Solana Price Action Hinges on Key Support Levels

Solana's price action is being closely monitored by market analysts as it hovers near key support levels.

The SOLUSD daily chart shows a bear flag and triple top formation, which could indicate downside risk if support fails.

However, the network has shown resilience in recent days, with Solana leading all major blockchains in terms of fees collected over the past 24 hours, according to Artemis data.