Technical analysis of currency $SOL #solonapumping Solana (SOL) as of today, August 7, 2025:
1. The current price is around $170 with a slight increase (~1.46%).
2. The price is holding above an important support level between $160 and $165, which is a key support to maintain the upward trend.
3. Technical indicators:
- RSI around 50-70, indicating a neutral to moderately bullish state.
- Moving averages (EMA 9, 21, 50, 200) indicate an upward trend with a likelihood of continued rise.
- A contracting triangle pattern is showing near resistance at $168-172, a breakout could push the price up to targets of $175-190.
4. The strongest support is at $160, and losing it could drive the price to correct towards $150.
5. Trading volume is good with clear activity, but caution is required due to recent price volatility and fluctuations.
6. Long-term analysis expects the price to reach $300-400 if the recovery continues and support remains strong.
In summary, Solana is at a strong decision point now: staying above the support indicates a rise and the possibility of breaking near resistance, while losing support means a potential correction.
