🔺 Solana ($SOL )

📈 Bullish signals:

• Breakout of the ascending triangle pattern on the Daily chart at around ~$175.

• Trading volume increased by more than 45% in the last week of July, with many large buy orders from institutional wallets.

• RSI remains around the 60–65 range, still with room to increase and not overbought.

🧠 On-chain data & analysis:

• SOL staking reached a record high in 6 months: >75% of the total supply is being staked → reducing selling pressure.

• DeFi and memecoin applications on Solana (e.g., BONK, WEN, MEW) are leading in volume.

• Solana continues to maintain its position as the L1 platform with the highest TPS (~65,000 tx/s), low costs, and simplified smart contracts.

🎯 Price target for August:

• Next potential target area: $195–210

• Strong support: $172