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. Related Reading: Crash Incoming? Kiyosaki Warns Of ‘August Curse’ And Reveals His Bitcoin Buy Zone Solana Holds Critical Support Zone According 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
source: https://www.newsbtc.com/altcoin/255-solana-supply-shock-fuels-bullish-forecast/