The price of Solana (SOL) has recovered above $100 after bouncing off the support at $95–$96, reaching around $100.50. This movement followed a decline to $96.23, triggered by an unsuccessful vote on a regulatory initiative in the U.S. and a 25 basis point rate hike by the Fed.
The $100 level is crucial for maintaining bullish momentum. A breakout above $102.80, where the 4-hour Supertrend lies, will pave the way to $105 and daily resistance at $106.25. A close above $106.25 will strengthen the scenario for a return to $110 and the next level at $112.50; above that – $118.75 and $125, but first SOL must overcome the September series of lower highs. The Aroon indicator favors buyers: Aroon Up is at 85.71% versus Aroon Down at 21.43%. The four-hour Supertrend remains bearish below $102.80, while the Awesome Oscillator is slightly below zero at -0.76, although the bands are narrowing.
The CoinGlass liquidation map shows tight clusters just above the current price: $101.30 and $101.80–102, which could accelerate upward movement. Additional liquidity is at $105 and $105.70. Below the market, concentrations are visible at $99, $96, and $95.50: losing $99 could bring the price back to the protected zone of $95–$96. With liquidity on both sides, an exit from the $96–$103 range could be sharper than the current consolidation suggests. Analyst Ella noted that SOL dropped to $96.13 at the Fed's decision, bounced back to $98.72, and outperformed Bitcoin and Ethereum in the initial recovery. "Getting back above it will make yesterday's damage look repairable," she wrote about $100. According to her, another drop below $96 would quickly extinguish the bounce.
Rand Group indicated that Solana is holding horizontal support while simultaneously pressing against a local downtrend: compression under declining resistance could be a setup for a breakout. DeFi Development Corp. reported a $300 million credit line for purchasing SOL into the treasury – this is a separate source of demand, but the effect depends on the pace and execution.
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