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Solana price struggles near $82 amid heavy selling, key resistance at $95 must break for recovery

Technical Signals
24 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Solana (SOL) is trading around $82, down about 70% from its peak near $295, reflecting weak market demand and significant selling pressure. The critical resistance level at $95 must be surpassed on the weekly chart to trigger a potential relief rally, while support currently holds between $78 and $83. Analysts warn that breaking below this support could lead to a further drop toward $60, with the 50-week EMA near $124 acting as a major barrier for any strong recovery. Increased trading volume despite price decline signals active selling, and the market remains cautious about SOL's near-term direction.

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