Solana Price Surges Above $100 Amid Death Cross Uncertainty
Solana's price rebounded strongly after dipping below $100 earlier this week, leaving some market observers wondering if it was a bear trap. The SOL token dropped for four consecutive days from September 7 to 10, creating a short-term death cross on the 2-hour chart.
The MA 50 fell below the MA 200 during this period, but Solana's price rebounded sharply on Friday, rising from $98 to $104 and producing a massive green candlestick. This sudden change has left some market participants questioning whether the recent weakness was just a minor blip or a sign of deeper trouble.
Solana had recently created its first major golden cross in 2026 on the daily chart, sparking hopes for an extended rebound. However, this latest price action suggests that investors may need to be cautious and keep a close eye on support levels at $83 and $87.