Technical analysis by TopGBanks about Symbol SOL on 8/10/2025

Price is trading within an ascending channel, currently around $182. A breakout continuation could target $195 first, followed by $205. Support remains at the lower channel line, keeping the short-term bullish momentum intact. Solana remains one of the fastest-growing L1 ecosystems with strong DeFi, NFT, and gaming adoption. Network activity and developer growth remain high, reinforcing investor confidence ahead of potential ecosystem upgrades.