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Solana Pulls Back After $100 Rejection as $90 Support Comes Into Focus

Institutional inflows above $1.08 billion alongside Alpenglow testing bolster longer-term confidence.

Overview

  • Solana traded in the low‑to‑mid $90s on Thursday after a brief push toward $98 earlier in the week failed near the $100 mark.
  • Chart watchers say the $90 area is the key line to hold, with momentum gauges on the daily chart nearing a bearish crossover that would signal fading strength.
  • A close back over $94–$96 would put $100 back in play, and a clean break could open room toward $103–$106 next, with heavier resistance near the 200‑day average around $112–$115.
  • Spot Solana ETFs logged seven straight days of net inflows and more than $1.08 billion in cumulative net additions, with products from Bitwise, Fidelity, and Grayscale drawing fresh money.
  • Developers moved Alpenglow, described by Solana team Anza as the network’s biggest consensus change, into live community validator testing, while futures data show more bullish bets that could speed a breakout or deepen a drop if $90 fails.