Add as a preferred source on GoogleSolana Tests $100–$105 Support Band After 5.1% Daily Drop
SOL traded at $102.19 Thursday as chart readings stayed weak; a daily close below $100 would shift attention to the next identified level near $96.
Solana (SOL) fell 5.1% over 24 hours to $102.19 at 1:30 p.m. ET (17:30 UTC) Thursday, Oct. 15, leaving the token inside a $100–$105 support range as momentum readings stayed weak.
A daily close below $100 would direct attention to the next identified chart level near $96. The daily MACD remained negative and below its signal line, while on-balance volume had turned lower.
On the four-hour chart, SOL was near the 78.6% Fibonacci retracement. MACD was below zero and its signal line, while on-balance volume moved mostly sideways. The daily chart placed SOL near the 50% Fibonacci level, presenting a more mixed picture than the shorter-term readings.
September’s consumer price index was 3.7%, and the wider crypto market fell after its release. The latest move extends Solana’s recent price decline.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.