What is Happening in Solana: Next Target Revealed

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Solana (SOL) is currently trading near $147.50, marking a 0.56% decline over the past 24 hours. The token remains in a consolidation phase, hovering between $145 and $154 as traders respond to mixed signals from recent ecosystem performance.

In this article, we will look at solana next target along with technical analysis and latest news.

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Solana Next Target

  • Current Price: $147.51
  • 24h Price Change: โ€“0.56%
  • 24h Range: $145.91 โ€“ $148.50
  • Market Cap: ~$79 billion
  • 24h Trading Volume: ~$1.6 billion
  • Circulating Supply: ~604.6 million SOL
Solana Next Target

ย Price had a bullish breakout from Channel Down pattern, which could signal at least a temporary trend reversal with +10% upside potential to $160-$167 next. Stop loss at $136.

This is a riskier trade setup because itโ€™s a trend reversal not a trend continuation setup. Itโ€™s against the overall downtrend.

Key Technical Indicators

  • RSI: Around 48 (neutral)
  • MACD: Slightly bearish crossover observed
  • Support Levels: $145โ€“$146 (100โ€‘day EMA), followed by $142
  • Resistance Levels: $154โ€“$154.20 (previous rejection), then $160โ€“$165
  • Trend Overview: Neutralโ€”neither strong bullish nor bearish bias, awaiting breakout

Latest Solana News & Developments

  • dApp Revenue Leader
    In June, Solana generated approximately $146 million in dApp revenueโ€”surpassing Ethereum and BNBโ€”leading the decentralized app ecosystem.
  • Ecosystem Momentum
    Monthly trading volume surged to roughly $156 billion, reflecting strong growth in DeFi and NFT platform usage.
  • Technical Setup Caution
    Price attempted to break above the $154โ€“$157 resistance cluster but failed to sustain gains, leading to a short-term retracement.
  • Macro & Infrastructure
    Despite strong developer activity and ecosystem adoption, Solana remains sensitive to broader market trends and Bitcoin movement.

๐Ÿ‘‰ Short-Term View: Neutral โ€“ awaiting a clear breakout or breakdown
๐Ÿ“‰ Risk Level: Moderate โ€“ expect volatility near key support/resistance zones

For on-demand analysis of any cryptocurrency, join ourย Telegram channel.

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Harsh Panghal
Harsh Panghal

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