Solana price slipped below the psychological $100 level as broader crypto selling, a bearish 4-hour Supertrend signal, and nearby liquidation clusters increased the risk of another leg lower.
Summary
- Solana price traded near $99.30 after failing to hold the $100 support level.
- 4-hour Supertrend resistance stands at $103.91, while ADX has risen to 25.70.
- Daily RSI fell to 54.34, showing that bullish momentum has weakened without reaching oversold conditions.
- Liquidation liquidity is concentrated near $98.20 and $100.80, creating targets on both sides of the price.
Solana price falls below $100
According to data from crypto.news, Solana (SOL) price traded near $99.30 at the time of writing, extending its pullback after sellers rejected the token from the $104–$105 area. SOL was down roughly 1.5% over 24 hours, while weakness across the wider crypto market limited demand for higher-risk altcoins.
The daily chart shows that SOL recently climbed from around $75 to a late-August peak near $110. Buyers failed to sustain that advance, however, and the price has since formed lower highs around $107 and $105.
Selling pressure returned after the latest recovery attempt stalled above $104. SOL then moved below the Murray Math resistance line at $100, leaving the former breakout level under pressure.
The daily candle shown on the chart opened at $98.67, reached $100.29, and fell as low as $98.60 before trading near $99.37.
4-hour indicators favor Solana sellers
SOL’s 4-hour chart carries a bearish Supertrend reading, with the indicator positioned at $103.91. Price would need to recover above that level to weaken the current sell signal and improve the short-term structure.
The Average Directional Index, or ADX, has risen to 25.70. ADX does not show whether a trend is bullish or bearish, but a reading above 25 generally indicates that the active move is gaining strength. With SOL trading below its Supertrend line, the increase supports the case for stronger short-term selling pressure.
The chart also shows $100.71 as an intermediate Supertrend level. A recovery above $100 would therefore leave bulls facing additional resistance near $100.70 and then $103.91.
Daily momentum remains more balanced. SOL’s relative strength index stands at 54.34, down from its moving average reading of 63.78. The RSI remains above the neutral 50 mark, but its decline shows that momentum has cooled since SOL reached the $106–$110 region.
A move below 50 would strengthen the bearish case. An RSI rebound accompanied by a daily close above $100 could instead indicate that buyers are regaining control.
SOL liquidation clusters frame the next move
CoinGlass’ 24-hour liquidation heatmap shows the strongest nearby liquidity below the market around $98.20–$98.50. A further decline could pull SOL toward that area as leveraged long positions face forced closures.
Additional downside liquidity appears near $97.70–$98 and around $96. The concentration makes $98 the most immediate level to monitor if sellers maintain control below $100.
The heatmap also shows a large liquidation band above the price around $100.70–$100.90. A recovery through $100 could trigger short liquidations and help SOL move toward the next liquidity pockets around $101.80–$102 and $103–$104.
Liquidity on both sides leaves SOL vulnerable to sharp intraday swings. The closer downside cluster gives sellers a near-term advantage, although a rapid return above $100.80 could shift the immediate pressure toward short positions.
Solana support and resistance levels to watch
The daily Murray Math chart places $100 at the main resistance boundary. A confirmed recovery above it would expose $106.25, where the chart marks an overbought extension and where SOL recently encountered selling.
Further upside targets sit at $112.50 and $118.75, but buyers would first need to clear the recent swing-high region between $106 and $110. A daily close above $106.25 would provide stronger evidence that the correction has ended.
Crypto analyst Ella identified $104.50–$105.50 as a resistance zone after SOL opened at $103.37 on Coinbase and reached $105.17. She said daily acceptance above $105.50 would be needed before treating $107.50–$110 as the next structural target.
Ella previously placed first support at $101.50–$102.50 and warned that a daily close below $101.50 would return attention to $99–$100. SOL’s subsequent decline has brought that bearish scenario into focus.
Below the nearby liquidation band, the next major chart support stands at $93.75. A close beneath that level could expose $87.50, while a recovery above $103.91 would invalidate the immediate 4-hour Supertrend signal.
US macro pressure weighs on SOL
Solana’s decline coincided with broader market caution after Bitcoin fell below $77,000. Sticky US inflation readings have also reduced demand for speculative assets as traders reassess the Federal Reserve’s next interest-rate decision.
Higher interest-rate expectations can pressure cryptocurrencies because US Treasury securities offer investors yield with lower volatility. Altcoins such as SOL often record larger percentage moves when traders reduce exposure across the digital asset market.
The technical outlook now depends on whether buyers can reclaim $100 and clear the liquidation cluster near $100.80. Failure to do so would keep $98.20 and $93.75 in view, while a break above $103.91 could reopen the path toward $106.25.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.