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Solana's downside risks are endless: Focus on this key level!

2026-09-04 00:33:51
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Solana is trying to stand firm above the $100 support after withdrawing from the $109 level. Despite a gain of about 37% in the past month, SOL is still well below its all-time high of $293.31 and down 65.6% from record levels. Bitcoin's rebound and positive cryptocurrency market news from the United States supported gains, but interest rate pressures and liquidity conditions did not completely eliminate Solana's downside risks.

Solana tried to hold on to the US$100 support level.

SOL fell back to the US$100 area after selling off at US$109. At this price, buyers stepped in and the price began to find a new balance. Although Solana has gained about 37% in the past month and performed strongly in the short term, holding on to the $100 support level is crucial to continuing the upward trend. Looking at the broader price landscape, SOL is still far from its historical high, and is currently trading 65.6% below the record level of US$293.31. This suggests that despite the recent rebound, long-term losses have not yet been fully compensated.

One of the key factors in Solana's recent rise is Bitcoin's rebound. Bitcoin once again broke through the US$80,000 mark, boosting overall buying interest in the cryptocurrency market, and SOL also benefited from it. Positive cryptocurrency market news from the United States also boosted investor confidence. U.S. President Donald Trump's announcement of plans to purchase large quantities of Bitcoin and other crypto assets has become an important factor supporting market optimism.

Liquidity and interest rate pressures may pose new risks

Liquidity support from U.S. Treasury bond buybacks also played a role in the rise of the cryptocurrency market. Money flowing into the market turned into risky assets, fueling the rebound of Bitcoin and altcoins. However, if liquidity conditions change and interest rate pressures increase again, risky assets may face greater selling pressure. Especially after the Jackson Hole meeting, interest rate expectations have regained focus, which is a development that requires vigilance for highly volatile crypto assets such as Solana.

For Solana, the $100 price level is a key support level in the short term. If the area is held, SOL is expected to rebound again and test higher levels. However, once the $100 support falls short, selling pressure may increase significantly. In this case, the market may view the $70 area as the next major support level for Solana. Therefore, investors need to pay close attention to not only the SOL price, but also the trend of Bitcoin, interest rate expectations and global liquidity conditions.

Assesses

Solana has risen about 37% in the past month, showing a strong rebound. However, after the pullback from $109,$100 support remains critical. If this level can continue to stabilize, it may consolidate the upward prospects; once it falls, the US$70 area may become the focus of attention again. In the future, Bitcoin's performance and macroeconomic dynamics will play a decisive role in the trend of SOL.

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