Solana Price Tumbles Below $100 Support Amid Growing Bearish Pressure

Solana's price dropped below $100 support and fell to $98 before rebounding slightly, according to recent market data.

The cryptocurrency traded around $99.90 at reporting time, marking a 1.8% daily decline.

This drop pushed Solana below its 9-day and 21-day Moving Averages, indicating growing short-term bearish pressure in the market.

Around $10 million in Long Liquidations were recorded on CoinGlass, suggesting that investors had reduced exposure to Solana as prices declined.