📉 What to expect from Solana ($SOL ) in August?
🔹 July: +40% growth$SOL
— Reached a peak at $206
— TVL in DeFi +14% (up to $9.85 billion)
— Trading on DEX: $82 billion (+30%)
— Network revenue: $4.3 million (+13%)
🔻 End of July — cooling down
— Price fell below $190
— Active addresses: -16%
— TVL started to decrease: -8% over the week
— Decrease in demand and activity in dApps
📊 Technically:
— Price is testing the 20-day EMA at $178.25
— Downward breakout: a pullback to $171.78 is possible
— Upward bounce: targets — $186.40 and $190.47
📌 Summary:
— The market is taking profits after the rally
— Activity is declining, selling pressure is increasing
— August may start with a correction unless a new trigger appears
🤔 Important level for bulls: hold $178
🐻 Bears are waiting for a downward breakout and a return to the $170+ zone
*not financial advice.
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