Solana Holds $100 Support as Big Price Move Approaches

Solana is currently trading near $101.50 after a solid rebound helped the asset defend the important support zone between $98 and $100. This recovery late in the week has kept the coin stable during a period of wider market uncertainty.

The price action on the 4 hour chart reveals a tightening symmetrical triangle. This pattern often signals that a significant move is coming soon as traders wait for a clear direction. Investors are watching closely to see if the price will break above or below these narrowing boundaries.

There are heavy liquidation clusters on both sides of the market right now. This suggests that a sharp move in either direction could trigger a chain reaction of orders. Traders should keep an eye on these levels as the consolidation phase nears its end.