According to ChainCatcher news, analysts expect the price of Solana (SOL) to reach $300 before August, mainly benefiting from recent bullish chart patterns and the $500 million on-chain liquidity raised by PumpFun ICO. Currently, the trading price of SOL is $163.43, having risen 12.87% in the past 30 days, with a market capitalization of $87.65 billion, consolidating its position as the sixth largest crypto asset in the market. Technical analysis shows that the weekly chart of SOL/USDT indicates a potential bullish reversal, with prices having rebounded and trading above the 89-week EMA. Analysts point out that if SOL can maintain above the support level of $145 to $155, it may rise to a range of $200 to $250 in the future.

SOL1.96%
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