Solana Price Stuck Below Resistance as Hype Crypto Continues Downward Spiral

The Solana price continues to struggle below its key resistance level of $87.15, leaving traders uncertain about what comes next.

Despite recent upgrades and institutional activity, such as Morgan Stanley's launch of a spot product on NYSE Arca, short-term indicators show mixed signals.

The Solana price is currently trading near $73.69 with small daily gains, expected to stay between $71.43 and $74.85 in the near term.

In contrast, the Hype crypto price has been declining since reaching a high of $76.80 in June, testing support around $54.37 and potentially falling further toward $50.23 due to large holders selling their positions.