Solana Tests Buyers’ Patience at $100: Will SOL Price Break Down?

The crypto market has been under heavy selling pressure over the past few days, with Bitcoin sliding toward the $75,000 level. Market sentiment has worsened sharply, as the Crypto Fear & Greed Index fell deeper into “extreme fear,” dropping to 14. At the same time, the total crypto market capitalization has plunged to $2.54 trillion, with over $500 billion erased in just a few days. As a result, altcoins are taking a hard hit, and Solana is now testing the key psychological support level around $100. Traders are closely watching to see whether SOL could break below this level next.

Solana Funding Rate

SOL/USDT Chart

If SOL closes below $100, the SOL/USDT pair could slide toward the $95 support level. Buyers are likely to defend this zone aggressively, as a break below $95 could open the door for a deeper drop toward $80.

For bulls to regain control, the price would need to climb back above the moving averages. That would indicate the dip below $117 may have been a false breakdown, potentially setting the stage for a move back toward the $150 resistance.

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