Solana's price has dropped below $82, reflecting a bearish market sentiment as it struggles to maintain gains. The cryptocurrency failed to stabilize above $85, leading to a fresh decline below $84 and $82 against the US Dollar. Currently, Solana is trading below $82 and the 100-hourly simple moving average, with a recent low at $79.92.
The price movement saw a break below a declining channel with support at $82, indicating potential further losses if the price does not recover. Immediate resistance levels are at $81.10 and $82.20, with major resistance at $82.80. If Solana fails to rise above these levels, it could continue its downward trend, with initial support at $80 and major support at $78.50. A break below $78.50 could push the price towards the $72 support zone.
Solana Price Falls Below $82 Amid Bearish Pressure
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