Solana rebounded from a 24-hour low of $96.23 to trade near $100.50 on Thursday, recovering the Murrey Math pivot at $100 after a sell-off tied to a failed Senate vote on the CLARITY Act and the Fed's latest rate increase. Momentum indicators are turning bullish, but resistance near $102.80 and a dense cluster of liquidation levels between $101 and $102 will decide whether the bounce extends.
Solana rebounded from a 24-hour low of $96.23 to trade near $100.50 on Thursday, after buyers defended the $95–$96 support zone. The recovery followed a sharp sell-off linked to the US Senate's failed procedural vote on the CLARITY Act and the Federal Reserve's 25-basis-point rate increase.
SOL retakes the $100 pivot
The bounce carried Solana back to the Murrey Math major support and resistance pivot at $100, improving the short-term structure after the decline from the late-August peak near $110. However, the asset has not yet cleared the lower highs formed during September, so the broader recovery remains incomplete.
Crypto analyst Ella said SOL fell to $96.13 around the Fed decision before bouncing to $98.72 and outperforming Bitcoin and Ethereum during the initial recovery. Referring to the $100 level, she wrote: "Get back above it and yesterday's damage starts to look repairable." She warned that another loss of $96 could cause the rebound to fade quickly.
Momentum improves, but the 4-hour trend stays bearish
The daily Aroon Up indicator reached 85.71%, against an Aroon Down reading of 21.43%, suggesting the recent high still carries more weight than the latest low. The next daily resistance sits at $106.25, and a close above that level would strengthen the case for a move toward $110 and then $112.50.
Meanwhile, SOL traded below its 4-hour Supertrend level near $102.80, keeping the short-term signal bearish. The Awesome Oscillator held slightly below zero at about -0.76, though its negative bars were contracting as SOL recovered from $96.
Liquidation clusters put $102 in focus
A CoinGlass liquidation heatmap shows dense clusters of leveraged positions around $101.30 and between $101.80 and $102, making that zone a likely target if the price pushes higher. A break into those levels could unwind short positions and help SOL test the Supertrend resistance at $102.80, with additional liquidity around $105 and $105.70.
Downside liquidity concentrates near $99, $96, and $95.50. Losing $99 could pull the price back toward the defended $95–$96 zone as leveraged long positions come under pressure. DeFi Development Corp.'s reported $300 million financing facility for SOL treasury purchases could add separate demand, though its market impact depends on the pace of any purchases.
A close below $96 would invalidate the rebound and expose the Murrey Math level at $93.75, with further selling opening the $87.50 pivot. SOL has absorbed the initial policy and rate shocks without breaking its main support, but buyers still need a sustained move above $102.80 and $106.25 to confirm control has shifted back in their favor.
Source: crypto.news
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