# Solana Tests $100–$105 Support Band After 5.1% Daily Drop By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/32932 Published: 2026-10-16T01:41:34.000Z Updated: 2026-10-16T01:41:34.000Z Section: Investing > 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](). ## Links in this article - [Solana’s recent price decline](https://www.tokenpost.com/news/investing/30911)