Solana Price Forecast Predicts Potential Rise to $256 Amid Supply Shock
Solana (SOL) remains above $165 after a recent surge, influenced by profit-taking from large holders and stronger ties to DeFi.
Solana Holds Critical Support Zone
- SOL formed a Golden Cross on the daily chart, with the 50-day moving average crossing above the 200-day.
- A pullback to around $160 coincides with the 200 EMA and a key trendline, solidifying the $161–$166 area as support.
- Potential upward targets include $189 and $206; an analyst forecasts a rise to $256, representing a 60% increase from current levels.
- SOL has increased over 50% from earlier lows this year, but the MACD histogram indicates bearish pressure until momentum shifts.
- Monitoring trading volume near $189 is crucial for potential breakout confirmation.
New Mobile Phone Starts Shipping in 50 Countries
- The Seeker phone combines Web3 functionality with standard smartphone features, enhancing Solana's appeal.
- This launch supports developer engagement and expands SOL’s utility as a token.
Seekers officially start shipping today! Thank you for your support and belief in Solana Mobile since day one.
We’re sending tens of thousands of devices to 50+ countries around the world, so sit tight as your order makes its way through over the coming weeks. pic.twitter.com/dQtkWi26JB
— Seeker | Solana Mobile (@solanamobile) August 4, 2025
Forecasts Suggest Modest Gains Ahead
- Forecasts indicate SOL could rise by 5.28% to $173 by September 5, 2025.
- SOL recorded 16 out of 30 green days recently, with volatility at 7.66% and neutral sentiment reflected in a Fear & Greed Index of 50.
- Maintaining above $166 is critical for targeting $173; otherwise, a fall to $58 may occur.
- Buyers need to secure gains around $165 and push SOL above $189 on strong volume to approach higher targets.
