Solana's price outlook appears fragile, with analysts suggesting a potential downside setup. Currently trading at $85.94, Solana (SOL) has seen a 0.8% decline over the past 24 hours, fluctuating between $85.23 and $88.54. The recent price action indicates a lack of strong momentum, as SOL failed to maintain gains after a rally, suggesting significant overhead supply. Technical indicators show Solana remains in a defensive position, with the Supertrend indicator at $93.76 still signaling a bearish trend. Despite some stabilization in the low-to-mid $80 range, the market structure suggests a pause beneath resistance rather than a breakout. The Relative Strength Index (RSI) at 47.01 indicates improved momentum from oversold conditions, but not enough to confirm a bullish trend. Analysts from More Crypto Online highlight a potential bearish 1-2 Elliott Wave structure, with resistance between $86.45 and $87.95. If this pattern holds, Solana could face a fresh decline, targeting support in the $79 to $74 range.