Solana price slips 1.8% to three-day low as fragile rebound falters
Solana faces bearish pressure
Solana [SOL/USDT] has continued to show signs of weakness since May, following a clear downtrend marked by a pattern of lower highs and lower lows. This broader bearish structure has defined market sentiment, limiting every attempt at recovery over the past two months.
• Solana drops toward $149, showing renewed short-term selling pressure
• Solana consolidates while RSI stays neutral, awaiting a decisive breakout
• Solana marks a daily loss of 1.8% as bearish trend structure holds
Earlier this week, Solana’s latest attempt to retrace higher met resistance at $159, a level that had already acted as a barrier last month. This resistance stalled the move and triggered a reversal, sending Solana down to a three-day low at $144.8. Since that drop, price action has shifted into a consolidation phase, with movement confined between the $159 resistance and the $144.8 support zone.
Solana price dynamics (June - July 2025). Source: TradingView
Today, July 4, Solana tested the week’s opening price at $153.3 during the Asian and early European sessions. The second retest of this level during early European hours triggered a decline toward $149, marking a fresh three-day low. The price found temporary relief at this point, supported by the 50 EMA on the four-hour chart. As of the early North American session, Solana trades near $150, showing a daily loss of 1.8%. The weekly performance also sits slightly negative, reflecting the lack of decisive momentum during this sideways phase.
Solana RSI stays neutral as price holds between key EMAs
The consolidation has been mirrored in the RSI on the four-hour chart, which stands in neutral territory. This suggests that neither bulls nor bears currently have a clear advantage, and that the market is waiting for a catalyst to decide the next move.
Looking forward, technical levels provide a crucial roadmap. If Solana drops below the 50 EMA on the four-hour chart at $149 and then breaches the 100 EMA at $148.6, it could pave the way for further downside. Such a move would align with the prevailing two-month bearish trend and expose the price to deeper corrections.
On the other hand, if buyers manage to defend the $149 to $148.6 zone and build strength above $153.3, there could be room for a short-term bounce toward $159. However, the repeated failures at $159 suggest that overcoming this resistance would require a strong shift in sentiment or a fundamental catalyst.
Overall, the consolidation hints at a temporary pause in selling, but the underlying trend remains tilted to the downside. The next few sessions could be decisive in setting the tone for July, as technical boundaries are being tested in an environment shaped by broader crypto market uncertainty.
Solana institutional demand increased as the first U.S. staking fund launched. Solana price pulled back 2.6% and stayed in consolidation after a multi-month rally.
