Solana (SOL) in consolidation phase

As of August 9-10, the price of Solana (SOL) has stabilized around $177. Technical indicators show that the asset is in a consolidation phase after recent volatility. The relative strength index (RSI) on the 14-day chart is at 56.86, indicating a neutral market sentiment. The key support level remains around $160, while the nearest resistance is on the way to $190. Traders are closely watching for a breakout of one of these levels to determine the further direction of movement.

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