Solana fell below $ 100

After the February collapse, Solana SOL $87.09 Binance-Peg SOL 3.80% Market capitalization $95.9 million VOL. 24 hours $0.31 billion has been holding in a wide range and has not yet been able to return above $ 100. Analysts note that the market is in a consolidation phase: buyers have stopped the fall several times, but the overall pressure from sellers remains significant.

On the 4-hour chart, SOL is moving between $ 70 support and $ 94 resistance. The $ 83-$ 86 zone has become a key level where the balance of power is being formed. The recent bounces from the lower boundary of the range indicate that positions are being protected, but the market is not yet showing a clear trend.

Technical indicators confirm the unstable equilibrium. The MACD has leveled off after a long bearish signal, and the histogram is shrinking, which could mean that selling pressure is easing. The RSI is hovering around 45 points — the market has exited oversold conditions, but has not yet moved into a phase of sustained growth.

Liquidation data shows tensions: on March 8, short positions were closed by $ 3.49 million and long positions by $ 1.06 million. This indicates the prevalence of bearish bets and the risk of new fluctuations in the event of leverage accumulation.

Key levels remain unchanged: support at $ 66 and resistance at $ 111.42. A return above $ 100 could signal a change in sentiment in favor of buyers. Until then, the market structure remains bearish, and the risk of a drop to $ 60 remains.