SOL Supply Tightens Is $300 Next?
Solana ($SOL) has been chilling around the $165 zone this August steady, but building energy!
With strong hands holding and growing DeFi adoption, things are heating up.
Support Zone Watch On the charts, SOL just formed a Golden Cross a bullish signal! The 50-day moving average is now above the 200 day. Solid support is sitting between $161 to $166 and if buyers step in, we could see a run toward $189 and even $206.
🔮 Analyst Mary Emerald says SOL could shoot up 60% from here eyeing $256 maybe even $300 if volume pumps up and resistance breaks.
Short Term Pressure? Yes, MACD is still bearish for now, so we need momentum to shift. Keep an eye on $189 if we close above it with strength, big gains could follow.
📱 What’s Helping SOL? The launch of the Seeker phone in 50+ countries is a big deal. It brings secure on chain features, a crypto friendly app store and boosts developer interest giving real use to $SOL .
📅 Price Forecast → SOL could hit $173 by Sept 5, based on current momentum.
→ 16 green days out of 30, with moderate volatility.
→ Sentiment is neutral for now (Fear & Greed Index = 50).
✅ If SOL stays above $166 we are on track.
❌ But if it dips below next support sits deep at $58 (unlikely but worth noting).
👀 Eyes on the breakout if bulls push it past $189 $220 and even $300 could come into play fast!
