Solana (SOL) Price Prediction for July 5

After failing to sustain above the $154 resistance level, Solana price today has pulled back toward the $150.50 region. Despite last week’s bullish breakout above descending trendline resistance, momentum is now fading as traders reassess risk in a low-volume environment. At the time of writing, SOL is down 1.2% on the day, hovering near $150.65. What’s Happening With Solana’s Price? SOLUSD price dynamics (Source: TradingView) Solana price action has entered a key compression zone. On the 4-hour chart, SOL broke above the June descending wedge but has since rejected the $154.20–$157.50 resistance cluster. This area also corresponds with a volume node and the upper boundary of the descending triangle that has capped price action since April. SOLUSD price dynamics (Source: TradingView) The 1D chart shows SOL is nearing the apex of a longer-term symmetrical triangle, formed between the $144–$154 consolidation zone and broader diagonal resistances. If bulls fail to defend the current higher low structure near $148, SOL may revisit the lower support trendline near $142. SOLUSD price dynamics (Source: TradingView) Weekly Fibonacci levels show that … The post Solana (SOL) Price Prediction for July 5 appeared first on Coin Edition .

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