Solana price fell sharply in today’s session, sliding close to 7% and breaking below the $100 mark, a level that had acted as short-term psychological support. The move marks a clear technical breakdown, with price slipping out of its recent consolidation range as sellers maintained control throughout the session. The decline unfolded without a liquidation shock or ETF disruption, pointing instead to a demand-driven selloff. Spot market weakness, fading on-chain activity, and thinning liquidity combined to push SOL
As long as price remains capped below $100–$102, upside attempts are likely to be corrective in nature, with sellers defending that zone aggressively. In this context, the $90–$92 area becomes the immediate level to watch, as it aligns with prior demand absorption and multiple historical reactions. A clean daily close below $88 would invalidate the current range and open downside risk toward $78–$80, where the next high-timeframe demand zone emerges. On the flip side, stabilization above $90 followed by a reclaim of $100 would signal that today’s sell-off was a liquidity sweep rather than a trend shift, allowing for a recovery move back toward $108–$110 though still within range, not a breakout. SOL may test support near $90–$92, with a potential drop to $88–$80 if selling pressure continues below $100. A rebound above $100–$102 could trigger corrective buying, pushing SOL toward $108–$110 within the current trading range. SOL remains in range-bound consolidation; a trend reversal requires strong selling below $88 or recovery above $102. Yes, SOL can see short-term rallies even if TVL is stable, but sustained upside depends on renewed liquidity and active market flows.FAQs
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