According to latest data from crypto.news, Solana (SOL) price was trading near $102.30 at the time of writing, down about 0.7% on the daily chart but still above the psychological $100 level. The token began the seven-day period near $102.17, climbed to $110.04 on August 27, and then gave back most of that advance. The retreat followed a much larger recovery from Solana's early-August low near $71, with the token gaining approximately 55% from that level to the weekly peak, leaving it vulnerable to profit-taking as traders approached the end of the month.
The 4-hour chart shows SOL trading below the Bollinger Bands' middle line at $103.88, with the upper Bollinger Band standing at $106.60 and the lower band at $101.16. The daily Relative Strength Index had fallen to 68.43 by August 31, with its moving average remaining higher at 77.14, showing that momentum was easing after the rapid advance. The 4-hour Average Directional Index has dropped to 17.47 after rising above 70 during the breakout, with an ADX reading below 20 normally reflecting a market without strong directional trend, increasing the chance of sideways trading. Daily Chaikin Money Flow remains positive at 0.27, showing that buying pressure has not disappeared despite the retreat from $110.
Solana's 4-hour chart places the Supertrend support at $100.95, just below the market price. The token has remained above the indicator since its breakout from the mid-$70 range, and the Supertrend has continued to signal an upward short-term structure. The position leaves the $100–$101 area as the first line of defense, with a sustained close below that range potentially sending the price toward $93.75 on the daily Murrey Math chart, followed by the previous breakout region between $87.50 and $92. Initial resistance lies between $106.25 and $106.60, where several recent rebounds stalled, with clearing that area exposing $110 and the August 27 high at $110.04. The daily chart places the next resistance at $112.50, while $118.75 marks a higher reversal zone.
The one-week CoinGlass liquidation heatmap identifies a large concentration of leveraged positions near $100, making it a possible short-term target if selling continues. SOL already approached that zone during its August 31 decline before recovering toward $103. Liquidity also appears above the market between approximately $108 and $110, coinciding with the recent high and potentially attracting the price if buyers reclaim the Bollinger midpoint. Smaller clusters are visible around $104–$106, meaning a recovery may encounter resistance before reaching the larger liquidity pool. The selling pressure has already started to appear in the Chaikin Money Flow indicator, with 4-hour CMF standing at minus 0.07, showing that capital flow had shifted slightly negative as SOL retreated from $110.
Crypto analyst Batman identified that SOL had broken out of a major accumulation structure, with his chart identifying the $83–$85 region as the key long-term retest zone and presenting a possible path toward $150 if that support holds. The $150 projection remains a conditional, longer-term target rather than an immediate price objective, requiring SOL to reclaim the $106.25–$110 resistance region and establish a higher high above $112.50. The token also received support from the network's Double Disinflation proposal, with validators approving the measure with about 67% support, doubling the annual disinflation rate from 15% to 30% while retaining the network's 1.5% long-term inflation target. US investment products provided additional demand, with spot Solana exchange-traded funds recording $1.22 billion in cumulative net inflows by late August, including their strongest daily intake of 2026.
