Solana dips below $100 as bearish Supertrend emerges

Solana (SOL) traded around $99.30, breaking the $100 support level amid broader crypto weakness and a bearish 4‑hour Supertrend indicator.

Technical picture

The 4‑hour Supertrend line sits at $103.91, meaning price must close above that level to invalidate the sell signal. The Average Directional Index (ADX) rose to 25.70, indicating strengthening momentum in the current move. Daily RSI fell to 54.34, down from a recent 63.78, showing cooling bullish momentum but still above the neutral 50 mark.

Liquidity and liquidation clusters

CoinGlass heatmaps show concentrated liquidation liquidity near $98.20‑$98.50 and a larger band above $100.70‑$100.90. A further drop could trigger long liquidations around $98, while a rebound above $100.80 may force short liquidations and push price toward $101.80‑$102 and $103‑$104.

Support and resistance levels

• Immediate resistance: $103.91 (4‑hour Supertrend) and $100.71 (intermediate Supertrend).
• Key resistance zones: $104.50‑$105.50, $106.25, $112.50 and $118.75.
• Support levels: $98.20‑$98.50, $93.75, with deeper support at $87.50.

Market context

The move coincided with Bitcoin slipping below $77,000 and sticky US inflation data, which have dampened risk appetite and heightened expectations for higher interest rates. Altcoins like SOL tend to amplify moves when broader market sentiment turns cautious.