Solana price advanced.

Analysts considered this a constructive factor for the ongoing consolidation.

Solana On-chain Signals Showed Consolidation Phase

On August 18, Solana’s Spent Output Profit Ratio (SOPR) stood at 0.9988. SOPR tracks whether tokens move at a profit or a loss.

Values above 1 indicate holders are selling at a profit, while values below 1 show tokens are moving at a loss.

Earlier in August, SOPR readings above 1 reflected profit-taking during a brief rally above $200. The decline to below 1 showed that sellers were accepting small losses at press time.

Analysts said this shift suggested a consolidation phase around breakeven levels.

Market analyst Ali Martinez said that if resistance near $190 held, Solana could fall back toward $180 or even $160. Both levels acted as support during earlier pullbacks.

Analysts noted that this dynamic left Solana trading between a firm support zone and a critical resistance level.

The consolidation came after a sharp move earlier in the month. Price action since then has slowed, with buyers and sellers struggling to break the current range.

Network Strength and Whale Activity Supported Outlook

Beyond price indicators, Solana’s network data showed continued expansion. Over the weekend, the mainnet briefly processed more than 107,000 transactions per second.

This figure marked a new high, according to network trackers. Much of the activity came from “noop” program calls.

These are lightweight instructions often used to stress-test capacity. Analysts said the performance underscored Solana’s ability to handle high throughput under test conditions.

At the same time, whale accumulation increased. The number of wallets holding more than 10,000 SOL reached an all-time high.

Analysts tracked this group as influential because their activity can impact liquidity and long-term supply.

The accumulation suggested that large holders were continuing to expand their positions despite mixed short-term signals.

Analysts noted that whale behavior often reflects confidence in the broader network even during consolidation.

Outlook Focused on Resistance and Support Levels

The Solana price remained at a crossroads. A confirmed breakout above $190 could open the way toward higher targets, with $205 and $225 as the next notable zones.

Failure to clear resistance may extend consolidation and push price back toward $165 support.

On-chain readings indicated modest selling pressure, while technical indicators suggested more room for upward movement.

Strong whale accumulation and high network throughput added support to the long-term picture.

The next move for SOL depended on whether resistance at $190 gave way or continued to hold. Analysts said these levels would guide short-term momentum in the weeks ahead.