Solana Price Hovers Around $82 as Crypto Market Remains Risk-Off

Solana's price has been stuck in a narrow range between $80 and $82 for some time now, with the cryptocurrency trading around $82.3. The overall market sentiment remains risk-off, with fear and uncertainty dominating the crypto landscape.

From a technical perspective, Solana is still in a bearish regime on the daily chart, but there are signs of a potential bounce on shorter timeframes. However, the recent hack of DeFi platform Drift and declining volumes add to the overall caution and uncertainty around the cryptocurrency's price action.