Peter Smith
Solana (SOL) is testing the critical $190 price zone where millions of tokens were bought, creating a key resistance that could shape SOL's path through 2025.
If you're holding Solana (SOL), you need to watch the $190 price level closely. This isn't just some random number - it's where SOL's future gets decided. After pumping over 40% from June lows, Solana is back at this crucial spot that could either launch it higher or send it back down.
Why $190 Makes or Breaks SOL Price
Here's the thing about $190 - it's not just technical resistance. Glassnode data shows that over eight million SOL tokens got bought between $189 and $191. That's a massive pile of coins sitting right at this level, making it one of the most crowded zones on the entire chart.
Think about it: this was the last major spot where people bought in big before SOL crashed earlier this year. Now those same buyers are finally breaking even or making small profits. Many of them have been waiting months to get out, which creates what traders call a "supply wall" - tons of potential sellers ready to dump their bags.
SOL Price Could Fly Past $190 Resistance
But here's the interesting part - the data also shows something bullish. Above $190, there's way less supply sitting around. If SOL can punch through this level and stay above it, the path upward gets much clearer. Less resistance means price can move faster without hitting walls of sellers.
The charts back this up too. SOL has been in a clean V-shaped recovery since late June, taking back support levels at $155 and $171 like a champ. Now it's hitting exactly where the on-chain data said it would - the same spot that stopped rallies back in February and March.
What Happens Next for SOL Price
This $190 level is where we find out if people still believe in Solana or if they just want their money back. If SOL breaks above and holds, we could see a real breakout - not just recovery, but actual new momentum. The lack of resistance above would let it run.
But if $190 pushes SOL back down, expect some profit-taking. Those eight million coins could start hitting the market as people finally get a chance to exit their losing trades. Either way, the next few weeks will tell us everything we need to know about where Solana is really headed.
Peter Smith
