Solana Struggles Below $95 as Bitcoin Faces Bearish Pressure

Buyers attempted to push Solana above the $95 resistance on Wednesday, but the bears held firm. The SOL price has dropped below the 50-day SMA ($82), signaling that bulls have lost momentum. The SOL/USDT pair is likely to remain within the $76 to $95 range until a decisive breakout occurs. A move above $95 could target $117, while a drop below $76 may push SOL toward $67.

Bitcoin Bears Cap Upside

Bitcoin (BTC) remains under pressure, with bears attempting to sustain the price below $66,000. Uncertainty surrounding the US and Israel-Iran conflict is limiting upside potential. US spot Bitcoin ETFs See $296M Outflows, marking the largest since March 3.

Indicators Suggest Late-Stage Bear Market

Despite selling on rallies, bulls have defended the $60,000 level since February 6. Glassnode reports that BTC’s entity-adjusted realized profit has sharply contracted from $3 billion per day in July 2025 to $0.1 billion, indicating the bear market may be entering its later stages.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.