Solana price decreases as bears take control of the SOL token, while Unilabs Finance steals the spotlight with a staggering presale raise of over $10.5 million.
Solana price is trading in a critical inflection zone, with horizontal support around $160 and key resistance near $168–172. The near-term technical bias is cautious for the SOL token. The risk factor is leaning bearish unless support holds for the Solana price and volume returns on an ascending trajectory.
SOL’s optimism hinges on institutional adoption, protocol upgrades, and ETF developments. Bullish projections remain intact for the Solana price, but momentum and macro trends will dictate whether the $200 target remains attainable for the SOL token or not.
As SOL struggles on a turbulent path, Unilabs Finance steals the spotlight with a massive presale raise of over $10.5 million in stage 6 of its presale. The AI-backed asset management platform has created a buzz in the crypto space with its unique features and an ever-rising public demand that helped complete stage 5 of its presale in a few days!
Solana Price Analysis: SOL Under Bearish Pressure!
SOL is trading in the $162–$164 range with the Solana price reaching the $165 mark on Monday after registering an intraday increase of 2%. SOL’s market cap sits near $87 billion, while the 24-hour trading volume decreases by 5.5%.
The Solana price has dropped by a noticeable 13% over the past week, making it one of the weakest performing major cryptos recently. SOL’s technical indicators also hint at a bearish Solana price path in this bull run.
TipRanks highlights multiple oversold and buy signals (MACD positive, CCI positive, Williams %R), but most moving averages (5‑day, 20‑day, 50‑day, etc.) currently remain in the selling zone.
Barchart data shows the Solana price near the 50‑day and 20‑day MA and trading slightly below the 100‑day and 200‑day MAs (bearish signs). Technical studies suggest a critical support zone for the SOL token around $157–162, which overlaps the 100‑day EMA.
A breakdown below that, particularly under $160, may expose Solana prices toward $150 or lower. SOL faces resistance between $166–168, which, if reclaimed, could open the path to $175–180, and potentially $195–200 by early August if bullish momentum picks up.
Unilabs Finance Dominates The Market With AI-Backing!
Unilabs Finance is gaining serious traction as its presale reaches the $10.5 million mark. The UNIL token has already surged by over 112%, and provided huge returns to early investors. This move seems to draw interest from retail and institutional investors and proves it to be the best altcoin to buy in this bull run.
The platform’s standout feature is the EASS engine. An AI-powered mechanism that analyzes market patterns in real-time. Through this, it is able to allocate capital towards emerging, high-potential assets before they even hit the wider market.
Unlike most of the tokens that heavily depend on hype and speculation, Unilabs also offers real utility. It merges cross-chain DeFi access, tokenized real-world assets, and automated yields, all under a single dashboard. This unique functionality allows investors to build a diversified portfolio and stake UNIL for up to 40% APY.
Unilabs Finance’s high upside potential makes it an enticing investment option. With over $32 million in AUM already locked in, the platform seems to be scaling fast. The UNIL token is available at $0.0097 in stage six of its presale. The UNIL price will increase to $0.0108 in the next stage, thus investors suggest rushing to buy the token in this bull run.
Key Takeaways
The Solana price has started a downtrend, with the SOL token currently trading at $165 mark. SOL’s technical indicators also hint at a bearish takeover. Meanwhile, Unilabs Finance enters stage 6 of its presale after completing stage 5 in a few days. Investors are flocking to the UNIL tokens!
Find out more about the Unilabs (UNIL) Presale Today:
Website: https://unilabs.finance/
Telegram: https://t.me/unilabsofficial
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Source: https://coindoo.com/solana-sentiment-turns-bearish-unilabs-unil-enters-spotlight-with-10-5-million-raised/