Solana Holds $100 Support After 45% Monthly Gains
Solana (SOL)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Solana has recovered sharply from its June lows near $60.66 and climbed back above $100. The asset is now testing a crucial resistance level with the next major target identified as close to $115. This recent breakout has pushed momentum higher, though the rally faces a challenge. The price is currently holding support at $100 following 45% monthly gains.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 31 August 2026. Not the outlet's figures.
Solana is trading at $101.75 with a 1-hour buy ratio of 52.1%, indicating that buyers are currently in control of the short-term flow. However, the 4-hour buy ratio sits at 48.8%, and the 24-hour ratio is lower at 47.8%, suggesting that buying pressure is fading as the timeframe extends. The 1-hour volume delta is positive at +$407,407, but this contrasts with a negative 4-hour delta of -$999,930 and a significant 24-hour delta of -$9,153,728. This divergence shows that while immediate trading is net buying, the broader daily trend is dominated by net selling. Over the last 24 hours, the cumulative volume delta closed at -$14,098,232, confirming that sellers have outweighed buyers for the day.
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.
Twenty-four hours later
What SOL did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
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 52.4%, making today’s 24-hour ratio of 47.8% notably lower by 4.5 percentage points. Weekly volume was 0.56x the average, indicating that trading activity was significantly below normal levels for this period. While there were six days of net buying in the last seven days, the total volume delta for the eight-day period was +$104,589,299. This positive weekly aggregate contrasts with the current day’s negative flow, highlighting a shift in momentum. The price increased by 6.6% over the eight-day period, but today’s volume and delta metrics suggest a cooling off from that weekly trend.