Solana fell to $98 and recovered to around $99.90, down roughly 1.8% over 24 hours, after failing near $110 and losing momentum below the psychologically important $100 level. More than $10 million in leveraged long positions were liquidated, according to CoinGlass, while derivatives volume fell 8% to $7.1 billion, open interest declined about 3%, options volume dropped 5% and options open interest decreased 10%. Futures outflows of $1.78 billion exceeded inflows of $1.69 billion, producing a net flow of negative $86 million. Spot netflow turned positive at approximately $2.8 million after five consecutive days of outflows, a pattern that can indicate tokens moving to exchanges for potential sale. SOL remained below its nine-day and 21-day moving averages, and the Bulls V Bears indicator stayed negative for a second consecutive day. Analysts identified $93 as the first major downside support and $102 as the key level that could invalidate the bearish setup, with a break below $93 increasing the risk of a move under $90. A separate technical view from market analyst Trader Tardigrade identified a symmetrical-triangle breakout followed by a bull flag and projected a potential target near $140 if SOL clears the pattern’s upper trendline. SOL’s 50-day, 100-day and 200-day EMAs remained below its price, while its 20-day EMA was nearly level with it; the RSI stood at 55.30, above neutral but below overbought territory.