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.
According to data from DeFiLlama, ETH has the largest stablecoin liquidity base by far on L1s, accounting for 50% of the $300 billion market; therefore, ETH has a deep liquidity war chest to rotate into risk assets when the market turns risk-on.