"Clinical" analysis of Solana's price
$SOL Let's turn to the "clinical analysis" of the #Solana price, using a metaphor to deeply analyze its current state and the factors affecting its "health."
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"Medical chart" of Solana (SOL)
Current state (as of August 7, 2025):
* Price:
Currently, the price of Solana fluctuates around $167 - $169.
* Market capitalization:
Around $90.5 - $91.1 billion, placing it in the TOP-6 by market capitalization.
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* Dynamics:
* In the last 24 hours, the price has increased by 2-3%.
* A decrease of 5-8% has been observed over the week.
* Over the month — an increase of 11-12%.
* Over the year — an increase of 16-17%.
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* Historical highs and lows: The historical high was set at around $293 - $295, and the low was $0.50.
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"Diagnosis" and key factors
1. Technical analysis:
* The "patient" is in a correction phase:
After a strong rise in July, when the price approached $200, Solana could not hold above this level and entered a correction phase. It is now trying to recover above the $165 mark, but this breakout is not yet confirmed.
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* Levels of "support and resistance":
A critically important support zone lies between $160 and $165. If the price can hold in this range and break the short-term downtrend, it could lead to a retest of the $183 level.
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* Indicators:
* RSI (relative strength index) and STOCH (stochastic oscillator) are currently in the "neutral" zone, indicating a lack of strong bullish or bearish momentum.
* MACD (moving average convergence/divergence) gives a sell signal, which may indicate a predominance of bearish sentiment in the short term.
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2. Fundamental "symptoms" and growth drivers:
* Technological stability:
Solana is known for its high transaction speed and low fees. This makes it an attractive platform for DeFi, NFTs, and other decentralized applications. Network stability and lack of outages are key factors for maintaining positions.
* A "healthy" ecosystem:
The number of decentralized applications (dApps) on Solana is growing, trading volumes and the number of active users are increasing. New projects, such as ONyc (placing real assets), are raising demand for the network and its native token SOL.
* Institutional interest:
Large companies, such as Upexi, DeFi Development, and others, are actively including Solana in their balances, viewing it as an asset with high growth potential and the possibility of generating passive income from staking (7-8% per annum).
* Development of "hardware" solutions:
The success and beginning of global sales of the Seeker smartphone, aimed at the Solana blockchain ecosystem, also positively influence market sentiments.
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3. "Risks and side effects":
* Volatility:
The cryptocurrency market, and Solana in particular, remains extremely volatile. Sharp price fluctuations, especially during periods of market uncertainty, can lead to significant losses.
* Regulatory risks:
Regulatory uncertainty regarding cryptocurrencies in different countries may negatively affect their adoption and price.
* Competition:
Despite its advantages, Solana faces tough competition from other blockchains, such as Ethereum.
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Diagnosis:
Solana shows signs of a strong but "overheated" asset that is currently in a phase of healthy correction.
Fundamental factors (technology, ecosystem, institutional interest) remain strong, creating good potential for long-term growth.
However, further fluctuations are possible in the short term, and investors should closely monitor breakouts of key support and resistance levels.
