Solana Price Fluctuates Amid Ongoing Bearish Trend

Solana's price has been experiencing volatility in recent sessions, with fluctuations between $84 and $88 on February 27. The cryptocurrency's daily move was about -1.9%, but despite short-term recovery attempts, it remains down about 30-36% over the past month and year. This trend keeps the broader market biased lower.

Analysts have identified major weekly support levels near $50, indicating potential downside risk for Solana's price. These levels align with prior consolidation and accumulation zones. In an extreme downside scenario, other support levels are noted at $22 and $10.