Solana breached its $100 support and fell to a low of $98 before rebounding slightly around $99.90, marking a 1.8% daily decline. The drop pushed SOL below its 9-day and 21-day Moving Averages, triggering over $10 million in Long Liquidations according to CoinGlass data. The derivatives market also contracted, with volume down 8% to $7.1 billion and futures netflow turning negative at -$86 million. If bearish pressure continues, Solana could decline toward $93, with a potential drop below $90, while a recovery above $102 would invalidate the current bearish outlook.
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