Many of the Solana price goals have been described for more than $ 500; However, Sol needs a heart of $ 200 in the short term, so that this is a possibility

Solana Target Price Of $200 In July Wavering As SOL Drops 4% Overnight

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At the beginning of July, everywhere you looked at, you can see a $ 200 or more target price. After a strong start, which saw Sol Surge by +10 % from $ 145 to more than $ 167, many expectations indicated that Solana (SOL) could reach a target price of more than $ 200 by August.

However, the sharp sale process overnight caused 4 % on the sixth of the market ceiling, which led to less than $ 160, as many now ask whether Solana can reach 200 dollars this month.

Many of the Solana price goals have been described for more than $ 500; However, Sol needs a heart of $ 200 in the short term, so that this is a possibility

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Sol support for a price of $ 160 – if the upscale bullish momentum can continue

While Solana has decreased to less than his weekly support level of $ 160, it is currently being traded by $ 159.9, just a few stages away from restoring this important level.

Solana’s main goal of merchants and analysts was overwhelmingly $ 200 by August, and if Seoul could turn $ 160 to support, this goal remains a realistic possibility.

Although $ 160 is a major level for SOL, $ 155 now represents a strong support zone, which must act as a sane security for Solana and is trying to restore its upscale momentum from the past three weeks.

Solana’s high -time price goals are expected to range between $ 500 and $ 1,000 by the end of this session, but there is a lot of work that must be done in order to reach this goal, and cleansing 200 dollars in the short term is the top priority.

Sol is only 45 % less than its highest level at $ 293, which it reached in January this year. Stirring will save $ 200, the perfect back panel for running about $ 300, which must put Solana to turn on those prices of $ 500.

The technical indicators that must be monitored include Sol MacD every hour, which gain momentum in the Habbiyah area on the Sol/USD pair. The RSI Index (The Relative Power Index) sits at 55.42, and places it firmly in the neutral area.

The main support levels are $ 158 and $ 155; A daily closure of less than $ 155 can indicate a larger transition to the negative side. On the other hand, the main resistance levels are at $ 162 and 168 dollars on a time frame for one day, and the longest ranges here can push through these barriers more difficult.

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Solana is in the spotlight with the congestion

Whether it is positive or negative, Solana is in the spotlight at the present time, with continued success in the Bonk ecosystem and the release of Pump.fun’s Pump Token.

Since its launch yesterday (July 14), POMP has been traded within a narrow range, between $ 0.0051 and $ 0.006, and still settles before creating a clear direction.

Although the price of the pump has not exploded in any of the two directions yet, more than $ 1.2 billion has been treated in the trading volume in about 18 hours, highlighting the demand and noise surrounding the symbol.

This level of attention on the pump and the Bonk ecological system can not only be positive for Solana, as it attracts the new liquidity of the network, as the majority of merchants exchange these symbols against Sol.

Sol Spot ETF decisions looming on the horizon: This can pay the Solana price of $ 200+

Many of the Solana price goals have been described for more than $ 500; However, Sol needs a heart of $ 200 in the short term, so that this is a possibility

(source)

The Rex -Sprey Sol Staking ETF team started earlier this month, the first of its kind for a US-based company. It has since raised more than $ 73 million of management assets, and its daily flow sits +10 million dollars with more than $ 19 million in daily size.

These numbers are optimistic and indicate the demand for regulating Solana products. With the presence of more than ten Sol Sol funds, waiting for the SEC currently, a series of stimulating approvals is likely to provide Sol to reach $ 200 and beyond in the short term.

There are many ETF Solana Solana boxes currently available in the market, but they are fresh investment funds from companies such as Blackrock, Fidelity, 21shares and Franklin Templeton, among other things, that the market is eagerly expected.

At the end of June, it was announced that ETF Sol SOP of VANECK was inserted by DePository Trust and Comploring (DTCC). This step usually indicates the preparations of the back interface in anticipation of green light from the Supreme Education Council, indicating the approval of the Sol Sol ETF long before.

Bloomberg analysts expect a 90 % chance for Sol ETF approval in 2025, and the Polymarket Predicting Platform has the approval of Solana ETF in the 2025 market “sits 99 % for occurrence.

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The target price of Solana of $ 200 in July is frequented, as Sol decreased by 4 % overnight in first place on 99bitcoins.

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