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Solana price risks deeper drop below $80 amid bearish patterns and weakening institutional demand.

Technical Signals
19 May 2026
Crypto news
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Bearish
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Solana's price failed to break above the $98 resistance and is showing multiple bearish signals, including a bearish flag and double top patterns, suggesting a potential drop below the $80 support level. Momentum indicators like MACD and RSI are weakening, while institutional interest is declining, with ETF inflows slowing and futures open interest falling. This technical and fundamental weakness raises the risk of a deeper correction toward $78 or even $70. However, a sustained breakout above $98 could revive bullish momentum if accompanied by stronger inflows and improved trader sentiment.

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