#Solana

Trade SOL now . . strong bullish trend . . ❤❤❤❤❤$SOL

𝘼𝙣𝙖𝙡𝙮𝙨𝙩 𝙋𝙧𝙚𝙙𝙞𝙘𝙩𝙨 $255 𝙎𝙤𝙡𝙖𝙣𝙖 𝙋𝙧𝙞𝙘𝙚 𝙍𝙖𝙡𝙡𝙮 𝙖𝙨 𝙎𝙪𝙥𝙥𝙡𝙮 𝙑𝙖𝙣𝙞𝙨𝙝𝙚𝙨 𝙁𝙧𝙤𝙢 𝙀𝙭𝙘𝙝𝙖𝙣𝙜𝙚𝙨

Solana has started August with notable bullish activity across both technical and fundamental fronts. The asset has been in a state of consolidation just above the level of the $166 point over the past weeks. Meanwhile, big events like getting higher DeFi integration and profit rotation among big holders have already started to affect outlook

Analyst Mary Emerald highlighted a bullish continuation pattern on Solana’s daily chart. She indicated a Golden Cross and a retracement towards FL 0.5 166.38, both of which, correlate with the 200 EMA and a trendline failure.

She highlights that this range in-between $166 and $161 creates a very good support zone. If buyers defend this level, the pattern could play out in favor of the bulls, with Solana potentially climbing toward $206 and eventually reaching her $255.93 target in the near term.

On a daily chart, Solana’s recent price action reinforces Mary Emerald’s bullish projection. The asset had earlier surged more than 56%, and the current pattern mirrors that move with a possible 61% rally.

However, the MACD histogram remains negative, with no visible recovery, suggesting that bearish momentum still dominates. Resistance levels at $189.49 and $206.13 must be cleared to confirm a trend reversal, while $158 serves as the key downside buffer.

If SOL stays at this support position and also breaks above $189 with power, then it will confirm the analyst target of $255.93. The current structure for long term Solana price forecast remains bullish as long as these levels are respected.