Solana price slides toward $100, can weekly support save the recovery?

Solana price has retreated toward $104, putting $100 support back under pressure even as its weekly chart leaves room for the broader recovery to survive. SOL’s daily chart showed $104.47 after an intraday decline to $103.91. The weekly 50-period average near $98.99 sits just beneath the recent $100.62 low. Daily Aroon and Awesome Oscillator readings favored continued downside pressure. U.S. Solana ETFs recorded nine consecutive withdrawal sessions ahead of the scheduled Alpenglow upgrade. Solana is back near the area where its September recovery began to gather strength.

Source: crypto.news