Solana's price has been on a downward trend, failing to settle above $86 and correcting most of its gains. The cryptocurrency is currently trading above $82, with some analysts suggesting it may attempt another increase if bulls defend $83 or $82.50.
According to technical indicators, the hourly MACD for SOL/USD is gaining pace in the bullish zone, while the RSI (Relative Strength Index) is above the 50 level. However, a break below $83 could lead to further declines towards the $80 support zone.