Solana (SOL) Slips Under $190 After Harsh Rejection: What’s Next?

TL;DR Solana pulls back after a failed breakout at $205, now trading below $190 in correction ￰0￱ pinpoint $176 as critical support; a rebound could restart the push toward $300. Pantera and others plan billions in Solana-focused funds despite short-term market ￰1￱ Pulls Back After Resistance Test at $205 Solana (SOL) is trading below $190 after failing to break through the $205–$206 resistance ￰2￱ of press time, the asset is priced at $188, marking a 6% decline over the past 24 ￰3￱ drop follows a recent 20% rally that lost strength once the price approached the key resistance ￰4￱ analyst BitGuru commented , “$SOL is trading around $189, after failing to hold momentum above the $205–$206 resistance zone.” The pullback has placed the token into a mid-range zone, with no immediate support ￰5￱ are now watching for a move toward the $172–$176 demand area, which previously sparked vigorous buying activity.) August 26, 2025 Institutional Capital Shows Continued Interest in Solana Solana remains a focus for large investment ￰6￱ Capital is preparing to raise $1.25 billion for a Nasdaq-listed company with Solana as a core ￰7￱ fund will begin with $500 million, followed by another $750 million through warrants, according to The ￰8￱ Digital, Jump Crypto, and Multicoin Capital are also said to be raising $1 billion for a joint Solana ￰9￱ Fitzgerald is reportedly leading the fundraising, with support from the Solana Foundation.

Meanwhile, Sharps Technology announced a $400 million private placement, backed by firms such as Pantera and ParaFi Capital, to build a digital asset treasury based on Solana.