Solana Price Hovers Near $103 Amidst Cooling Crypto Market

Solana's price continues to hover around $102.93 as of September 8, 2026, amidst a cooling phase in the crypto market.

The daily uptrend remains intact, with Solana trading above all major daily EMAs - EMA20 at $98.79, EMA50 at $90, and EMA200 at $89.26.

However, momentum indicators suggest a cooling trend rather than an acceleration. The MACD histogram has turned negative, indicating a shift towards bearish momentum, while the RSI14 sits at 61.1, signaling healthy momentum but not stretched.

The hourly chart paints a different picture, with neutral-to-weak conditions and bearish MACD readings across the board. The 15-minute chart is labeled bearish, but the MACD histogram has flattened out, suggesting the downside move may be running out of energy.