Solana Price at Crossroads: Break Higher or Slip Into Downtrend

Solana's current price hovers around $68 after trading at a bottom of $64.42 and reaching a high of $70.73.

The asset's market cap remains steady at $39.91 billion, with an increased daily trading volume of over 31.35% to reach $4.41 billion.

However, the bears in the crypto market have pushed sentiment into the extreme fear zone, causing major digital assets to lose momentum.

The technical analysis suggests that Solana's price could further fall towards the $68.14 support range, potentially triggering a death cross and pushing the asset's price below $67.23.