#Solana Price Struggles Under Resistance with Support Tests on the Horizon

Solana (SOL) is currently showing signs of technical weakness on the daily chart, with several indicators aligning to suggest downward pressure. Over the past few sessions, SOL has continued to close lower, failing to regain traction above resistance levels near $156.95 and $157.59.

Key momentum indicators are flashing caution. The RSI has remained below the midpoint, signaling a lack of buying strength. Meanwhile, the MACD shows continued divergence below the signal line, with a widening negative histogram that reflects increasing bearish momentum. Both the 9-day and 20-day EMAs are trending downward and remain above the price, further confirming the short-term bearish bias.

With support now being tested around the $154 region, and deeper levels at $146.31 and $143.95 in sight, traders are watching closely for signs of either a breakdown or a potential bounce. Reclaiming short-term EMAs or a bullish MACD crossover would be needed to suggest any real momentum shift.

$SOL #SOL

Read the full analysis: www.ecoinimist.com/2025/06/05/solana-price-struggles-under-resistance