$SOL

Market Context (Updated)

Market Cap: The global crypto market cap is ~$3.91 trillion, down 2.36% as of August 18 . An X post from CoinGecko notes it dipped below $4 trillion, reflecting a bearish short-term sentiment.

Solana (SOL):

Technicals: SOL is testing resistance at $200 but recently fell from $209. Support is at $180–$185. A bullish cup-and-handle pattern suggests a potential rally to $255–$480 in 2025 .

Fundamentals: Strong DeFi activity (6M daily active addresses,) and potential ETF approval (delayed to October 2025) support long-term growth. Short-term volatility is tied to market corrections.

➡️ DYOR .

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