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Solana drops over 6% after failing to break key resistance amid Fed-driven risk-off mood.

Technical Signals
18 Jun 2026
Crypto news
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Bearish
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Solana's price fell more than 6% after failing to reclaim the $75–$76 resistance zone, influenced by a hawkish Federal Reserve outlook that pushed traders toward safer assets. The decline followed a recent rally from $62 to $75.60 but was met with strong selling pressure, especially as liquidation clusters formed between $74 and $76. Support is near $65–$66, with a break below $70 risking a drop to June lows around $62 and possibly $60. Technical indicators and reduced network activity suggest bearish momentum may continue unless Solana breaks above $74–$76 resistance.

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