Solana Price Slips Below $75 Amid Market Pressure

Solana's price dropped below $75 due to market pressure, but institutional interest remains strong. The cryptocurrency's total market cap has fallen to $2.17 trillion, with Solana's own price decreasing by 1.16% to around $74.88.

Despite this decline, Solana ETFs saw significant net inflows of $8.8 million, indicating renewed institutional interest in the asset. This could provide a boost for Solana's price in the near future.

Key support levels at $74 may help SOL rebound to $75 and challenge resistance at $77 and $80. A sustained rise above $80 might target $90 and eventually $100, but technical indicators show cautious short-term selling pressure.