Solana Price Volatility: Bears Still Dominate but Relief Rally Possible

Solana's price has been under pressure due to the current crypto market conditions. With Bitcoin dominance above 56% and an extreme fear sentiment reading, risk appetite for altcoins like Solana is low.

However, despite the bearish long-term trend, momentum is fading, and a relief rally may be on the horizon. Short-term buyers are testing the floor, trying to build a base and potentially lead to a more durable recovery.