Solana Price Faces Resistance as Momentum Weakens

Solana's price has been holding steady near $95 after gaining approximately 26% in recent days, following regulatory optimism and other network-specific catalysts.

The token rallied above the former $78 resistance level, with validators voting on proposals covering governance, inflation, and transaction fees.

However, momentum is starting to weaken, as indicated by a bearish crossover in the 4-hour MACD line, which fell below its signal line.

A close below the current support near $94.58 could expose the $92.50-$93.25 area, followed by deeper levels such as $88.06 and $83.49.