Category: Crypto News, News

Solana (SOL) Price Prediction for July 8

By Published On: July 7, 20251.1 min readViews: 290 Comments on Solana (SOL) Price Prediction for July 8

After bouncing from the $142 support cluster last week, the Solana price today is consolidating just below the $154 resistance level. The structure remains within a tightening wedge, where the battle between bulls and bears is intensifying. With funding rates positive and open interest rising, speculative momentum is building ahead of a potential breakout.

What’s Happening With Solana’s Price?

SOLUSD price dynamics (Source: TradingView)

Solana has formed a symmetrical triangle on the 4H chart, with higher lows from $142 and descending highs from the June peak near $157. This wedge compression is now squeezing price into a narrow apex zone between $150 and $154.

banner image
SOLUSD price dynamics (Source: TradingView)

On the daily timeframe, SOL is also pinned below a descending trendline from April’s highs. However, price has reclaimed the mid-range of the recent structure and is now testing both the local trendline and a prior demand-turned-supply zone. The range between $154 and $157 is a confluence resistance that needs to be flipped for continuation.

If bulls break above this zone with volume, a revisit of $162 or even $171 is possible. But failure to clear …

The post Solana (SOL) Price Prediction for July 8 appeared first on Coin Edition.

Source link

banner image

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Leave A Comment