Solana Price Consolidates Above $100 as Triangle Breakout Looms

Solana's price has been hovering around $100 after a late-week rebound defended the crucial support zone. The token's price opened at $103.33 on September 8 but fell to a multi-week low of $98.38 on September 11 before recovering above $100.

According to data from Crypto.News, Solana has been consolidating since reaching approximately $110 in late August. The pullback followed a steep rally from the mid-$70s, leaving the current range positioned above the market's earlier August breakout area.

Murrey Math levels place the price near the chart's $101 'ultimate resistance' line. A sustained move above this area would still need to clear the recent highs between $105 and $110 before confirming another leg higher.