Solana Price Faces Further Decline as Technical Pressure Mounts

Solana's price has been declining, dropping nearly 5% in the last week to around $74. The market is now looking at whether institutional buying can offset mounting technical pressure.

Key technical indicators show oversold momentum and persistent bearish pressure, limiting any immediate recovery prospects for Solana.

The price action is likely to consolidate between $71.07 and $82.36, with a high probability of further decline unless resistance at $74.51 is reclaimed.