After bouncing from the $142 support cluster last week, the Solana price today is consolidating just below the $154 resistance level. The structure remains within a tightening wedge, where the battle between bulls and bears is intensifying. With funding rates positive and open interest rising, speculative momentum is building ahead of a potential breakout. What’s Happening With Solana’s Price? SOLUSD price dynamics (Source: TradingView) Solana has formed a symmetrical triangle on the 4H chart, with higher lows from $142 and descending highs from the June peak near $157. This wedge compression is now squeezing price into a narrow apex zone between $150 and $154. SOLUSD price dynamics (Source: TradingView) On the daily timeframe, SOL is also pinned below a descending trendline from April’s highs. However, price has reclaimed the mid-range of the recent structure and is now testing both the local trendline and a prior demand-turned-supply zone. The range between $154 and $157 is a confluence resistance that needs to be flipped for continuation. If bulls break above this zone with volume, a revisit of $162 or even $171 is possible. But failure to clear … The post Solana (SOL) Price Prediction for July 8 appeared first on Coin Edition .
