Solana price reclaims $100 as momentum turns bullish

Solana price rose back above $100 after buyers defended the $95–$96 support zone, but technical resistance and concentrated liquidation levels near $102 could determine whether the rebound develops into a wider recovery.

Solana price rebounds from $96 support

Solana ($SOL) price traded near $100.50 after recovering from a 24-hour low of $96.23, according to the daily chart. The rebound followed a sharp sell-off linked to the US Senate’s failed procedural vote on the CLARITY Act and the Federal Reserve’s 25-basis-point rate increase.

The daily chart shows that $SOL briefly moved below $100 before buyers entered around the $95–$96 area. The recovery carried the price back to the Murrey Math major support and resistance pivot at $100.

Holding that pivot would improve the short-term structure following the decline from the late-August peak near $110. However, the asset has not yet cleared the lower highs formed during September, leaving its broader recovery incomplete.

Crypto analyst Ella identified $95–$96 as the level Solana needed to defend. She said $SOL fell to $96.13 around the Fed decision before bouncing to $98.72 and outperforming Bitcoin and Ethereum during the initial recovery.

“Get back above it and yesterday’s damage starts to look repairable,” Ella wrote, referring to the $100 level.

The analyst warned that another loss of $96 could cause the rebound to fade quickly. $SOL’s recovery above $100 therefore needs confirmation through sustained closes rather than a brief intraday move.

Momentum improves, but Supertrend remains bearish

The daily Aroon indicator favors buyers after the rebound. Aroon Up stood at 85.71%, compared with an Aroon Down reading of 21.43%. The gap suggests that a recent high carries more weight than the latest low within the indicator’s 14-day lookback period.

$SOL must continue holding $100 for that momentum signal to remain constructive. The next daily resistance appears at $106.25, marked as the top of the current Murrey Math trading range.

A daily close above $106.25 would strengthen the case for a return toward $110 and the next major pivot at $112.50. Higher resistance sits at $118.75 and $125, although $SOL would first need to break its September sequence of lower highs.

The 4-hour chart remains less supportive. $SOL traded below the Supertrend level of approximately $102.80, keeping the indicator’s short-term signal bearish. Price must reclaim that level before buyers can argue that the latest correction has ended.

The Awesome Oscillator also remained slightly below zero at about -0.76. Its negative bars were contracting, however, suggesting that bearish momentum was losing strength as $SOL recovered from $96.

A move above the zero line would confirm improving 4-hour momentum. Failure to do so could leave the latest advance vulnerable to another rejection between $101 and $103.

$SOL liquidation map puts $102 in focus

The three-day CoinGlass liquidation heatmap shows a dense concentration of leveraged positions immediately above the current price. The brightest nearby bands sit around $101.30 and $101.80–$102, making that zone a potential target during an upward move.

A push into those levels could liquidate short positions and help $SOL test the 4-hour Supertrend resistance at $102.80. Additional liquidity appears around $105 and $105.70, close to the upper end of the $101–$106 resistance region visible on the price charts.

Liquidity also remains below the market. The clearest downside concentrations appear near $99, $96, and $95.50. Losing $99 could therefore pull the price back toward the defended $95–$96 zone as leveraged long positions come under pressure.

The heatmap does not establish price direction on its own. It instead identifies areas where forced position closures could add speed to an existing move. With sizable liquidity on both sides, a break from the $96–$103 range may produce a sharper move than the recent consolidation suggests.

Solana bulls face resistance between $102 and $106

The immediate bullish case depends on $SOL holding the $100 pivot and breaking $102.80. Clearing the 4-hour Supertrend could open a move toward $105 and the daily resistance at $106.25.

Rand Group said Solana continued to defend horizontal support while pressing against a local downtrend. Its shared chart showed the asset compressing beneath descending resistance after recovering from its midyear lows, a structure the firm described as a possible breakout setup.

DeFi Development Corp.’s reported $300 million financing facility for $SOL treasury purchases could provide a separateon the pace and execution of any purchases under the facility

The bearish case would strengthen if $SOL loses $99 and closes below $96. A breakdown beneath that support would invalidate the latest rebound and expose the Murrey Math level at $93.75. Further selling could bring the $87.50 pivot into view, while the wider chart places major support at $75.

For US investors, the next move may remain sensitive to changes in Treasury yields and expectations for another Fed rate increase. The CLARITY Act setback also leaves regulatory uncertainty in place for smart-contract platforms and other altcoins.

$SOL has absorbed the initial policy and rate shocks without breaking its main support, but buyers still need a sustained move above $102.80—and ultimately $106.25—to confirm that control has shifted back in their favor.

Source: cryptonews.net