🚀 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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