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Solana's price remains under pressure, failing to reclaim the $86 mark as ETF flows dry up. The cryptocurrency is currently trading below $85, a level that previously acted as short-term support. This shift indicates a potential control by sellers, with momentum indicators such as RSI and MACD suggesting weakening buyer interest.The $86-$88 range now serves as a significant resistance zone, reinforcing bearish sentiment as Solana has repeatedly failed to break through. Additionally, declining social activity and weak ETF demand contribute to the lack of upward momentum, pointing towards a period of extended consolidation rather than a swift recovery.Solana is currently trading within a descending channel, fluctuating between $84 and $86. A close above $86.3 could signal a shift towards the mid-$90s, while a break below $80 might lead to a decline towards the mid-$70s. For now, the market is likely to see sideways movement between $81 and $87 until a decisive breakout occurs.

SOL+0.52%

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