Solana price stalls below $75 as spot selling grows

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 over the previous 24 hours. The token has repeatedly failed to establish support above $75 since July 30, leaving its short-term direction unresolved. The daily chart shows SOL trading below its 20-day simple moving average at $74.89 and its 50-day average at $75.09. Those closely grouped levels create an immediate resistance zone between $74.89 and $75.09. Solana price daily chart — Aug. 5 | Source: crypto.news Further resistance stands at the 100-day SMA near $78.06, while the 200-day SMA remains much higher at $84.71. With all ...