Solana is currently trading below the $80 psychological level, hovering precariously at local support. The market structure here is pivotal.
The Technical Setup:
We are watching the $76–$78 zone closely. If bears push $SOL through this liquidity floor, there is very little support preventing a deeper correction toward $60–$70.
The Macro Conflict:
While price action looks heavy, institutional signals are flashing green. Morgan Stanley is moving to secure a national trust charter for crypto custody, trading, and staking. This represents serious Wall Street infrastructure entering the ecosystem.
Verdict: Short-term structure is bearish if $76 fails, but the long-term institutional thesis remains stronger than ever. Manage your risk accordingly.
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