Solana is consolidating near $194, with analysts observing a pattern reminiscent of its 2023 bullish setup. If the $188 support level holds, Solana could break out to $200 in the short term. An ascending triangle pattern on the weekly chart, noted by GalaxyBTC, suggests potential for strong upward movement, with targets between $215 and $225. Short-term buying activity has slightly cooled as investors await the Federal Reserve's quantitative tightening announcement, which may impact Solana's price trajectory.