Solana Price Remains Under Pressure Despite Improving Technical Outlook

Solana's price remains below major moving averages, keeping the long-term trend under pressure. The token is currently trading near $73.39 on the weekly chart, far below its previous highs.

Despite this weakness, technical indicators show that selling pressure has slowed, and the market is becoming stronger. The Relative Strength Index (RSI) has recovered from oversold conditions and now shows improving momentum at around 38, which is above the median neutral level of 50.

Several key price levels will shape Solana's next move, including resistance near $80, where the 20-week moving average sits. A breakout above this level could strengthen the recovery outlook toward higher resistance levels.

Network growth continues despite the token's current weakness, with the number of active wallets remaining stable. This stability, combined with network upgrades and healthy ecosystem activity, could support Solana's price in 2026.