{"id":36459,"date":"2026-08-05T12:57:59","date_gmt":"2026-08-05T12:57:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/solana-price-stalls-below-75-as-spot-selling-grows\/"},"modified":"2026-08-05T12:58:28","modified_gmt":"2026-08-05T12:58:28","slug":"solana-price-stalls-below-75-as-spot-selling-grows","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/solana-price-stalls-below-75-as-spot-selling-grows\/","title":{"rendered":"Solana price stalls below $75 as spot selling grows"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">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.<\/p>\n<div id=\"cn-block-summary-block_134952e331b12c7802eee64a5003ab75\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li><strong>Solana price remains below four major daily moving averages<\/strong>, preserving its broader bearish structure.<\/li>\n<li>The 4-hour chart places immediate <strong>resistance at $74.72 and $75.69<\/strong>.<\/li>\n<li>Liquidation clusters near <strong>$72.60\u2013$73.00 and $74.70\u2013$75.00<\/strong> could amplify volatility.<\/li>\n<li>Analysts disagree on whether consolidation signals <strong>accumulation or distribution<\/strong>.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Solana price remains trapped below $75<\/h2>\n<p>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.<\/p>\n<p>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.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Solana price daily chart \u2014 Aug. 5 | Source: crypto.news<\/figcaption><\/figure>\n<p>Further resistance stands at the 100-day SMA near $78.06, while the 200-day SMA remains much higher at $84.71. With all four averages above the market price, the broader trend continues to favor sellers.<\/p>\n<p>The daily Awesome Oscillator remained negative at minus 3.34. Its red histogram bars also indicate that bearish momentum has started building again after weakening in late July.<\/p>\n<p>SOL has nevertheless held above the $70.60 swing low marked on the 4-hour chart. That has prevented the latest pullback from developing into a confirmed breakdown.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Spot selling weakens the consolidation<\/h2>\n<p>The 4-hour chart shows SOL consolidating around the 61.8% Fibonacci retracement level at $73.75. Holding above this level would allow buyers to make another attempt at the 50% retracement near $74.72.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"954\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/08\/1785934679_162_Solana-price-stalls-below-75-as-spot-selling-grows.webp.webp\" alt=\"Solana 4-hour chart shows SOL consolidating near $73.84, with resistance at $74.72 and support at $72.36.\" class=\"wp-image-14476506\"  ><figcaption class=\"wp-element-caption\">Solana price 4-hour chart \u2014 Aug. 5 | Source: crypto.news<\/figcaption><\/figure>\n<p>However, CryptoQuant contributor Ted Pillows warned that the sideways price action has occurred alongside continued spot selling.<\/p>\n<p>\u201cSOL is going sideways. But spot is selling. This looks like distribution,\u201d Pillows wrote on X.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOL<\/a> is going sideways.<\/p>\n<p>But spot is selling.<\/p>\n<p>This looks like distribution. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/DWfQdxJAMM\">pic.twitter.com\/DWfQdxJAMM<\/a><\/p>\n<p>\u2014 Ted (@TedPillows) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/TedPillows\/status\/2084941984989663692?ref_src=twsrc%5Etfw\">August 5, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Distribution occurs when sellers gradually reduce their holdings while the price remains inside a narrow range. It can leave the market vulnerable to a breakdown once short-term buying demand fades.<\/p>\n<p>The chart offers a mixed reading. 4-hour Chaikin Money Flow stood at 0.06, indicating that some capital continued to enter the market. However, the Aroon Down reading of 85.71% remained well above the Aroon Up reading of 14.29%, showing that recent lows carried more strength than recent highs.<\/p>\n<p>Together, the indicators suggest that buyers are defending support but have not regained control.<\/p>\n<h2 class=\"wp-block-heading\">SOL liquidation levels could decide the next move<\/h2>\n<p>The 3-day liquidation heatmap shows leverage building on both sides of the current price.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"4080\" height=\"2409\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/08\/1785934679_485_Solana-price-stalls-below-75-as-spot-selling-grows.webp.webp\" alt=\"Solana 3-day liquidation heatmap shows liquidity clusters near $72.60\u2013$73.00 and $74.70\u2013$75.00.\" class=\"wp-image-14476510\"  ><figcaption class=\"wp-element-caption\">Solana liquidation heatmap | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationHeatMap?coin=SOL&amp;type=symbol\" target=\"_blank\" rel=\"nofollow\">CoinGlass<\/a><\/figcaption><\/figure>\n<p>The closest concentration of potential short liquidations sits above SOL around $74.70 to $75.00. A break through that area could force bearish positions to close and accelerate a move toward $76.<\/p>\n<p>Above $76, additional liquidity appears between approximately $76.40 and $77.30. This area overlaps with the 4-hour Fibonacci resistance at $76.90, and the July swing high at $78.84.<\/p>\n<p>Conversely, large long-liquidation clusters sit between $72.60 and $73.00. A loss of $73.75 could therefore send SOL toward the 78.6% Fibonacci retracement at $72.36.<\/p>\n<p>Failure to hold that level would expose $70.60. A confirmed break below $70.60 would invalidate the current consolidation and increase the risk of another test of the June recovery zone.<\/p>\n<p>The heatmap does not predict which side will be reached first. It identifies areas where forced position closures could make an existing move more volatile.<\/p>\n<h2 class=\"wp-block-heading\">Analysts identify $76 as the breakout level<\/h2>\n<p>Analyst Micha\u00ebl van de Poppe <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/2084932170473226497\" target=\"_blank\" rel=\"nofollow\">placed<\/a> the main bullish trigger slightly above the current resistance range.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIt would be great if we can see a breakthrough of $76 on SOL. If that happens, a buy the dip plan is what I\u2019ll be doing and then the target remains to be $120.\u201d<\/p>\n<\/blockquote>\n<p>The $76 threshold sits above the 38.2% Fibonacci level at $75.69. A sustained close beyond that zone would also move SOL back above its 20-day and 50-day moving averages.<\/p>\n<p>Before $120 comes into view, buyers would still face resistance at $76.90, $78.06 and $78.84. The daily 200-day average near $84.71 would present another major test.<\/p>\n<p>Pillows\u2019 distribution warning presents the bearish alternative. If declining spot demand outweighs positive 4-hour money flow, SOL could lose $73.75 and move toward the liquidation clusters below $73.<\/p>\n<h2 class=\"wp-block-heading\">US institutional news fails to unlock a breakout<\/h2>\n<p>SOL\u2019s muted price action continued despite BlackRock expanding its blockchain-based cash management strategy. A July 31 filing said its Daily Reinvestment Stablecoin Reserve Vehicle would issue on-chain shares across supported public blockchains, including Solana.<\/p>\n<p>The fund invests in cash, short-dated US Treasury instruments and overnight repurchase agreements. It also intends to structure its on-chain shares as eligible reserve assets under the GENIUS Act, subject to regulatory requirements. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/844779\/000119312526329160\/d227993d497k.htm\" target=\"_blank\" rel=\"nofollow\">The SEC filing<\/a> provides Solana with another institutional use case, but it did not trigger a sustained SOL breakout.<\/p>\n<p>Governance developments also remain in focus. SGP-0003 links SIMD-0550, which would accelerate SOL\u2019s disinflation schedule, with SIMD-0553, a resource-based fee proposal that could sharply increase token burns. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coindesk.com\/tech\/2026\/08\/04\/a-new-solana-proposal-would-take-daily-sol-burns-from-usd47-000-to-usd650-000\" target=\"_blank\" rel=\"nofollow\">CoinDesk reported<\/a> that the changes could lift daily burns from about 650 SOL to as many as 9,000 SOL.<\/p>\n<p>For now, SOL remains caught between longer-term supply changes and immediate technical pressure. A close above $76 would strengthen the recovery case, while a loss of $72.36 would place $70.60 back in focus.<\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":32076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/36459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=36459"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/36459\/revisions"}],"predecessor-version":[{"id":36460,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/36459\/revisions\/36460"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/32076"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=36459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=36459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=36459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}