Solana Price Falls Below $100 as Selling Pressure Mounts

Solana's price has fallen below $100 as it faces selling pressure from both inside and outside the crypto market.

The decline comes after buyers failed to sustain a recent advance, which saw Solana climb from around $75 to a peak near $110 in late August. Since then, the price has formed lower highs at $107 and $105, indicating that sellers are gaining control.

A bearish 4-hour Supertrend signal is also adding to the selling pressure, with the indicator positioned at $103.91. This means that Solana's price would need to recover above this level to weaken the current sell signal and improve the short-term structure.