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Short‑term traders should remain cautious. Solana’s price action at $160–$164 is pivotally balanced between bullish scenarios and potential breakdown. Holding the $158–$160 support zone is key; a break below could open a sell‑off toward $145 – $120. On the other hand, reclaiming the $170–$175 zone could trigger a rally toward $185–$200. #solana $SOL
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A market-wide crypto pullback with Bitcoin dropping 8% on U.S. tariff news triggered similar #SOL weakness. Top analysts remain cautious: some foresee long-term upside, but they warn of short-term risk unless critical levels hold. The SEC’s guidelines easing crypto‑ETF registration may accelerate institutional inflows into #Solana.
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🎯 Trade Strategy Points Scenario Entry Zone Stop Loss Target Zone Bullish pullback $158–160 <$155 $176 → $185 → $200 Range trade $160–164 based on range $162–$164 Bearish fade < $158 <$150 $145 → $120 Watch $158–$160 closely—breach of that level favors downside continuation. Resistance above $164 needs a sustained reclaim to confirm bullish momentum. Institutional cues like futures interest and ETF progress should be monitored—they may amplify moves in either direction. #solana $SOL
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Bearish case (if selling intensifies) A break below $158, especially under $155, could lead to further declines toward $145, and possibly $120, as rounding‑top or bearish continuation patterns unfold. Analyst projections suggest the price may drop to $140‑$150 before any reversal. #sol #solana
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🧭 Short‑Term Trade Scenarios Bullish case (if support holds) Holding above $158 could spark a rally into the $176–$185 region. Breaking above $170–$175 may clear the way toward $185–$200 by mid‑August. #sol #solana
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