- Solana price holds near $168 after a 7% recovery, fueled by the global rollout of its Seeker mobile device.
- Positive trader sentiment and strong technical support suggest potential for further gains toward $184.
Solana (SOL) is showing signs of renewed strength, stabilizing near $168 after a nearly 7% recovery in just two days. This resurgence follows the long-anticipated rollout of Solana’s Seeker mobile device, now shipping to users in over 50 countries. Coupled with a shift in trader sentiment and promising technical indicators, SOL could be positioning itself for another upward push.
Seeker Shipments Expand Solana’s Reach
On Monday, Solana Mobile confirmed it had begun shipping its Seeker phone globally. With over 150,000 pre-orders already in place, this move could be a major catalyst for network growth. The device features a mobile-native crypto wallet and a decentralized app store, aligning with Solana’s broader goal of mass crypto adoption.
In a post on X (formerly Twitter), Seeker said:
“We’re sending tens of thousands of devices to 50+ countries around the world…”
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, 2025
The rollout highlights Solana’s ambition to bridge mobile technology with decentralized finance, an area few major blockchain platforms have explored at scale.
Traders Flip Bullish as Technicals Stabilize
Derivatives data reflects a noticeable shift in sentiment. According to CoinGlass, Solana’s funding rates turned positive on Tuesday, reading 0.0006%. This suggests that more traders are betting on price increases than declines — a classic signal of growing bullishness.
Historically, when Solana’s funding rates flip from negative to positive, the price tends to follow with upward movement. While SOL had fallen 13.44% last week, it found reliable support around the 200-day Exponential Moving Average (EMA) at $162.75 — which also aligns with the 61.8% Fibonacci retracement level at $163.40.
What’s Next for Solana?
If support at the 200-day EMA continues to hold, Solana could target its next resistance level at $184.13. However, traders should watch the Relative Strength Index (RSI), currently at 47. A move above 50 could confirm renewed strength in the uptrend.
On the downside, a correction could push SOL toward the 50% retracement level at $150.39. Still, with positive sentiment, strong technical support, and a new product enhancing ecosystem utility, Solana appears poised for a potential breakout.
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