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Solana price faces bearish trend with potential drop to $60 amid weak momentum and Bitcoin sell-off risk

Technical Signals
02 Aug 2026
AMBCrypto
View Source
Bearish
pluang ai news

Since July, Solana (SOL) bulls struggled to push prices above $80, facing steady bearish pressure despite strong network use and stablecoin liquidity. Technical indicators like RSI and MACD signal further downside, with recent price action breaking key support at $73.4. Analysts expect SOL to potentially fall to $64.1 or even $60 in August, especially if Bitcoin experiences a heavy sell-off. This bearish outlook contrasts with earlier 2024 gains and highlights ongoing market challenges for Solana.

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