🚀 Solana Supply Tightens — Is a $300 Breakout on the Horizon?

$SOL has been consolidating above $165 through August, and on-chain data suggests the setup could be laying the groundwork for a powerful breakout. With strong DeFi integration and strategic rotation from large holders, market sentiment is shifting.

🔍 Key Technical Insights:

A Golden Cross has formed — 50-day MA has crossed above the 200-day line.

Support zone: $161–$166 — aligned with 200 EMA and a key trendline.

Upside targets: $189, $206 — and potentially $256 to $300 if momentum builds.

MACD still in the red, but a turn in volume could flip the trend.

Watch $189 for confirmation — a close above may spark the next leg higher.

📱 The launch of Seeker, Solana’s secure Web3 smartphone, is fueling bullish sentiment. Its hardware-level key protection is driving developer interest and expanding SOL’s utility.

📈 Near-Term Forecast:

Price Prediction: $173 by Sept 5, 2025

Market Mood: Neutral (Fear & Greed Index: 50)

Volatility: 7.66% over the past 30 days

If SOL holds above $166 and volume steps in, a run toward $220 or even $300 could be next.

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