๐ Is $300 on the Horizon for Solana ($SOL
)? ๐
Solana has been consolidating around the $165 zone this August โ calm on the surface, but momentum is building beneath. With strong holders, rising DeFi activity, and a bullish chart setup, SOL could be gearing up for a major move.
๐ Key Technical Highlights:
Golden Cross Formed: The 50-day MA just crossed above the 200-day โ a classic bullish signal.
Support Zone: $161 โ $166 holding firm.
Targets Ahead: A break above $189 could open the path to $206, $256, and even $300.
๐ Analyst Take:
Mary Emerald sees potential for a 60% rally, projecting $256 as a near-term goal โ and $300 if momentum and volume kick in.
โ ๏ธ Short-Term Watch:
MACD still leans bearish, suggesting some near-term hesitation.
Critical Level: A strong daily close above $189 could trigger a major breakout.
๐ฑ Whatโs Fueling the Hype?
The launch of the Seeker phone across 50+ countries is a game-changer:
Built-in secure on-chain features
Crypto-friendly app store
New wave of dev interest in the Solana ecosystem
๐ Price Forecast:
Projected to reach $173 by Sept 5 if current momentum holds.
16 green days in the past 30 โ showing steady buyer interest.
Sentiment: Neutral (Fear & Greed Index = 50)
โ If SOL holds above $166, the bullish case stays intact.
โ A drop below this range could send it to deeper support near $58 (low probability, but worth watching).
๐ Eyes on $189 โ a confirmed breakout there could quickly send $SOL flying toward $220โ$300.