The trend of SOL next week is relatively complex, with certain uncertainties. Below is an analysis from both technical and fundamental perspectives:
- Technical Analysis: From the short-term technical indicators, the trend of SOL is not very optimistic. The current price is hovering around $180, with $175 being a key support level and $190 posing significant resistance. The RSI is around 55 and showing a downward trend, and the MACD provided a bearish signal on July 29. On the 4-hour chart, the price has fallen below the MA5 and MA20, indicating a clear lack of upward momentum in the short term.
- Fundamental Analysis: Recently, Solana has had some positive news, including its new NFT integration announcement and collaboration with new NFT gaming projects, which have boosted market confidence. In addition, the Executive Director of the Blockchain Association expressed optimism about Solana's future, believing that it still shows tremendous potential due to its strong developer community and growing adoption rate, particularly in the areas of XBIT decentralized exchanges (DEX), DeFi, and NFTs. These factors provide certain support for SOL's price.
In summary, the trend of SOL next week may first fluctuate within the range of $175-190. If it can effectively break through the resistance level of $190, it may continue to rise towards a target of $200 and above; however, if it falls below the support level of $175, it may trigger further declines.