Solana (SOL) Weekly Outlook – August Week 1
Solana has shown remarkable resilience over the past few weeks, currently trading around the $160–$170 range. Analysts and traders are watching closely as SOL approaches a critical resistance zone near $180. If this level is broken with strong volume, we could see a short-term rally toward the $195–$200 mark by the end of next week.
On the downside, if the broader crypto market faces pressure—especially from macroeconomic news or BTC corrections—SOL could retrace to the $150 support level, which has held strong in previous dips.
Technically, the 50-day MA is sloping upward, RSI remains neutral (around 55–60), and on-chain activity remains high, especially with ongoing NFT and DeFi momentum on the Solana chain.
📈 Prediction: Bullish bias with a price target of $185–$195 if market sentiment remains favorable.
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