Solana (SOL) Price Prediction for May 26: Bulls Face $186 Wall as Momentum Stalls Below Fibonacci Ceiling
After a powerful two-week surge from sub-$140 levels, the Solana price today is trading near $179.05, up nearly 30% since the May breakout. However, recent sessions have seen the rally begin to cool as bulls face stiff resistance at the 50% Fibonacci retracement near $184 and short-term exhaustion appears on the charts.
The question now is: Why is the Solana price going down today after such a strong bullish push? Technical charts offer some clear signals that bulls may be losing grip near a key decision zone.
What’s Happening With Solana’s Price?
The Solana price action on the 4-hour chart shows a steep breakout from the wedge structure formed earlier in May, propelling SOL from the $140–$145 accumulation zone toward a high of $187.45. This move aligned with broader altcoin strength and Bitcoin stability above $67,000.
However, since tagging the resistance zone around $186–$188, the Solana price has started forming lower highs on shorter timeframes. A rising wedge breakdown on the 1-hour and 30-minute charts is now placing pressure on support around $176 and $17…
The post Solana (SOL) Price Prediction for May 26: Bulls Face $186 Wall as Momentum Stalls Below Fibonacci Ceiling appeared first on Coin Edition.
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Solana (SOL) Price Prediction for May 26: Bulls Face $186 Wall as Momentum Stalls Below Fibonacci Ceiling
After a powerful two-week surge from sub-$140 levels, the Solana price today is trading near $179.05, up nearly 30% since the May breakout. However, recent sessions have seen the rally begin to cool as bulls face stiff resistance at the 50% Fibonacci retracement near $184 and short-term exhaustion appears on the charts.
The question now is: Why is the Solana price going down today after such a strong bullish push? Technical charts offer some clear signals that bulls may be losing grip near a key decision zone.
What’s Happening With Solana’s Price?
The Solana price action on the 4-hour chart shows a steep breakout from the wedge structure formed earlier in May, propelling SOL from the $140–$145 accumulation zone toward a high of $187.45. This move aligned with broader altcoin strength and Bitcoin stability above $67,000.
However, since tagging the resistance zone around $186–$188, the Solana price has started forming lower highs on shorter timeframes. A rising wedge breakdown on the 1-hour and 30-minute charts is now placing pressure on support around $176 and $17…
The post Solana (SOL) Price Prediction for May 26: Bulls Face $186 Wall as Momentum Stalls Below Fibonacci Ceiling appeared first on Coin Edition.
Read More
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