Solana Price Tests Key Level as Market Pressure Mounts
Solana's price has slipped below $100, putting one of its key levels back in play. The token is currently trading around $98.30, down roughly 2.2% on the day and about 4.7% over seven days.
The market pressure and weaker ETF demand are weighing on Solana, making $100 an important level to watch. This area has been tested throughout September, with Coinpaper highlighting the $97.70 breakout zone as a key level separating a constructive recovery from a deeper pullback.
A convincing reclaim of $100 would not immediately put Solana back into a full bull trend. Instead, the first challenge sits around $106, $110, where previous price action and liquidation liquidity have created resistance.
Ultimately, clearing the $106, $120 resistance area would provide stronger confirmation that buyers are regaining momentum. A move above $100 would be encouraging, but it's a necessary step towards reaching higher targets, such as roughly $145, $150.