An exclusive and detailed update for the code $SOL Solana (SOL) as of August 3, 2025:
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📉 Current Price Performance
The current price of SOL is trading at $160.94, with a daily fluctuation between $157.36 and $162.78. This represents a decrease of 6.6% over the past 24 hours, after breaking the previous support level at $178. If the price fails to recover above this level, it may head towards the range of $140–160.
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📊 Technical Analysis and Forecasts
After a significant rise in July, SOL is experiencing a slowdown in on-chain activity, indicating the possibility of continued correction in August. Price forecasts range between $190 and $220 if momentum is regained, while the price may drop to $161.50 if selling pressure continues.
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🔧 Technical and Environmental Developments
Regarding technical developments, Solana is preparing to implement significant updates including:
A new consensus algorithm aimed at improving transaction speed and reducing confirmation time.
Increased block capacity, allowing for more transactions to be processed per second.
These improvements aim to enhance network performance and better support decentralized applications.
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🧭 Future Predictions
Some analyses predict that SOL could reach $300 by the end of 2025, driven by increased institutional interest and positive market conditions.
@Lagrange Official @Treehouse Official
