{"id":11334,"date":"2025-07-02T10:27:32","date_gmt":"2025-07-02T09:27:32","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=11334"},"modified":"2025-07-02T10:27:33","modified_gmt":"2025-07-02T09:27:33","slug":"solana-sol-price-decline-key-reasons-analysis","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/solana-sol-price-decline-key-reasons-analysis\/","title":{"rendered":"Understanding the Decline in Solana (SOL) Price : Key Factors Analyzed"},"content":{"rendered":"\n

SOL ETF Raises Technical Concerns Despite Promising Start<\/h2>\n\n\n\n

After a 5%<\/strong> surge following the launch of its first exchange-traded fund (ETF), the price of SOL (Solana)<\/a><\/strong> quickly erased its gains, exposing persistent technical weaknesses in both short and long-term timeframes. This volatility raises questions about the robustness of the Solana blockchain and its appeal to sophisticated investors.<\/p>\n\n\n\n

In the short term, SOL<\/a> has failed to maintain positions above its 50 and 200-day<\/strong> exponential moving averages for over a month. Despite attempting to break above its trendline, the cryptocurrency<\/a> has been unable to transform these movements into a sustainable bullish trend.<\/p>\n\n\n\n

\"SOL<\/figure>\n\n\n\n

However, SOL has responded well this morning and is currently trading above its 100 and 20-day moving averages at $149<\/strong>. The token is up 1.9%<\/strong> since this morning after bouncing off its POC on the 12-hour chart.<\/p>\n\n\n\n

In this context, SOL could potentially target the next strong liquidity zone at $174<\/strong> in the coming days or weeks if the trendline at $151.74<\/strong> is breached again.<\/p>\n\n\n\n

Critical Support and Resistance Zones to Watch<\/h2>\n\n\n\n

The 50-day MA at $157<\/strong> has acted as strong resistance over recent weeks. It will therefore be crucial for SOL to break above this level and maintain it as support to confirm the probability of a long-term bullish movement towards $200 and beyond.<\/strong><\/p>\n\n\n\n

\"Solana<\/figure>\n\n\n\n

Currently consolidating around $149, SOL sits in a price range where a significant concentration of holders is observed, highlighting the importance of defending the support level at $144<\/strong>. Any pullback below this threshold could signal potential weakness, increasing the risk of a deeper decline toward lower support zones at $124 and $95-100<\/strong>.<\/p>\n\n\n\n

Conversely, resistance is emerging at $157<\/strong>, where 5.55% of the supply is concentrated, representing a challenge for bullish momentum. For now, the dense cluster from $144.5 to $147.7<\/strong> underscores a solid foundation that investors should support to maintain SOL’s price.<\/p>\n\n\n\n

How to Buy SOL on BitMart ?<\/h3>\n\n\n\n

Although the ETF launch initially generated enthusiasm<\/strong>, SOL’s persistent technical weakness is a warning sign that savvy investors shouldn’t ignore.<\/p>\n\n\n\n

However, SOL could well reverse the trend today and in the coming days. A breakout above $151 and $157<\/strong> could propel the token toward new highs in the coming months. Here’s a simple guide to obtaining the token on BitMart :<\/p>\n\n\n\n

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  1. Registration<\/strong> : Visit the official BitMart website<\/a>, click “Sign Up,” enter a valid email address and secure password (8+ characters, uppercase letters, numbers), then validate through the received link.<\/li>\n\n\n\n
  2. KYC Verification<\/strong> : Log in, go to “Identity Verification,” upload an ID document (passport\/card) and a recent utility bill, and complete facial verification if requested (15 min to 24h).<\/li>\n\n\n\n
  3. Fund Deposit<\/strong> : Select “Wallet” > “Deposit,” choose USDT, BTC, or credit card. For crypto deposits, generate an address, transfer funds, and wait 10-30 min (network fees apply).<\/li>\n\n\n\n
  4. Purchase<\/strong> : Go to “Spot Markets,” search for SOL\/USDT, select a market order (immediate purchase) or limit order (defined price), enter the amount, and confirm (fees at 0.1%).<\/li>\n<\/ol>\n\n\n\n
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    SOL is available on BitMart – Buy it now<\/a><\/div>\n<\/div>\n\n\n\n

    More on this topic :<\/strong><\/p>\n\n\n\n