The Solana price today is trading near $145.30, down over 0.9% in the last 24 hours, as sellers continue to pressure the asset below multiple key EMAs. SOL has returned to a major demand zone near $144.50–$140.80 after failing to hold above $150, and bears appear to be tightening their grip. The rejection from $158 resistance earlier this week was followed by a steady bleed into lower price territory, reflecting weakening bullish conviction.
Current Solana price action suggests another breakdown test may be imminent, as price consolidates near a structural support low from early June. With market-wide uncertainty and compression evident, traders are closely watching for confirmation of a breakout or breakdown.
What’s Happening With Solana’s Price?
The current short-term structure shows SOL continuing to trade beneath its 20/50/100/200 EMA cluster, now converging between $148.5 and $156.1. The latest 4-hour candle shows compression below this resistance band, with price pinned near the midline of the Bollinger Bands, and lower Keltner Channels narrowing around $141.7…
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