Solana Price Drops 5% as Altcoin Market Takes Bearish Turn

Solana's price has taken a hit, dropping by over 5% to hover around $77. The altcoin market is experiencing a bearish trend, with Solana being no exception.

The four-hour trading window shows a negative trend, with the price potentially falling towards the $76 support range. A correction on the downside could trigger the death cross, pushing the price down to test the $74 zone.

However, if there's a bullish reversal in momentum, Solana's price might jump and challenge the immediate resistance level at $78. The golden cross taking place with bulls gaining more traction could see the asset's price climb higher above $80.