Solana Price Stalls at Resistance as Bearish Trend Continues

Solana's price has been stuck in a narrow range between $73 and $75 after failing to extend its July recovery.

The cryptocurrency has been unable to break above the resistance at the 50-day and 100-day moving averages, which are around $75. Buyers have defended the support level near $72 multiple times, but the overall trend remains bearish as Solana has formed lower highs since May.

Technical indicators like the RSI suggest weak momentum, leaving room for potential downside if support breaks. For a bullish reversal, SOL needs to reclaim key moving averages and push toward the $80 psychological level.