Solana Price Consolidates Near $104 Amid Bullish Structure and Fading Momentum
The Solana price today sits at $104.08 on September 4, 2026, according to recent data from Bitget. Despite this bullish structure, momentum indicators suggest that the rally may be losing steam.
On a daily chart, the Solana price is trading above its major EMAs: EMA20 at $96.39, EMA50 at $87.64, and EMA200 at $89.70. This confirms a textbook bullish structure. However, momentum indicators are flashing caution, with the MACD histogram turning slightly negative.
The Fear & Greed Index sits at 74 (Greed), while Bitcoin dominance holds at 59.74%. On-chain DEX data shows divergence: Orca and Raydium posted 30-day fee growth above 64%, while PumpSwap and HumidiFi recorded sharp short-term declines.