$255 Solana? Supply Shock Fuels Bullish Forecast

Solana opened August trading in a tight range just above $165. The coin has hovered near that level after a sharp run-up. Based on reports, big holders rotating profits and deeper DeFi ties are reshaping the outlook for SOL.Solana Holds Critical Support ZoneAccording to on-chain data, SOL has formed what looks like a Golden Cross on its daily chart, where the 50-day moving average crossed above the 200-day line.A pullback to around $160 has lined up with both the 200 EMA and a key trendline. Analysis shows that the $161–$166 area has become a firm floor.If buyers defend that pocket, SOL could climb toward the first barrier near $189 and then test $206. Analyst Mary Emerald has penciled in a move up to $256, a gain of about 60% from today’s prices.On its own, SOL has already jumped more than 50% from earlier lows this year. Prices still face pressure, though. The MACD histogram is negative and hasn’t shown a clear turn upward.That hints that bears have some edge until momentum shifts. Keeping an eye on trading volume around $189 will be key. A strong break and close above that level could open the door to higher targets.New Mobile Phone Starts Shipping In 50 CountriesMeanwhile, with the long-awaited Seeker phone now available in over 50 countries, traders are growing more optimistic about Solana’s price as they eye a possible breakout.The handset combines Web3 functionality with a familiar smartphone experience, using hardware-level security to keep private keys and seed phrases completely separate from the app layer.This development makes Solana a more appealing platform for developers, fuels a vibrant ecosystem and expands SOL’s role as a utility 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, 2025Forecasts Suggest Modest Gains AheadBased on the latest Solana price prediction, SOL is set to rise by 5.28% and reach $173 by September 5, 2025. Over the past 30 days, SOL has recorded 16/30 green days with 7.66% volatility. Current sentiment reads as neutral and the Fear & Greed Index sits at 50.Looking at these metrics, a move toward $173 by early September seems likely if SOL can hold above $166. Failing that, a drop to $58 could prompt a deeper test of support.If buyers can lock in gains around $165 and power SOL above $189 on solid volume, the path to $206—and maybe even $256—comes into view.Until that happens, though, traders may want to wait for clearer signs that momentum has flipped.Featured image from Nansen Research, chart from TradingViewWeiter zum vollständigen Artikel bei NewsBTC Weiter zum vollständigen Artikel bei NewsBTC