๐ Solana (SOL) Update โ August 2025 ๐
๐ Price Action
โข SOL dipped ~9.5% amid global market turbulence and new U.S. tariffs.
โข Trading near $162, testing critical support levels.
๐ Technical Outlook
โข Support: $160โ$165
โข Resistance: $185โ$200
โข Bullish Case: $210โ$220 if SOL breaks $185.
โข Bearish Case: $160โ$170 if market dips.
๐ Long-Term Potential
โข Analysts eyeing $300 by end of 2025, driven by institutional interest and ETF developments.
๐ข Key Developments
โข ETF Approval: Solana ETFs gaining momentum under pro-crypto U.S. administration.
โข Presidential Reserve: SOL included in U.S. strategic digital asset reserve.
๐ฎ What to Watch
โข Will SOL reclaim $185?
โข ETF approval news and institutional adoption.
โข Market response to global economic factors.