Solana ($SOL ) is currently trading around $88–$89, showing bearish momentum amid continued market pressure. Technically, the daily RSI is near 30.6, indicating weak momentum and a possible oversold recovery. Immediate support is located at $84.42, followed by $81.61 and $76.06, while resistance stands at $89.20, $91.47 and $98.32. Fundamentally, concerns surrounding regulatory developments in China and declining stablecoin liquidity on the Solana network are weighing on market sentiment. A sustained move above $89.20 could improve the short-term outlook, while a breakdown below $84.42 may increase downside pressure. Overall, SOL remains bearish until stronger buying momentum confirms a recovery.
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