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<p>Solana price has remained below the $80 psychological barrier after renewed macro pressure and weakening risk appetite pushed buyers into a wait-and-see mode despite an emerging bullish chart pattern.</p>
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 <div class="cn-block-summary__nav tabs"><span>Summary</span>
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   <li>Solana price remains below $80 as a falling wedge keeps the possibility of a bullish breakout intact.</li>
   <li>Liquidation clusters near $80-$81 could accelerate gains if buyers reclaim the psychological resistance.</li>
   <li>Macro headwinds and weak institutional flows continue to threaten the bullish setup despite resilient on-chain activity.</li>
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<p>According to data from crypto.news, Solana (<a href="https://crypto.news/price/solana/" rel="noopener noreferrer nofollow">SOL</a>) price traded near $76.3 on July 13 after slipping almost 1% over the previous 24 hours. The token has spent the past several sessions consolidating as rising U.S. Treasury yields and persistent expectations that interest rates could stay higher for longer continued to pressure high-beta crypto assets.</p>
<p>Bitcoin held close to $64,000 during the same period, but institutional demand remained concentrated in larger-cap assets, limiting Solana’s ability to reclaim the $80 level.</p>
<p>Network activity has nevertheless remained resilient. Active addresses have stayed near yearly highs while transaction throughput continues to benefit from <a href="https://crypto.news/what-are-the-trenches-solana-memecoin-culture-slang/" rel="noopener noreferrer nofollow">speculative meme coin trading</a> and recent <a href="https://crypto.news/solana-upgrade-raises-block-capacity-by-20-improves-developer-tools/" rel="noopener noreferrer nofollow">network upgrades</a>. Yet those on-chain gains have not translated into sustained price appreciation as capital has largely circulated within the ecosystem instead of attracting fresh external inflows.</p>
<p>You might also like: <a href="https://crypto.news/ethereum-price-slip-under-1800-but-charts-point-higher/" rel="noopener noreferrer nofollow"> Ethereum price slips under $1,800 but charts still point to $2,140 target </a></p>
<p>Combined with softer institutional appetite following a difficult second quarter for digital asset investment products, the imbalance has left SOL struggling to establish a fresh uptrend.</p>
<p><a href="https://x.com/eliz883/status/2076326090390294869" rel="noopener noreferrer nofollow">Commenting</a> on the latest price structure, analyst Eliz argued that the recent pullback should not necessarily be viewed as bearish.</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>“$SOL is showing an orderly bearish consolidation following the rally. This type of price action is often a positive sign: the market is shaking off excesses without compromising the bullish structure.”</p>
</blockquote>
<p>The analyst added that, “As long as the outlook remains unchanged, I continue to expect the upward trend to continue.”</p>
<h2 class="wp-block-heading" id="falling-wedge-keeps-breakout-hopes-alive-despite-weakening-momentum">Falling wedge keeps breakout hopes alive despite weakening momentum</h2>
<p>The 4-hour chart shows Solana carving out a falling wedge after rejecting the early July high above $83. The pattern has compressed price action between descending trendlines, with support holding near the Fibonacci 100% retracement around $75.4 while resistance has gradually fallen toward $78.5.</p>
<figure class="wp-block-image size-full"><img width="1827" height="954" src="https://media.crypto.news/2026/07/SOLUSDT_2026-07-13_15-43-10.webp" alt="4-hour SOL/USDT chart showing a falling wedge below $80, with price testing support around $75.5 as RSI stays below 40 and MACD remains slightly bearish.">
 <figcaption>
  Solana price has formed a falling wedge pattern on the 4-hour chart — July 13 | Source: <a href="https://crypto.news/price/solana/" rel="noopener noreferrer nofollow">crypto.news</a>
 </figcaption>
</figure>
<p>A decisive move above the upper boundary would expose the 61.8% Fibonacci level near $78.6, followed by $79.6, before bringing the key $80 psychological barrier back into focus. A successful breakout could then open the path toward $81.8 and the recent swing high near $83.7.</p>
<p>Momentum indicators, however, remain mixed. The 4-hour RSI sits just below the neutral 50 level at around 40, leaving buyers without clear momentum. Meanwhile, the MACD remains below its signal line with only a modest improvement in histogram bars, suggesting bearish momentum has slowed but has not yet reversed.</p>
<p>The daily chart presents a similar picture. SOL continues to trade above the major Murrey Math support level at $75 while Chaikin Money Flow has recovered into positive territory near 0.10, showing that capital has continued to enter the asset despite the recent consolidation.</p>
<figure class="wp-block-image size-full"><img width="1827" height="954" src="https://media.crypto.news/2026/07/SOLUSDT_2026-07-13_15-43-58.webp" alt="Daily SOL/USDT chart showing Solana trading near $76 after pulling back from July highs, holding above the $75 Murrey Math support with positive CMF while facing resistance near the $80-$81 zone.">
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  Solana daily price chart — July 13 | Source: <a href="https://crypto.news/price/solana/" rel="noopener noreferrer nofollow">crypto.news</a>
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<p>Still, the market has repeatedly rejected advances toward the 5/8 Murrey resistance near $81.25, reinforcing the importance of the $80-$81 region.</p>
<p>Derivatives positioning also identifies nearby trigger zones. CoinGlass liquidation data shows one of the largest short liquidation clusters sitting around $79.5-$80, with another concentration extending above $81.</p>
<figure class="wp-block-image size-full"><img width="4080" height="2409" src="https://media.crypto.news/2026/07/SOL-Liquidation-Heatmap1-week-2026-07-13_15_36_14.webp" alt="CoinGlass one-week Solana liquidation heatmap highlighting dense short liquidation clusters around $79.5-$81 and major long liquidation liquidity near the $75 support zone.">
 <figcaption>
  Solana liquidation heatmap | Source: <a href="https://www.coinglass.com/pro/futures/LiquidationHeatMap?coin=SOL&amp;type=symbol" rel="noopener noreferrer nofollow">CoinGlass</a>
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</figure>
<p>A strong breakout through those levels could force leveraged short positions to close, adding fuel to an upside move. On the downside, notable long liquidation pockets have accumulated around $75 and just below $74.5, making those areas important support if selling pressure intensifies.</p>
<h2 class="wp-block-heading" id="macro-headwinds-continue-to-threaten-the-bullish-setup">Macro headwinds continue to threaten the bullish setup</h2>
<p>Any bullish breakout remains dependent on improving macro conditions. Rising Treasury yields have increased the opportunity cost of holding non-yielding assets, prompting institutions to reduce exposure to more volatile layer-1 tokens such as Solana. Upcoming U.S. inflation data and Federal Reserve policy expectations are therefore likely to remain major catalysts for the crypto market over the coming weeks.</p>
<p>The bullish wedge thesis would weaken if SOL closes decisively below the $75 support zone, as that would invalidate the current pattern and expose the Murrey support near $68.75. A deeper correction could then bring the $62.5 pivot region back into play.</p>
<p>Conversely, sustained buying above $80 would break both the falling wedge and a multi-session resistance zone, increasing the probability of a move toward $83-$84 where the next significant supply cluster awaits.</p>
<p>Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.</p>
<p>Read more: <a href="https://crypto.news/metaplanet-completes-siiibo-deal-and-launches-securities-subsidiary/" rel="noopener noreferrer nofollow"> Metaplanet completes Siiibo deal and launches securities subsidiary </a></p>

Solana price forms a falling wedge, can it break past $80 psychological resistance?

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