Solana (SOL) slipped back under the 100 dollar mark this week as a widely followed trend indicator flipped against buyers, handing altcoin holders their clearest warning signal in weeks. The token traded near 99 dollars before stabilizing around the low 100s, roughly 102 dollars at the time of writing, after sellers rejected an attempted recovery in the 104 to 105 dollar area.
By Carlos Martinez | September 11, 2026
The Hook: A Failed Recovery Changes the Picture
According to data from crypto.news, SOL traded near 99.30 dollars at the low of the move, extending its pullback after buyers failed to hold the 104 to 105 dollar zone. The token was down roughly 1.5% over 24 hours, while weakness across the wider crypto market limited demand for higher-risk altcoins.
The context matters for anyone holding SOL. The token had climbed from around 75 dollars to a late-August peak near 110 dollars — a strong run by any standard. But buyers could not sustain that advance, and the price has since formed a pattern of lower highs around 107 and 105 dollars. In plain terms: each bounce has peaked a little lower than the last, which is how downtrends typically begin.
On-Chart Evidence: The Supertrend Flips Bearish
The most watched signal in this move is the Supertrend indicator on SOL’s 4-hour chart, which now carries a bearish reading positioned at 103.91 dollars. Think of Supertrend as a simple traffic light for trend followers: when price is below the line, the signal says sell; when it moves back above, the signal turns friendly again. SOL would need to recover above 103.91 dollars to weaken the current sell signal.
- Supertrend (4h): bearish at 103.91 dollars, with an intermediate level at 100.71 dollars
- ADX (directional strength): risen to 25.70 — above 25 generally means the active move is gaining strength
- RSI (momentum): 54.34, down from its moving average of 63.78, but still above the neutral 50 mark
- Latest daily candle: opened at 98.67 dollars, reached 100.29 dollars, fell as low as 98.60 dollars
The ADX reading deserves a quick explanation, because it does not show whether a trend is bullish or bearish — only how strong it is. A reading above 25 suggests the current move has real force behind it. With SOL trading below its Supertrend line, that increase supports the case for stronger short-term selling pressure.
The Core Conflict: Where the Money Is Parked
Leverage data from CoinGlass shows why the next few sessions could be choppy. The 24-hour liquidation heatmap — a map of where forced closures of leveraged positions are likely to cluster — shows the strongest nearby liquidity below the market around 98.20 to 98.50 dollars, with additional pockets near 97.70 to 98 dollars and around 96 dollars.
On the flip side, a large liquidation band sits just above the price around 100.70 to 100.90 dollars. A recovery through 100 dollars could trigger short liquidations and help SOL move toward liquidity pockets around 101.80 to 102 dollars and 103 to 104 dollars. Liquidity on both sides leaves SOL vulnerable to sharp intraday swings, though the closer downside cluster gives sellers a near-term advantage.
Crypto analyst Ella identified 104.50 to 105.50 dollars as the key resistance zone, noting that daily acceptance above 105.50 would be needed before treating 107.50 to 110 dollars as the next structural target. She had previously placed first support at 101.50 to 102.50 dollars and warned that a daily close below 101.50 would return attention to the 99 to 100 dollar area — a scenario that has now played out.
Market Implications: Why the Macro Is Weighing on Altcoins
Solana’s decline coincided with broader market caution, with Bitcoin hovering near the 77,000 dollar level after its own volatile week around US inflation data. Sticky inflation readings have reduced demand for speculative assets as traders reassess the Federal Reserve’s next interest-rate decision.
The connection is simpler than it sounds. Higher interest-rate expectations can pressure cryptocurrencies because US Treasury securities offer investors yield with lower volatility. When traders reduce exposure across the digital asset market, altcoins such as SOL often record larger percentage moves than Bitcoin — in both directions.
The Verdict: Levels to Watch
For regular investors, the decision framework comes down to a handful of numbers. On the downside, the daily Murray Math chart places 100 dollars at the main resistance boundary; below the nearby liquidation band, the next major chart support stands at 93.75 dollars, and a close beneath that could expose 87.50 dollars. On the upside, a confirmed recovery above 100 dollars would face resistance near 100.70 and then 103.91 dollars, with further targets at 106.25, 112.50 and 118.75 dollars — though buyers would first need to clear the swing-high region between 106 and 110 dollars.
A daily close above 106.25 dollars would provide stronger evidence that the correction has ended. Until then, momentum has clearly cooled since SOL reached the 106 to 110 dollar region, and the burden of proof sits with the bulls.
The cryptocurrency market remains highly volatile. This article is for informational purposes only and does not constitute financial advice.
the 104-105 rejection is what stings. that zone held twice in august and this week it just gave way like paper
Same zone as support three times before it broke. Now it flips to resistance. Classic.
lower highs at 107 then 105, textbook stuff. sold half my bag at 103 and the relief alone was worth it
99.30 was the low and everyone acted like it was 2022 again lol. id watch whether 96 holds before panic selling
agreed on 96 being the level. if that breaks the measured move points somewhere ugly near the august base
96 is the next demand zone sure, but the 104-105 rejection already told you who controls this tape
The 75 to 110 run happened in three weeks. Giving most of it back is just Solana doing Solana things.
Disagree. The trend flip matters more than the exact levels. Last time this signal went bearish SOL bled for two months straight.
fair point but the last flip printed way above price. this one sits at 103.91 right over spot, one strong candle and it flips back bullish
one strong candle from a flip is pure copium when volume fades on every bounce. below 100 the trend is the signal, the 103.91 flip is a souvenir
two months of bleeding after the last flip, i remember it. bought that dip at 88 too, not doing it again without a reclaim of 104
ran from 75 to 110 and everyone acted like the trend never ends. sub-100 was always on the table once that signal flipped bearish
Every SOL chart is a 40% rally followed by a religious debate about lower highs. The 103.91 flip says they matter for now.