Solana’s price prediction shows a bearish trend. Since June 27, Solana’s price has been fluctuating within the moving average range, ranging between approximately $130 and $150. Although on July 3, buyers tried to sustain the price above the 50-day SMA, they were unsuccessful.

Solana recently dropped to a low of $127 and later rebounded. Currently, the price is trading above the support of the 21-day SMA but remains below the resistance of the 50-day SMA. The price of Solana is expected to remain range-bound in the coming days. If Solana is able to break above the 50-day SMA, it is likely to restart the uptrend. The current trading price is around $141.

In terms of price indicator analysis, Solana’s price has retraced around the moving averages. The upward momentum is likely to face resistance at the 50-day SMA or the high of $155. The moving averages remain relatively horizontal in a sideways trend.

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