TLDR:Solana trades at $178 with a 7-day drop of 7.87% as markets prepare for Powell’s Jackson Hole speech.Chart analysis highlights $175 as a high-probability reversal zone where buyers may return after the dip.Short-term projection shows a rebound toward $198–$210 if support at $175 holds and selling pressure eases.Longer-term patterns suggest Solana could break toward $260 if bulls secure $200 and break $190 resistance.Solana traders are on alert as the market prepares for Jerome Powell’s speech at Jackson Hole. The asset has been sliding for days and is now sitting just above a key support level. Analysts say price could test $175 before any move higher. Momentum has slowed, but bulls see a window for recovery if support holds. The coming hours may shape the next big swing for Solana.Solana Price Faces Pressure Around $175The chart shared by curb.sol on X showed Solana moving within a short-term downtrend. Price action has been capped by a descending resistance line since mid-August. At press time, Solana trades around $178, according to CoinGecko, after a 24-hour slide of 3.27%.$SOLroadmap for today as Jerome Powell is set to speak at Jackson Hole in a couple hoursmost likely see a dip down to the ~$175 area as a high probability area for a reversal coming out of the meeting#SOLANA pic.twitter.com/BKn4ivtl68— curb.sol (@CryptoCurb) August 22, 2025The green zone near $175 was outlined as the critical support. Analysts described it as an area where demand has stepped in before. A dip toward this level is expected to sweep liquidity before buyers attempt to reclaim ground.Curb.sol projected a path showing this dip followed by a bullish recovery. The outlook suggested a bounce could send Solana back above $200 in the coming days. That projection hinges on the $175 level holding firm through the volatility.Technical structure showed the break above the resistance line was already weakening selling pressure. Traders now wait for Powell’s speech as the possible trigger for the move.Solana Price Recovery Could Stretch Toward $260Another outlook from BeLaunch on X pointed to larger bullish formations. They noted a bull flag on the daily chart that could activate with a breakout above $190. If that occurs, Solana could target $258, marking a 41% jump from current levels.The weekly chart was also described as forming a V-shaped recovery. BeLaunch stressed the neckline around $260 as the level bulls must clear. For that scenario to play out, $200 support must hold on any pullback. Solana Eyes $260 Breakout?$SOL is flashing one of the most bullish charts in crypto right now: Bull Flag (Daily):Breakout above $190 could send SOL toward $258 (+41%). V-Shaped Recovery (Weekly):Key neckline at $260 — bulls must hold $200 support.Momentum is… pic.twitter.com/J638fd1bCb— BeLaunch (@BeLaunch_) August 22, 2025Momentum is described as building, with traders watching for a breakout that could reset the trend. The two levels now defining Solana’s path are $175 on the downside and $260 on the upside.According to CoinGecko data, Solana’s daily trading volume sits near $4.7 billion. Traders will be gauging whether Powell’s comments at Jackson Hole act as the spark for the next breakout attempt.SOL price on CoinGeckoThe post Solana to Dip to $175, Expert Warns: Is a $260 Rebound Next? appeared first on Blockonomi.