Crypto Sister

08/07 02:37

Solana (SOL) Price Forecast: Quiet Accumulation Hi

Solana (SOL) Price Forecast: Quiet Accumulation Hints at Rally Above $180 in August

Solana has risen from $140 to $168 despite a decline in social media activity.

Technical momentum indicators are pointing to short-term weakness, though key support levels remain intact.

August could start with consolidation, but a breakout to $180 is still possible.

Solana has shown tremendous strength, bouncing from $140 in July to nearly $168 in early August. Despite this significant recovery, Santiment data suggests that social media dominance has fallen to a low of 4.57%. Interestingly, when social media volume falls during a rally, it is because smart money, or savvy investors, are accumulating funds when the hype dies down.

In Q2, social media hype picked up right before the price correction began.  In contrast, relatively quiet periods have often been followed by gradual gains. This inverse relationship between price action and market sentiment is now evident. This means that Solana's uptrend is still alive, even if the broader market audience is not actively discussing it.

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