Solana (SOL) Price Prediction for August 6
The post Solana (SOL) Price Prediction for August 6 appeared on BitcoinEthereumNews.com. The Solana price today is trading around $169.05 following a short-term bounce from key support near $155. Despite climbing over 6% since August began, SOL now faces resistance from a confluence of technical barriers. Price remains below the Supertrend on the 4-hour chart and the 0.382 Fibonacci retracement level from the November–March swing, with $171.40 acting as the next hurdle for bulls. Solana (SOL) Price Forecast Table: August 6, 2025 Indicator / Zone Level / Signal Solana price today $169.05 Resistance 1 $171.12 (4H Supertrend) Resistance 2 $175.80 (CHoCH zone) Support 1 $165.00 Support 2 $161.71 (Parabolic SAR) Support 3 $155.00 (Demand zone) RSI (30-min) 58.57 (Neutral-Bullish) DMI (ADX) 35.75 (Strong trend forming) VWAP $168.51 (price above, neutral bias) Supertrend Bearish under $171.12 Fib 0.382 Level (Weekly) $171.40 Netflow (Aug 5, 05:30) -$9.81M (bearish pressure) What’s Happening With Solana’s Price? SOL price dynamics (Source: TradingView) SOL recently rebounded from a confluence of demand zones between $150 and $155, where the 4-hour chart shows a strong lower boundary of the falling parallel channel. Since then, price has been trading inside a rising short-term channel on the 30-minute chart, but it is now approaching the upper limit of the larger descending structure that has capped all upside since July 20. The Parabolic SAR has flipped below price, indicating the initial stage of a possible trend reversal. However, the Supertrend remains bearish and currently sits at $171.12, just above the current price. A breakout above that level would confirm a momentum shift. Meanwhile, the VWAP on lower timeframes shows SOL trading slightly above the session average, suggesting a neutral to mildly bullish bias intraday. Why Is The Solana (SOL) Price Going Up Today? Why Solana price going up today can be linked to structural support bounces and the recovery of short-term market sentiment.…
The post Solana (SOL) Price Prediction for August 6 appeared on BitcoinEthereumNews.com.
The Solana price today is trading around $169.05 following a short-term bounce from key support near $155. Despite climbing over 6% since August began, SOL now faces resistance from a confluence of technical barriers. Price remains below the Supertrend on the 4-hour chart and the 0.382 Fibonacci retracement level from the November–March swing, with $171.40 acting as the next hurdle for bulls. Solana (SOL) Price Forecast Table: August 6, 2025 Indicator / Zone Level / Signal Solana price today $169.05 Resistance 1 $171.12 (4H Supertrend) Resistance 2 $175.80 (CHoCH zone) Support 1 $165.00 Support 2 $161.71 (Parabolic SAR) Support 3 $155.00 (Demand zone) RSI (30-min) 58.57 (Neutral-Bullish) DMI (ADX) 35.75 (Strong trend forming) VWAP $168.51 (price above, neutral bias) Supertrend Bearish under $171.12 Fib 0.382 Level (Weekly) $171.40 Netflow (Aug 5, 05:30) -$9.81M (bearish pressure) What’s Happening With Solana’s Price? SOL price dynamics (Source: TradingView) SOL recently rebounded from a confluence of demand zones between $150 and $155, where the 4-hour chart shows a strong lower boundary of the falling parallel channel. Since then, price has been trading inside a rising short-term channel on the 30-minute chart, but it is now approaching the upper limit of the larger descending structure that has capped all upside since July 20. The Parabolic SAR has flipped below price, indicating the initial stage of a possible trend reversal. However, the Supertrend remains bearish and currently sits at $171.12, just above the current price. A breakout above that level would confirm a momentum shift. Meanwhile, the VWAP on lower timeframes shows SOL trading slightly above the session average, suggesting a neutral to mildly bullish bias intraday. Why Is The Solana (SOL) Price Going Up Today? Why Solana price going up today can be linked to structural support bounces and the recovery of short-term market sentiment.…
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