Solana price forecast: SOL stuck below $72 as bears take control

• Solana price sits at around $71 with strong resistance at $75.95.
• Indicators and EMAs show a bearish market trend.
• Weekly gains contrast with weak momentum and extreme fear sentiment.

Solana price continues to trade in a tight range around the low $70s, with the asset struggling to reclaim the $72 level.

At the time of writing, SOL was trading near $71.26, after a mild 24-hour decline of about 0.7%.

Despite a stronger weekly rebound of roughly 10%, the broader market pattern still shows clear resistance overhead and weakening momentum across multiple technical indicators.

Over the past 24 hours, the Solana price has remained trapped between $70.69 and $74.24, without a decisive trend forming.

Technical structure still favours sellers

Looking at the charts, Solana (SOL) remains under pressure from a layered resistance structure formed by major moving averages.

Recent price movements show that SOL has only managed to reclaim the 10-day exponential moving average (EMA), while the 20-day, 50-day, 100-day, and 200-day EMAs are all positioned above the current price level.

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