#BuiltonSolayer Analysis $SOL 🚀

Here is a short and updated analysis for Solana (SOL) on August 7, 2025:

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Solana (SOL) Analysis

Price: ~$76.50

Trend: Neutral to Bearish

Support: $72

Resistance: $82

Market Capitalization Ranking: #6

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🔍 Technical Overview

RSI: About 46 – showing neutral momentum

Moving Averages:

50-day MA: Below the current price (short-term support)

200-day MA: Above the current price (long-term resistance)

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📉 Short-Term Outlook

SOL is struggling to break above $80.

If BTC falls below $55K, SOL may test $70 or less.

The recovery depends on the broader market sentiment.

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📈 Long-Term Outlook

It is still one of the leading Layer-1 blockchains with fast transactions and low fees.

The ecosystem remains strong with DeFi, NFTs, and gaming adoption.

The long-term potential remains optimistic, especially if BTC resumes the upward trend.

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Verdict:

✅ Hold or accumulate near $70–$72

❌ Avoid new purchases above $80 unless it surpasses $85 with strong volume

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Want analysis for entry/exit points or a specific time frame?$SOL

#BuiltonSolayer #Notcoin #BinanceTurn8