Solana (SOLUSD) pulled back in recent intraday trading as the cryptocurrency remained under the control of a short-term bearish trend, with price action continuing to follow a descending trendline that reinforces the prevailing downside bias. Momentum indicators have also begun generating fresh bearish signals after reaching extremely overbought territory, adding to the negative pressure surrounding the price. However, Solana continues to trade above its 50-period Simple Moving Average (SMA), which is acting as dynamic support and has helped the price remain resilient despite the prevailing bearish pressures.

Therefore, our outlook leans bearish for the cryptocurrency's upcoming intraday trading sessions, as long as resistance at $74.00 remains intact. Under this scenario, the price is expected to target the key support level at $71.00.

Today's price forecast: Neutral.