Solana Price Under Pressure as $81 Support and $30 Risk Come into Focus

Solana's price action has been stuck in a tight range on the 4-hour chart, with the next support level sitting at $81.30. According to More Crypto Online, there is still no clear sign of a local low being formed, which means that this support level remains crucial for Solana's price action.

The weekly chart, shared by Justin Bennett, shows a larger rising channel that has guided Solana's price action since 2021. However, the current consolidation range has led analysts to point towards a possible drop towards the lower channel support near $30.