Solana Buyers Defend $170 Floor, Expert Eyes SOL Price Rally to $205

TLDR:

• SOL price is consolidating in an ascending triangle with $170 as strong support and $180 as breakout resistance.
• Trading volume is increasing near $170, suggesting accumulation before a potential upside breakout.
• The short-term price target stands at $205 if Solana clears the $180 resistance zone.
• A clean retest of $170 support could offer optimal entry for traders ahead of a rally.
  

Solana is showing a bullish technical setup, with traders watching a key price range. Market watchers say the token has formed a clear ascending triangle on the four-hour chart. This pattern, often associated with upward continuation, has attracted short-term and long-term investors. 

At the center of this setup is the $170 level, where buyers have consistently defended against deeper declines. Many see this as the line in the sand before a potential push toward higher price targets.

SOL Price Action and Technical Setup

According to analysis shared by Wise Crypto, Solana’s chart reveals an ascending triangle with a horizontal ceiling near $180. This structure is formed by higher lows pressing against stable resistance. Historical price action shows such formations often precede breakouts, particularly when accompanied by rising volume.

🔥 $SOL is cooking something BIG!

📊 On the 4H chart, an ascending triangle has formed beautifully – a classic bullish setup.

💎 $170 isn’t just support, it’s a liquidity fortress where buyers keep stepping in strong.

📌 What’s next?
If we get that perfect retest of $170,… pic.twitter.com/CeVG0pQbvl

— Wise Crypto (@WiseCrypto_) August 12, 2025

The $170 zone has become what Wise Crypto described as a “liquidity fortress.” Price tests here have repeatedly attracted strong buy orders, creating a dependable base. This level not only serves as a floor for the current range but also as a trigger point for market participants planning fresh entries.

Data from CoinGecko places Solana’s current value at $174.45, with daily trading volume above $5.8 billion. This comes after a 4.66% decline over the past day, although the token remains up 4.57% in the last week. 

The recent pullback has brought the market back to levels where accumulation may be underway.

If momentum builds and the $180 resistance gives way, the technical projection for the breakout points toward $205. Market behavior in the coming sessions will determine whether Solana achieves this target.

Liquidity, Volume, and Solana Breakout Potential

Market participants note that volume has been creeping higher near the $170 level. This suggests traders are positioning ahead of a possible move rather than reacting afterward. Such activity often signals accumulation phases, where patient investors prepare for expected volatility.

Should Solana retest $170 and rebound, it could confirm buyer strength and set the stage for a breakout. The $180 mark remains the immediate hurdle, as it caps the ascending triangle’s upper range. A decisive push above this zone would open the door to the projected $205 level.

While short-term traders are eyeing rapid gains, longer-term participants may look beyond that point. If the breakout extends and broader market sentiment stays positive, the rally could continue past the first target.

For now, the playbook is simple: watch $170 for a clean retest and $180 for the breakout trigger. The balance between buyers and sellers in this range will determine Solana’s next move.