📉 Current Situation (as of today)$SOL :-
• The price of SOL is currently trading at around 164.36 USD, recording a decrease of about -4.8% over the past 24 hours.
• Data from Coinbase and Binance record similar prices ranging from 162.5 to 164.6 USD, with declines ranging from -2.8% to -4.1%.
• Technical consensus indicates a 'strong sell' signal on the daily timeframe using indicators like EMA, RSI, and others.
🔮 Predictions until tomorrow:-
• CoinLore analysis predicts that the price will range between 161.24 USD and 165.84 USD in the next 24 hours, with a possibility of the expected price reaching 165.84 USD.
• Traders Union predicts a slight increase of +0.2% to reach 164.46 USD within 48 hours, but also warns of the possibility of a decline next week to around 139.31 USD if negative pressure continues.
• Changelly expects a slight decline of -0.81% by August 3, making the price around ≈ 169.8 USD today and 79 later (part of the model).
• Binance provides a slight growth path of 5% monthly, expecting the price to reach around 162.67 USD on August 3, after being at 162.65 USD on August 2.
📰 Market Factors and Key News:-
• Institutional activity remains strong, with 367 million USD of SOL purchased while indicating selling pressure from technical indicators.
• There are signals that may carry a positive reversal; a harmonic pattern could push the price towards 220 USD if confirmed, supported by on-chain trading or future ETF approval.
• However, the content of declines in technical indicators suggests support at the level of 166.6 USD, and there is a possibility of a rebound towards 162 USD if the price fails to hold above EMAs.
✅ Recommendation until tomorrow$SOL :-
• The price is in a vital support zone near 162–163 USD; most predictions indicate slight movements around these areas.
• Expected movement range: Low: ~161 USD – 163 USD | Possible high: ~165–166 USD.
• If the price maintains support above 163 USD and shows improvement on the indicators, a slight rebound towards 166 USD may occur.
• A breakdown below the support of 162 USD could open the way for a deeper drop down to ~159–160 USD.
📊 Quick Summary:-
1- Current price ~164.4 USD, predictions for tomorrow are between 161 USD and 165.8 USD.
2- Technical trend, strong sell signals, predictions for tomorrow are neutral to moderately negative.
3- Support points 162–163 USD, predictions for tomorrow suggest a possibility of testing 160 USD if support breaks.
4- Resistance points 165.5–166 USD, predictions for tomorrow suggest a possible rebound towards them.
📝 Conclusion:-
• SOL is currently experiencing selling pressure with intensive attempts to maintain support at 162–163 USD.
• The most likely scenario for tomorrow is sideways movement between 161 and 166 USD.
• Close monitoring of RSI, EMAs, and trading volume is essential to confirm any reversal or breakdown.
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