SOL EMA Overhead Resistance Rejection
Solana's longer-term trend remains bearish as the 100-day and 200-day EMAs continue to reject price and slope downward.
Too little corroboration in the last 3 days to call a trend (5 articles). Watching for it to gain traction.
Still mostly niche and specialist coverage — not yet picked up broadly by mainstream press.
"the rally failed to hold above the 200-day EMA near $85, so the move still looks like a lower-high rejection off a major average, not a trend reset... the death cross says the path of least resistance is still down."
"All things considered, Solana is holding its 50-day EMA, but the 200-day EMA above and the death cross below still frame this as a bounce inside a downtrend, not a turn."
"But every attempt at recovery is still capped by the 100-day moving average at $79, and the 200-day moving average is still much higher at $90, indicating that the overall trend is still negative."
"Since the May peak, the chart has been dominated by lower highs, as every rally toward the $80 region has been met with fresh selling. The 200-day moving average is still significantly higher at $92, indicating that the overall trend is still negative."
"The 100-day EMA is currently close to $80 and has consistently rejected attempts to rise throughout July. The 200-day EMA at $93 is still sloping downward even higher, highlighting the fact that the longer-term trend has not yet returned to bullish territory."