Solana price climbs above $100 as bullish momentum returns

Solana (SOL) recovered from a 24‑hour low of $96.23 to trade around $100.50, reclaiming the $100 threshold that many analysts view as a key psychological level.

Support holds and momentum improves

Buyers defended the $95‑$96 zone, prompting the Aroon Up indicator to rise to 85.71% while Aroon Down fell to 21.43%, suggesting short‑term bullish momentum. The daily chart shows SOL hovering near the Murrey Math pivot at $100, a level that could improve the short‑term structure after the decline from the late‑August peak near $110.

Short‑term resistance and technical signals

On the 4‑hour chart, SOL remains below the Supertrend resistance around $102.80, keeping the short‑term signal bearish. The Awesome Oscillator sits slightly below zero at –0.76, though its negative bars are contracting, indicating weakening bearish pressure.

Liquidation clusters add volatility risk

CoinGlass heatmaps highlight dense leveraged positions just above the current price, especially between $101.30 and $102.00. A move into this zone could trigger short‑position liquidations and push price toward the Supertrend level. Conversely, downside clusters near $99, $96 and $95.50 could pull price back if those levels are breached.

Resistance targets and outlook

If SOL holds $100 and breaks above $102.80, the next resistance lies at $105 and the daily barrier at $106.25. A close above $106.25 would reopen the path toward $110 and the subsequent Murrey Math pivot at $112.50. Failure to maintain $100 or a drop below $96 would invalidate the rebound and could expose lower supports at $93.75, $87.50 and $75.

External factors

The rebound follows market reactions to the U.S. Senate’s procedural vote on the CLARITY Act and a 25‑basis‑point Federal Reserve rate hike. Ongoing regulatory uncertainty for smart‑contract platforms and potential Treasury‑yield movements remain relevant for U.S. investors.