Solana price risks $70 drop as buyers retreat

Solana price slipped below $73 on Aug. 3 as weak spot demand and sustained capital outflows raised the risk of a drop toward $70. Summary Solana price fell 1.47% to $72.55, placing the token near its daily lower Bollinger Band. The 4-hour chart shows SOL below all four tracked moving averages, with the 200-period SMA at $76.79. Chaikin Money Flow dropped to -0.17, indicating that selling pressure continued to outweigh buying demand. Liquidation liquidity is concentrated near $73.50–$74.50, making that zone the first major upside test. Solana price extends its decline below $73 According to data from crypto.news, Solana (SOL) price traded at $72.55 on Aug. 3, down 1.47% on the daily chart after moving between an intraday high of $73.67 and a low of $71.98. The decline extended a broader pullback from the July high near $82.50. SOL has formed a sequence of lower highs since that peak, with sellers defending rebounds around $78 and then $76. Solana price daily chart — Aug. 3 | Source: crypto.news Price has now fallen below the daily Bollinger Band midpoint at $75.09. This level previously acted as support but has turned into the first major resistance area. SOL briefly moved below the...