Solana Price Rebounds Above $100, Buyers Defend Key Support Zone

Solana's price has risen above $100 after buyers defended the crucial $95-$96 support zone. This rebound comes after a sharp sell-off linked to the US Senate's failed procedural vote on the CLARITY Act and the Federal Reserve's 25-basis-point rate increase.

The daily chart shows that Solana briefly moved below $100 before buyers entered around the $95-$96 area, carrying the price back to the Murrey Math major support and resistance pivot at $100. However, the asset has not yet cleared the lower highs formed during September, leaving its broader recovery incomplete.

Crypto analyst Ella identified $95-$96 as the level Solana needed to defend, saying that 'Get back above it and yesterday's damage starts to look repairable.' She warned that another loss of $96 could cause the rebound to fade quickly.