$SOL

Here's a concise analysis of Solana (SOL) today (August 10, 2025):

1. **Price Action**: Trading **around $179.70**, down ~1% in 24h but up 12% weekly. Faces resistance at **$188.53**; support at **$179.34** .

2. **Bullish Pattern**: Breaking out of a **cup-and-handle formation**, signaling potential 630% surge long-term ($1,315 target) .

3. **Technical Indicators**:

- **RSI at 57.16** (neutral), **above key SMAs** (50-day: $166; 200-day: $156) .

- Mixed signals: MACD bearish, but EMAs suggest bullish momentum .

4. **Catalysts**:

- Phantom wallet's acquisition of AI platform Solsniper .

- Outperforming Bitcoin amid altcoin rotation .

5. **Risks**: High volatility; whale holds **$66M short position** (20x leverage) .

**Outlook**: **Short-term consolidation** likely between $179-$188; break above resistance could target $196. Long-term bullish if pattern holds .