🚀 Solana (SOL): Market Update & Outlook

Price & Support Levels

• SOL currently trades around $164–$168 USD, up about 2–3% in the past 24 hours but still down ~6% over the last week as crypto markets cool slightly   .

• Key support lies around $158–$162, while resistance emerges near $170–$172   .

Short-Term Momentum

• SOL recently bounced off the $160 zone, reclaiming the 100‑hour SMA and forming a bullish trendline around $165 .

• A break above $172 could open a short‑term rally toward $180 or higher; failure to break could lead the price back towards $155 .

Long-Term Context

• Despite a 14% drop from recent highs, long-term holders are accumulating—on‑chain data shows a 102% surge in long-term accumulation since late July  .

• Analysts highlight potential for a breakout toward $235–$295 if historical structures like inverse head & shoulders and flag patterns hold true .

Outlook & Strategy

• Watch the $165 consolidation zone—holding above it keeps a bullish case alive.

• A daily close above $172–$174 could trigger breakout momentum.

• If price falls below $158, risk of deeper retracement increases.

• Strength in staking, TVL, and developer activity supports long-term confidence  .

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📝 Suggested Post Text (in English):

“Solana (SOL) is showing early signs of a bounce after retesting support at $158–$162. If bulls manage to push and close above the $172 level with good volume, we may see accelerated upside toward $180+. Long-term holders appear to be accumulating heavily despite the recent dip, which could set the foundation for a broader recovery. At this stage, SOL’s next moves depend on how it behaves around these critical zones. #Solana $SOL #Crypto #SOL #TradingView