$SOL

SOL/USDT Technical Snapshot – August 8, 2025

Solana (SOL) is currently trading around $174.21 after a strong bullish breakout above $170. The short-term trend remains bullish across the 15-minute, 1-hour, and 4-hour timeframes, supported by clean EMA alignments and sustained buying interest.

On the 15-minute and 1-hour charts, SOL is forming higher lows with healthy RSI levels (around 65–70), though it's nearing short-term resistance at $176.50. Volume is stable, indicating gradual accumulation rather than explosive momentum.

The 4-hour chart confirms broader strength with SOL holding above all major EMAs and maintaining bullish MACD and RSI positions. However, with RSI pushing into the 70s, there's a moderate risk of a short-term pullback.

Key levels to watch:

Immediate support: $172.20

Breakout zone: $176.50

Higher resistance targets: $180.70 and $184.80

Pullback entries: $172.50–$173.20

Stop-loss: Below $171.50 for aggressive longs, or $169.50 for safer setups

You should watch for either a clean breakout above $176.50 with volume or a healthy retest near $172 for potential long setups. A failed breakout near $177 could also open the door for short-term selling opportunities.

This is a momentum-driven phase for SOL. Let price action confirm the next move.