Crypto Express

06/19 02:32

SOL struggles despite ETF momentum

Despite growing optimism around the Solana ETF, SOL’s price action remained under pressure. At press time, SOL traded at $147.26, down 0.24% on the day.

The RSI was near 42, showed weakened momentum while close to oversold territory. Meanwhile, the MACD indicator showed a bearish crossover, with the signal line positioned above the MACD line, confirming downward pressure.

While ETF news may be bullish long-term, short-term price recovery could face resistance unless broader buying demand returns.

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