Solana Price Plummets Below $100 Amid Broader Crypto Weakness

Solana's price fell below $100 after failing to hold onto the psychological support level. The decline was driven by a bearish Supertrend signal on the 4-hour chart and increased selling pressure across the broader crypto market.

The daily Relative Strength Index (RSI) fell to 54.34, indicating that bullish momentum has weakened without reaching oversold conditions. However, the RSI remains above the neutral 50 mark, suggesting that momentum has cooled since Solana reached the $106-$110 region.

Liquidity clusters are concentrated near $98.20 and $100.80, creating potential targets for sellers to push the price towards. A recovery above $100 could trigger short liquidations and help Solana move toward the next liquidity pockets around $101.80-$102 and $103-$104.