Solana (SOL) is trading at approximately $164.31, down about 0.2% intraday, with a high of $171.48 and a low near $163.75. It remains range-bound in the $160–$175 zone as support tightens around $155–$160 and resistance clusters near $170–$175 .

Institutional sentiment is intensifying: CME futures open interest has surged 370% to ~$800 M, driven by the new U.S. staking ETF . Meanwhile, upcoming protocol upgrades with Phylax aim to boost DeFi and liquidity volumes in August by ~25–30% .

Short‑term outlook remains cautious‑bullish, with analysts eyeing a possible rebound toward $185–$200 if momentum holds .