Conclusion
Solana price analysis for July 30, 2022, ends on a bearish note for SOL with high chances of retesting $40.
Solana price analysis for July 30, 2022, comes on a bearish note for the SOL coin as we can confirm that the prices have dropped by more than 2% in the last 24 hours and investors can expect additonal price drop in the near future as well. Additionally, there are also chances of the token retesting the nearest support for its price action. It is clear that the SOL hasn’t been able to make a move towards $50 because of a resistance above $45 and it seems that similar movement will follow due to lack of volume.
As noted in our SOL price analysis for July 29, 2022, the Solana coin has a strong support at the $30 price level and a minor one at the $40 price region. It will be interesting to see if these hold.
The data from CoinMarketCap shows that the trading volume for SOL dropped by 14.98% in the last 24 hours, followed by a 2.64% drop in the market cap. The Market Dominance of the Solana token dropped to 1.32%, while the Volume / Market Cap Ratio stands at 0.1426.
The daily candle for Solana was initiated at a price of $41.92 and reached a daily high of $42.49. Furthermore, the daily low for SOL was seen at $41.41, while the price of 1 SOL at the time of writing was $41.87.
Solana price analysis from the daily chart for July 30
Solana price analysis for July 30, 2022, will take into account the data from the daily chart below and three major indicators integrated into it.
Source: TradingView
The MACD line and the signal line are overlapping while the histogram shows an extreme lack of volume flowing into the Solana token.
The RSI indicator reads a value below 56 confirming that the bulls are losing steam.
The price action for Solana aims to retest the middle region of the Bollinger Bands as situation remains uncertain.
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December 19, 2025
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