Solana Price Stuck in Range, Bulls Battle to Hold Key Support Level

Solana's price has been stuck in a tight range, with the cryptocurrency trading between $89 and $90 over the past few days. Bulls are working to hold this key support level, which could lead to a 30% gain if they succeed.

However, on-chain data shows weaker network activity, with total Solana transactions dropping 20% from a recent peak. This could indicate that investors are becoming more cautious and may be preparing for a pullback.