Solana Price Tests Support Near $95 Amid Broader Crypto Decline

Solana's price is currently testing the lower edge of its descending daily channel near $95, according to recent data. The area is supported by both the channel boundary and a 38.2% Fibonacci retracement level at approximately $95.

The price movement coincided with the Senate's failure to advance the Digital Asset Market CLARITY Act, which contributed to a broader decline across crypto markets.

Despite the current price holding near support, momentum has not yet confirmed a recovery. The relative strength index remains inside its own descending structure, indicating continued weakness.