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Solana price weakens below $90, forming bearish rounded top; key support at $78–$80 may lead to further drop.

Technical Signals
30 Apr 2026
Crypto news
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Bearish
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Solana's price has fallen to around $83 after failing to stay above the $90 mark, with a bearish rounded top pattern forming on the 4-hour chart. This technical setup suggests a potential drop below the $78–$80 support zone, which could push prices down to $75 or even $70. The decline is influenced by weak macroeconomic conditions, reduced decentralized exchange activity, stalled ETF inflows, and a large transfer of 300,000 SOL tokens to exchanges. If Solana breaks below this support, selling pressure may increase, but reclaiming the $88–$90 resistance could stabilize the price.

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