💰 SOL’s Shrinking Supply Could Ignite a Rally Toward $300
Solana has been trading steadily above $165 this August, consolidating after a strong surge earlier this year. With large holders rotating profits and expanding DeFi integration, sentiment around SOL is shifting, according to recent reports.
🔑 Key Support Holding
On-chain indicators show a bullish “Golden Cross” formation, where the 50-day moving average has crossed above the 200-day MA on the daily chart. A potential dip toward $160 aligns with the 200-day EMA and a key trendline, forming a solid support range between $161–$166.
If bulls hold this zone, SOL could aim for $189 and $206. Analyst Mary Emerald believes a 60% rally toward $256 is possible if momentum picks up.
While SOL is up nearly 50% from its yearly lows, the MACD remains in bearish territory, suggesting bears still have control — for now. A breakout above $189 on strong volume would flip momentum in the bulls’ favor.
📱 Catalyst: Seeker Phone Launch
Optimism is building after the global release of the Seeker phone in over 50 countries. The phone features built-in hardware security for private keys and native Web3 functionality, which could attract more developers and boost the Solana ecosystem.
The Seeker is now shipping — a major milestone for Solana Mobile.
📈 Outlook: What’s Next for SOL?
• Short-Term Prediction: SOL could rise 5.28% to around $173 by September 5, 2025.
• Current Stats: 16 out of the last 30 days closed green; 7.66% monthly volatility.
• Market Sentiment: Fear & Greed Index sits at a neutral 50.
If SOL stays above $166, it may push to $173 soon. But if that level breaks, a steeper correction toward $58 can’t be ruled out. A rally past $189 with strong volume could set the stage for SOL to climb toward $220 — or even $300.
