Solana price has fallen nearly 4% to about $74 after a rejection near $77, as a global technology sell-off and leveraged long liquidations have pushed traders toward caution.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to data from crypto.news, Solana (SOL<\/a>) price extended its decline on July 17 after failing to hold above the $76.50\u2013$77 resistance area. Selling accelerated as semiconductor shares led losses across global markets, with Nasdaq 100 futures down 1.8%, Japan\u2019s Nikkei 225 off 4%, and Taiwan\u2019s benchmark plunging more than 6%.<\/p>\n The drop can partly be attributed to the rout due to doubts over stretched artificial intelligence valuations<\/a> and leveraged retail positions.<\/p>\n Strong U.S. data added pressure on speculative assets. Initial unemployment claims fell to 208,000 from 216,000, while June retail sales rose 0.2%. The 10-year Treasury yield climbed toward 4.60%, and the dollar strengthened, raising the cost of holding high-beta assets such as Solana.<\/p>\n Institutional demand has provided only limited relief. U.S. spot Solana exchange-traded funds attracted $8.36 million on July 6, their strongest daily intake in almost two months, per data<\/a> from SoSoValue. However, the inflow was not enough to prevent SOL from retreating from its early-July high near $83.<\/p>\n <\/p>\n On the 4-hour chart, SOL trades near $74.87 and has reached the lower Bollinger Band at $74.33. The middle band at $76.51 now serves as immediate resistance, while the upper band sits at $78.69. A 4-hour close above the midpoint would give buyers another chance to test the $78\u2013$80 region.<\/p>\n Momentum remains weak but is approaching levels where relief rallies can develop. The 4-hour relative strength index has dropped to 36.58, below its signal average of 45.48 but still above the oversold threshold of 30. Price has also formed a sequence of lower highs since its July 4 peak near $83.<\/p>\n According<\/a> to crypto analyst SatoshiOwl, SOL has reached a support area after breaking beneath an ascending trendline.<\/p>\n \u201cHold here and we could see a relief bounce back toward $78\u2013$80. Lose it, and a deeper flush becomes much more likely.\u201d<\/p>\n<\/blockquote>\n Ali Charts offered a longer-term counterpoint, noting that the TD Sequential indicator has produced a buy setup on Solana\u2019s monthly chart. The analyst described it as a potential early warning of a macro trend change, although the monthly setup requires confirmation from shorter time frames.<\/p>\n The daily chart remains constructive above the Supertrend support at $69.62. Chaikin Money Flow stands at 0.03, which shows that capital flow is still marginally positive despite the latest sell-off. SOL must first recover the former horizontal support at $76.64 before the daily structure can improve.<\/p>\n CoinGlass\u2019 three-day liquidation heatmap places the nearest large pools of leveraged positions above the market. Dense clusters sit near $76.50\u2013$76.70, $78, and $78.70, making those levels possible price magnets if SOL rebounds. A move through $76.70 could liquidate short positions and accelerate a recovery toward $78.<\/p>\n Downside risk will rise if SOL closes decisively below the $74\u2013$74.30 area. The heatmap shows less concentrated liquidity immediately beneath the current price, leaving room for a quicker decline toward $72 before the daily Supertrend level near $69.62 comes into play.<\/p>\n A loss of $69.62 would invalidate the remaining bullish daily setup and expose the June recovery base between $64 and $66. Macroeconomic pressure could deepen that move if Treasury yields continue higher, technology shares extend their decline, or renewed U.S.-Iran tensions lift oil prices and reduce demand for risk assets.<\/p>\n For now, SOL remains caught between weak four-hour momentum and positive daily capital flow. Bulls need $76.50 back to target the liquidity stacked near $78\u2013$80, while a failure to protect $74 would place the $69.60 trend support at risk.<\/p>\n\n
Solana price can rebound if bulls reclaim $76.50<\/h2>\n
![\"Solana](\"https:\/\/media.crypto.news\/2026\/07\/SOLUSDT_2026-07-17_17-29-11.webp\")
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![\"Solana](\"https:\/\/media.crypto.news\/2026\/07\/SOLUSDT_2026-07-17_17-31-06.webp\")
A break below $74 would expose the $69.60 support zone<\/h2>\n
![\"Solana](\"https:\/\/media.crypto.news\/2026\/07\/SOL-Liquidation-Heatmap3-day-2026-07-17_17_28_39.webp\")