Solana Loses Key Support at $109; $100 Becomes Next Test
- —SOL broke support at $109.2-$109.7, the channel floor and 50-day SMA
- —Intraday low of $101.72, just above the 38.2% Fibonacci level at $100.2
- —Daily RSI fell to 41, below its 54 signal line
- —Next support sits at $92.5-$93.5, where the 50% retracement meets the 100-day SMA
Why it matters: Holding $100 would keep the pullback within the August advance; a break opens the way to $92.5-$93.5.
Source: Coindoo