Solana price traded near $101.50 on Sep. 14 after a late-week rebound defended the $98–$100 support zone, but a tightening 4-hour triangle and heavy liquidation clusters on both sides of the market point to a larger move ahead. Summary Solana price fell about 2.2% between Sep. 8 and Sep. 14 despite recovering from $98.38. The 4-hour chart places SOL inside a symmetrical triangle between roughly $100 and $103. Daily acceptance above $106 could expose $109–$110.50, according to analyst Ella. A daily close below $98 would weaken the rebound and bring $94.50–$96 into view. Solana price recovers after falling below $100 According to data from crypto.news, Solana (SOL) price opened the 7-day period at $103.33 on Sep. 8 before selling pressure pushed its price to a multi-week low of $98.38 on Sep. 11. SOL subsequently recovered above $100 and traded around $101.50 at the time the charts were captured on Sep. 14. The move left Solana down approximately 2.2% over the period despite its late-week recovery. Price also remained below the $103–$105 area, where sellers repeatedly stopped rebound attempts. Solana’s daily chart shows that the token has consolidated since reaching approximately $110 in late August. The pullback followed a steep rally from the mid-$70s, leaving the current range positioned above the market’s earlier August breakout area. Solana price daily chart — Sep. 14 | Source: crypto.news The daily relative strength index stood at 56.17, above the neutral 50 level but below its moving average of 60.80. The reading indicates that the wider recovery has retained some momentum, although buying strength has cooled since SOL entered the recent consolidation. Murrey Math levels place the price near the chart’s $101 “ultimate resistance” line. A sustained move above this area would still need to clear the recent highs between $105 and $110 before confirming another leg higher. 4-hour triangle puts Solana near a decision point The 4-hour chart shows SOL compressing inside a symmetrical triangle, with descending resistance extending from the late-August high and ascending support connecting the September lows. Solana price 4-hour chart — Sep. 14 | Source: crypto.news At approximately $101.50, Solana was trading in the lower half of the formation. The pattern’s upper trendline sits around $103, while rising support is approaching the $100–$100.70 region. The Supertrend indicator remained bearish at $104.08, placing another layer of resistance above the triangle. SOL would need to break both the descending trendline and Supertrend level to strengthen the short-term bullish case. The Aroon indicator produced a more constructive signal. Aroon Up stood at 85.71%, while Aroon Down was at 0%, suggesting that recent highs had occurred more recently than new lows. However, the signal has not yet resulted in a confirmed breakout. A 4-hour close above approximately $103 could open the way toward $104.08 and the broader $105–$106 resistance zone. Failure to hold the triangle’s lower boundary would instead expose $98.50, followed by the weekly low near $98.38. The converging trendlines suggest that the available trading range will continue to narrow. Symmetrical triangles can resolve in either direction, making a confirmed candle close outside the structure more useful than an intraday break. Liquidation clusters surround SOL between $98 and $103 CoinGlass’ 24-hour liquidation heatmap shows concentrated leverage immediately above and below Solana’s market price. The closest large upside cluster appears around $102.60–$102.90, while additional liquidity sits near $103.60–$104. Solana liquidation heatmap | Source: CoinGlass A rise through $103 could force leveraged short positions to close, potentially accelerating a move toward the upper resistance levels. The chart also shows further, less concentrated liquidity extending toward $105–$106. Downside liquidity is concentrated around $100.60–$100.80, with a larger band near $98.50–$98.80. Price may be drawn toward either zone if volatility increases because clusters of leveraged positions can produce forced buying or selling once liquidation levels are reached. The heatmap does not establish direction by itself. Instead, it shows that a break below $100 could encounter a pool of long liquidations before SOL reaches the more important $98 support area. Solana’s recovery from below $99 during the displayed 24-hour period suggests buyers have so far absorbed selling near the lower cluster. Price nevertheless remained beneath the closest upside liquidity, leaving neither side in clear control. SOL needs $106 acceptance to target $110.50 Crypto analyst Ella described $98.50–$100 as the support zone preserving Solana’s broader rebound. According to her Sep. 13 analysis, daily acceptance above $106 would return the $109–$110.50 region to focus. Ella identified $104.50–$106 as the immediate resistance range after SOL failed to sustain its latest attempt toward that area. Her chart characterizes the current price action as consolidation following an expansion rather than a completed breakdown. The bearish scenario would gain strength if Solana records a daily close below $98. Ella said such a move would expose the $94.50–$96 zone, which overlaps an earlier breakout area visible on the daily chart. For the bullish case, SOL must first retain $100, break the 4-hour triangle, and reclaim the bearish Supertrend at $104.08. Daily acceptance above $106 would then provide stronger confirmation, with the late-August peak near $110 acting as the next major test. A loss of $98 would invalidate the immediate rebound structure. Below $94.50–$96, the supplied market context identifies deeper support near $90.80, around the 50-day moving average. US traders are also awaiting the Federal Reserve’s Sep. 16 policy decision, which could increase volatility across high-beta crypto assets. Until SOL clears $106 or closes below $98, its charts favor consolidation between defined support and resistance rather than a confirmed directional move. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
