Solana Price Hits Resistance, Bearish Trend Continues

The Solana price has been experiencing a downturn, unable to break through key resistance levels above $86.0-$86.5. This comes as the broader market remains defensive, with Bitcoin dominance near 58% putting pressure on altcoin rallies.

According to technical analysis, the daily trend is bearish, with the price sitting below the 20/50-day EMAs and a crowded resistance pocket above $86.0-$86.5.