Solana Price Rebounds Above $100 Amid Fresh Demand

Solana's price has rebounded above $100 after a drop below $96 earlier this week. The token has gained 3.5% over the past 24 hours and is up 31.6% over the past 30 days, according to CoinGecko data.

The latest move has been attributed to fresh demand, which coincided with Moscow Exchange's plan to launch perpetual futures linked to its Solana index on September 22. The product will operate as one-day futures with automatic rollover and will be available only to qualified investors.

US monetary policy remains a source of pressure for crypto markets, with the Federal Reserve raising its benchmark interest rate by 25 basis points on September 16. However, Solana's price recovered from its earlier decline despite this news.