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Solana price risks pullback as MACD turns bearish

Solana price risks pullback as MACD turns bearish

Solana price held near $95 on Aug. 24 after gaining roughly 26% as regulatory optimism, record tokenized-asset value and active network governance votes supported the rally.

Summary

  • Solana price gained about 26% after breaking above the former $78 resistance level.
  • SOL faces daily resistance between $97.68 and $98.44 after briefly reaching $102.88.
  • Validators are voting on proposals covering governance, inflation, and transaction fees.
  • Liquidation liquidity is concentrated near $96.30, with another cluster around $93.

Solana price action today

According to data from crypto.news, Solana (SOL) price traded at $94.71 at press time on Aug. 24. The token had risen…

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