Solana Price Action Fails to Break Through Key Resistance Zone

Solana's price action has been stagnant over the past few months, with the cryptocurrency struggling to make significant gains above the $86-$88 resistance zone.

The daily chart shows a clear rejection from this upper resistance area, indicating that sellers are still in control. This rejection has led to a weakening of Solana's price, causing it to dip below key support levels.

A breakdown of the triangle pattern on the 1-hour chart suggests that Solana may target the $77 level if sellers continue to maintain control. However, this would require the cryptocurrency to trade below the broken trendline and fail to recover above the support area.