Solana Price Prediction: SOL Slips Below $100 as Traders Watch $90–$95 Weekly Demand Zone

Solana price is trading at a critical inflection point as it starts to drop below the $100 region, an area that has historically acted as a pivot during prior corrective phases. After failing to sustain momentum above January highs, SOL has retraced sharply, shifting focus toward whether current levels can act as a base rather than a continuation point lower.

According to Brave New Coin data, Solana price is currently hovering near $97.40, down -6.24 on the day. While broader market conditions remain fragile.

Key Solana Indicator Signalling Bullish Reversal

From a short-term technical perspective, Solana price remains below its former support band, keeping downside risk elevated. The $110–$115 region now acts as immediate resistance, with repeated failures to reclaim this area reinforcing a bearish-to-neutral bias on lower timeframes.

Solana’s daily chart flashes a TD Sequential buy signal near $97. Source: Ali Charts via X

A recent daily chart shared by Ali Charts highlighted that the TD Sequential indicator, which previously marked the local top in early January, has now flashed a buy signal near current levels. While this suggests selling pressure may be losing momentum, confirmation would require sustained acceptance back above $115. Until then, any rebounds remain vulnerable to rejection.

Weekly Support Defines the Broader Trend Outlook

On higher timeframes, Solana is now testing a make-or-break weekly demand zone between roughly $90 and $105, an area that has repeatedly influenced trend direction since mid-2024. This zone previously acted as a reload region during strong advances but has also marked the start of deeper corrective phases when broader liquidity conditions weakened. With price currently trading just below $100, this band remains vulnerable to a breakdown confirmation.

Solana tests a critical weekly demand zone between $90–$105, a make-or-break area that could define whether the broader trend holds or slips into deeper correction. Source: Cyril-DeFi via X

A longer-term view shared by Cyril-DeFi frames this area as decisive. Holding above the $90–$95 lower boundary keeps the larger trend technically intact and leaves room for holding and continuation once conditions improve, while a sustained weekly close below it would shift focus towards deeper downside scenarios. Volume on the weekly chart has remained moderate and controlled, with no clear capitulation spike yet.

Network Activity Continues to Expand Despite Price Pressure

Beyond price action, Solana’s network fundamentals remain a key offsetting factor. Recent data highlighted by Coin Bureau shows Solana surpassing 150 million daily transactions for the first time, underscoring sustained usage even as the price remains under pressure.

Solana surpasses 150 million daily transactions, signaling strong network usage despite continued price pressure. Source: Coin Bureau via X

Historically, periods where network activity continues to expand during corrective phases have often preceded stronger recovery moves once liquidity and sentiment gets back bullish. While this alone does not dictate price direction, it adds structural support to Solana’s longer-term outlook.

Solana and ETF Trend

Institutional positioning has once again remained resilient. Data shared by Cointelegraph shows that Solana spot ETFs recorded net inflows, while Ethereum and XRP ETFs experienced outflows over the same period.

Notably, these inflows have persisted despite weak market conditions. If Solana continues to attract ETF demand during this difficult price phase, it could assist in bottoming out sooner and emerging as a leader in the recovery phase.

Final Thoughts: Will Solana Lose the $100 Support Level?

Solana price has now slipped below the $100 psychological level and is trading near $97, shifting focus towards whether this move develops into a sustained breakdown or remains a temporary deviation. While downside momentum has cooled compared to the initial sell-off, the price has yet to reclaim $100, keeping short-term risk elevated.

Solana price trades at $97.40, down -6.24% in the last 24 hours. Source: SOL price via Brave New Coin

If SOL continues to trade below this level, attention shifts towards the $80–$85 demand zone, which represents the next major area of historical buyer interest. A quick recovery back above $100 would help stabilize the structure and support a consolidation scenario, but until that occurs, Solana remains vulnerable to further downside extensions if broader market conditions weaken.