Solana price holds $100 as momentum cools after breakout

Solana price held above the key $100 level on Sept. 1 after its late-August rally stalled near $110, with weakening trend strength pointing to consolidation before the next major move. Summary Solana price traded near $102.30 after retreating from its Aug. 27 high around $110. The daily chart places immediate resistance at $106.25, followed by $112.50. 4-hour ADX fell to 17.47, showing that the earlier upward trend has lost strength. Liquidation liquidity is concentrated near $100 and between roughly $108 and $110. Solana price momentum weakens above $100 According to 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 Aug. 27, and then gave back most of that advance. SOL remained up slightly for the week despite the pullback. Its ability to outperform several other large-cap cryptocurrencies followed Charles Schwab’s plan to add SOL trading alongside Avalanche and Chainlink. The announcement helped SOL gain more than 9% in 24 hours as trading volume increased. However, the broader crypto mar...