Solana Price Loses Key Support: Is $100 Next?

The move has shifted the chart’s focus from upside targets to the supports that could contain the pullback. The rally lost its floor around $109 Since early August, SOL had moved inside a rising parallel channel, with each pullback holding above the prior low. The latest sell-off broke that pattern by pushing price beneath the channel’s lower boundary and through the $109.2-$109.7 range, where the former channel floor met the 50-day simple moving average and the 23.6% Fibonacci retracement. That range had helped contain earlier September pullbacks. With SOL now below it, the same combination of chart references sits overhead.