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Following
SOL Solara gains above $100: upcoming summit sparks high market expectations
Solana (SOL) rebounded strongly and regained its footing at the $100 mark after a sharp decline earlier this week. From September 7 to September 10, 2026, due to the overall downturn in the cryptocurrency market, SOL prices continued to fall. This downward trend caused the 50-cycle moving average on the 2-hour chart to fall below the 200-cycle moving average, forming a short-term "death cross" signal.
Why was Solana able to rebound quickly?
Friday's sudden buying surprised market participants, who had expected the decline to continue. On September 11, 2026, the SOL price soared from US$98 to US$104, which not only broke the suppression of short-term weak signals, but also showed strong recovery momentum.
Looking back at the beginning of September 2026, an important "golden cross" appeared on the daily chart, which brought hope for a more sustainable recovery. Despite positive signals on the technical side, after the breakthrough in mid-August, SOL prices did not gain sustained momentum and the trend was relatively stable.
Currently, SOL has fallen slightly by 1.15% to US$101.98 in the past 24 hours, a weekly decline of 0.87%. During the rally,$110 will be the first major resistance level; during the pullback, around $87 and $83 may provide support.
What is the significance of the Washington Summit?
Solana plans to host a summit called "Washington x Wall Street" on September 14. The event will bring together policymakers, investors and developers to highlight Solana's role in institutional application scenarios and decentralized financial ecosystems, and leverage the advantages of its fast blockchain infrastructure.
Participants will have the opportunity to hear insights from regulators and industry representatives on the future of blockchain policy. The agenda will cover Solana's competitive position, infrastructure and institutional use scenarios. The summit will also serve as an important platform for establishing connections between fund allocators, policymakers and developers.
Key speakers will influence the direction of blockchain policy
One of the highlights of the summit was the presence of Patrick Witt, who is responsible for crypto policy initiatives at the White House. Witt is expected to discuss recent steps the government has taken to promote crypto policy.
SEC Commissioner Hester Peirce will discuss policy paths to shape capital market infrastructure over the next decade in an in-depth interview.
The summit will conclude with a keynote speech by SEC Chairman Paul Atkins. The attendance of regulatory figures shows that the gathering around Solana has gone beyond mere technology and investment topics, and has also attracted high attention at the policy level.
Summary and Outlook
After hitting a low of $98, SOL prices rebounded significantly to $104, which fully demonstrated the resilience of the market despite the pressure of a short-term death cross. The upcoming "Washington x Wall Street" summit focuses on institutional application scenarios, and the participation of key regulatory officials heralds strong policy-oriented discussions.
The presence of key government figures such as Patrick Witt and Paul Atkins marks the importance of the event in shaping blockchain and encryption regulations. As Solana's value stabilizes above $100, market expectations for the September 14 summit are growing, which is expected to become a key event in determining the future of the blockchain in the policy and institutional fields.
