Solana Price Weakens Amid Bearish Pattern and Market Volatility

Solana's price has been trending downwards due to a bearish pattern forming below $90. This pattern is characterized by a rounded top formation on the 4-hour chart, indicating weakening bullish momentum.

Key support for Solana lies between $78 and $80, an area that has provided consistent support throughout April. However, if this level breaks, it could trigger accelerated selling and further downside towards $75 and possibly extend losses to $70.

The broader market is also having a limiting effect on Solana's price action, with Bitcoin trading below critical resistance levels. This environment has reduced upside across major altcoins, including Solana, due to subdued risk appetite.