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🚀 Solana Inches Toward Crucial Zone — Is a Big Move Brewing

koinmilyoner

Updated at: 21 hours ago

{"content":"🚀 Solana Inches Toward Crucial Zone — Is a Big Move Brewing? Since Solana Mobile began shipping its second-generation Web3 smartphone, the Seeker, to over 50 countries, Solana rose 9.6% from its previous lows. The cryptocurrency reached a multi-day high of $171 on the news, boosting investor optimism before retracing to its local range. Since the April-May breakthrough, SOL has been trading between $140-$180, trying to recapture the local high. SOL briefly lost its local range lows during the June drop, once again seeking $120-$130 support. During the July rise, the cryptocurrency momentarily broke out of the upper border and reached $206 two weeks ago, a five-month high. Solana has now fallen 25% from its highs to the mid-range of its local price range, $160–$164. The UTXO Realized Price Distribution (URPD) indicator showed SOL's most important levels throughout its recent performance. The data shows that the altcoin's major support region is $165, where the greatest supply cluster is with 44.4 million SOL, or 7.42%. Thus, Solana must retake $165 soon or risk turning it become a critical resistance level, causing additional losses. However, reclaiming this level will force the cryptocurrency to revisit the important resistance levels at $177 and $189, where investors have amassed 27.6 million and 23.6 million SOL, respectively. SOL Preparing for ‘Real’ Run? The market expert predicted a new all-time high for Solana this quarter, doubting “the train stops anytime soon” as it overcomes $200 barrier. Meanwhile, predicted another cryptocurrency correction. The analyst expects Solana to drop 10% to its four-month rising support line at $150 before “the real move.” The chart shows that the cryptocurrency bounced off this support line twice in April and June before surging to local highs in May and July. #solana #Sol $SOL ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/06/14d1fd956ed3492aaa3500fc3d8addbb.png"],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}

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