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Solana (SOL) Poised for Move – Can It Clear This Barrier?

August 7, 2025
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Solana began a recent improve from the $162 zone. SOL value is now consolidating good points and would possibly goal for extra good points above the $172 zone.

SOL value began a recent upward transfer above the $165 and $166 ranges towards the US Greenback.
The value is now buying and selling above $165 and the 100-hourly easy shifting common.
There’s a contracting triangle forming with resistance at $168 on the hourly chart of the SOL/USD pair (information supply from Kraken).
The pair may begin a recent improve if it clears the $172 resistance zone.

Solana Worth Eyes Upside Break

Solana value began an honest improve after it discovered assist close to the $162 zone, like Bitcoin and Ethereum. SOL climbed above the $165 degree to enter a short-term optimistic zone.

The value even smashed the $1682 resistance. The bulls have been in a position to push the worth above the 50% Fib retracement degree of the downward transfer from the $172 swing excessive to the $162 low. Nonetheless, the bears are energetic close to the $170 zone.

The 76.4% Fib retracement degree of the downward transfer from the $172 swing excessive to the $162 low is performing as a resistance. There’s additionally a contracting triangle forming with resistance at $168 on the hourly chart of the SOL/USD pair.

Solana is now buying and selling above $165 and the 100-hourly easy shifting common. On the upside, the worth is dealing with resistance close to the $170 degree. The following main resistance is close to the $172 degree. The primary resistance could possibly be $175. A profitable shut above the $175 resistance zone may set the tempo for one more regular improve. The following key resistance is $182. Any extra good points would possibly ship the worth towards the $192 degree.

Are Downsides Restricted In SOL?

If SOL fails to rise above the $170 resistance, it may begin one other decline. Preliminary assist on the draw back is close to the $164 zone. The primary main assist is close to the $162 degree.

A break beneath the $162 degree would possibly ship the worth towards the $152 assist zone. If there’s a shut beneath the $150 assist, the worth may decline towards the $145 assist within the close to time period.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is dropping tempo within the bullish zone.

Hourly Hours RSI (Relative Energy Index) – The RSI for SOL/USD is above the 50 degree.

Main Assist Ranges – $164 and $162.

Main Resistance Ranges – $170 and $172.



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Tags: BarrierClearMovePoisedSOLSolana
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