Peter Smith
A prominent crypto trader has set sights on Solana (SOL) hitting $190, sparking fresh optimism across trading circles as the altcoin demonstrates remarkable resilience above critical support zones. With institutional-grade volume backing the move and technical indicators flashing green, SOL appears primed for its next major leg up.
SOL Price Defends Crucial $173 Support Zone
Solana (SOL) currently trades at $175.43, down 5.82% in the last 24 hours but showing impressive strength where it matters most. After touching a daily low of $173.43, aggressive buying emerged to push SOL back above this make-or-break level, with the session high reaching $186.80.
This price action tells a compelling story – while profit-taking initially pressured SOL lower, institutional buyers and savvy retail traders recognized value around these support levels. The quick recovery from the daily lows suggests underlying demand remains robust, setting the stage for what could be an explosive move higher.
$190 Target Comes Into Focus for Solana (SOL)
With $603.80 million in daily volume (3.37M SOL tokens), the market is clearly paying attention to Solana's next move. The trader's $190 price target isn't just wishful thinking – it represents a logical resistance level that, once broken, could open the door to a retest of the recent $206.30 swing high.
This bullish momentum is backed by solid fundamentals and technical strength that's hard to ignore in today's volatile crypto landscape.
Peter Smith
