Solana price falls below $75 as traders favor ETH

Solana price fell about 5% from its July 27 high near $77 to $73 on July 28 as a break below short-term support triggered long liquidations. Summary SOL price dropped from roughly $77 to $73 after failing to sustain its latest recovery. Price has fallen below the $75 major pivot and remains inside a descending channel. The 4-hour RSI has declined to 35.57, showing weakening momentum without reaching oversold territory. Liquidation clusters near $72.50 and $74 could increase volatility around the current price. Solana price drops back toward $73 According to data from crypto.news, Solana (SOL) price traded near $73.20 at the time of writing after falling from an intraday high around $77 during the previous session. The move represented a decline of about 5% from peak to trough. The pullback followed SOL’s latest rejection from the upper half of a descending channel visible on the 4-hour chart. Buyers pushed the token toward $77 on July 27 but failed to challenge the channel’s upper boundary or the wider $78 resistance area. Selling accelerated after SOL lost the $75 level, which had supported several earlier intraday rebounds. The token subsequently fell toward $73 before entering a...