Solana price traded near $73.84 on Aug. 5 as weak daily momentum, declining spot demand, and overhead resistance kept SOL trapped below the key $75 level.
Summary
- Solana price remains below four major daily moving averages, preserving its broader bearish structure.
- The 4-hour chart places immediate resistance at $74.72 and $75.69.
- Liquidation clusters near $72.60–$73.00 and $74.70–$75.00 could amplify volatility.
- Analysts disagree on whether consolidation signals accumulation or distribution.
Solana price remains trapped below $75
According to data from crypto.news, Solana (SOL) price changed hands at roughly $73.84 at the time of analysis, little changed…
