Solana (SOL) faces direct downward pressure. Its 4-hour chart shows a death cross, with the 20-day moving average falling below the 50-day moving average. The price is testing the support zone at $78. If it breaks below the $77 bottom, it could accelerate downward to $67-$70. The RSI indicator is at 39.92, and the MACD indicator is converging, all reinforcing the downward trend. Although SoFi's new institutional banking platform may boost on-chain activity, the current 11% weekly decline and the significant attack on Drift Protocol (estimated loss of $200 million to $270 million) overshadow this positive factor. Key levels to watch are the critical support at $76.30 and resistance around $81.86.

SOL-1.3%
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