Solana Slides Under $100 as Bearish Signals Mount

Solana has lost its footing at the $100 mark as market sentiment turns colder. The decline comes alongside a broader selloff across the crypto market, which has put significant pressure on the token over the last few days.

Technical indicators are also signaling trouble for short term holders. The 4 hour Supertrend indicator has shifted to a bearish outlook, suggesting that the recent momentum favors the sellers. Analysts are watching these signals closely as the token tries to find a stable base.

Adding to the concern is the presence of liquidation clusters near current price levels. These areas often trigger quick cascades when traders are forced to exit positions, which can lead to rapid price swings. Investors will be keeping a close eye on whether SOL can reclaim the $100 handle or if the price will drift toward lower support zones.