Solana Price Tumbles Amid Weak Momentum and Bitcoin Sell-Off Risk
Solana's price has been struggling to push past $80 since July, and analysts warn of potential further decline due to weak momentum and a risk of a Bitcoin sell-off. Technical indicators such as RSI and MACD signal bearish trends, with recent price action breaking key support at $73.4.
This weakness contrasts with earlier 2024 gains for Solana and highlights ongoing market challenges. Analysts expect the price to potentially fall to $64.1 or even $60 in August, especially if Bitcoin experiences a heavy sell-off.