Solana Price Faces Downside Risks as Liquidation Clusters Build Near $84

The Solana price has been declining due to various factors, including a bearish double top formation and broader weakness in the crypto market. According to analysts, a break below the $80 support level could expose SOL to the $75-$76 zone, which aligns with the lower boundary of Solana's multi-month consolidation range.

The 50-day moving average near $86.5 is still above short-term price action, indicating that sellers control the near-term trend. The descending resistance trendline from March highs remains intact, confirming a weakening recovery structure on the daily chart.