Conclusion
Solana price analysis for July 25, 2022, ends on a bearish note for SOL with high chances of reclaiming $40.
Solana price analysis for July 25, 2022, comes on a bearish note for the SOL coin as we can confirm that it has dropped by almost 5.8% in the last 24 hours and has failed to retain prices above the $40 price level which is an area of resistance for the token. In the past few days, the token has tried to retain prices above the $40 price level and make a move towards the $50 price level and undergo a trend reversal. However, the SOL token has failed to do on a number of occassions.
Furthermore, as noted in our SOL price analysis for July 24, 2022, there are considerable chances of the token reclaiming the $40 price level if the bulls take over the price action of the token. However, the nearest support for the token stands at the $30 price level which hasn’t been broken for a long time.
The data from CoinMarketCap shows that the trading volume for SOL surged by 4.19% in the last 24 hours, followed by a 5.99% drop in the market cap. The Market Dominance of the Solana token dropped to 1.32%, while the Volume / Market Cap Ratio stands at 0.09374.
The daily candle for Solana was initiated at a price of $40.91 and reached a daily high of $41.09. Furthermore, the daily low for SOL was seen at $37.74, while the price of 1 SOL at the time of writing was $38.49.
Solana price analysis from the daily chart for July 25
Solana price analysis for July 25, 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 very close, which confirms a lack of trading volume.
The RSI indicator reads a value below 49 which confirms that the SOL bears are now in control of the price action of Solana.
The price action for Solana is retesting the middle zone of the Bollinger Bands hinting that a crash into the bearish region is possible.
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December 14, 2025
December 14, 2025
December 14, 2025
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