Solana Bulls Defend $100 Level Amid Mixed Technical Signals
Solana (SOL)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Solana is trading just below the $100 mark after a 33% monthly gain. X user The Black Bull described the asset as a $500 token currently trading at $100. Analyst Ash Crypto highlighted a green monthly candle, a potential MACD cross, and an RSI breaking a two-year downtrend.
Gerla suggested the manipulation phase is complete, targeting $500 and $1,000. Lookonchain data showed HURDw purchased nearly $30 million in SOL over three weeks. Another whale bought $9 million, signaling a shift in smart money focus.
Spot ETFs from issuers like Bitwise and Fidelity are showing green candles. Despite this, X user BATMAN noted bearish divergence in the Stochastic oscillator. Crypto with Haris ₿ holds an $180,000 unrealized loss, predicting a SOL drop to $80.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 11 September 2026. Not the outlet's figures.
Whalio data shows Solana trading at $98.67 with a 24-hour buy ratio of 46.2%. The 1-hour buy ratio is 46.6%, while the 4-hour ratio sits at 50.4%, indicating slightly stronger buying pressure on the shorter timeframe. Volume delta is negative in the 1-hour and 24-hour windows, with a net outflow of $15.35 million over the day. This suggests that sellers are currently outweighing buyers in the broader daily flow, despite the 4-hour snapshot showing balanced activity. The CVD for the 24-hour close is -$14.22 million, confirming that net selling pressure has dominated the session. Spot volume reached $202.57 million with nearly 900,000 trades, showing high liquidity despite the negative delta.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.5%, making today’s 24-hour ratio of 46.2% a 4.3-point decrease from the weekly norm. Weekly volume was 0.87x the average, indicating lower-than-usual trading activity for this period. The coin experienced a 5.1% price drop over eight days, with a total volume delta of +$9.85 million for the week. Today’s negative daily delta contrasts with the week’s net positive flow, marking a shift in momentum. This represents an unusual day for the asset, as buying pressure has weakened compared to the previous seven-day average.