Solana support near $95 as 72 million SOL traded in range

  • Solana recovered after the Senate failed to advance the CLARITY Act.
  • U.S. spot Solana ETFs attracted over $200 million during the past month.
  • About 72 million SOL previously traded near $95, identifying a significant support area.

Solana dropped from above $101 to below $96 after the U.S. Senate failed to advance the CLARITY Act, before recovering modestly. About 72 million SOL previously traded near the $95 area, identifying a significant potential support zone. U.S. spot Solana ETFs recorded nine consecutive weeks of net inflows, including more than $200 million over the past month and almost $28 million in August. Exchange balances fell by more than 3 million SOL, while new addresses reached 12 million on September 11 and continued increasing by roughly 10.8 million daily. Tokenized-stock activity has expanded, with 63% occurring after Wall Street closes and more than 727,000 holders. Solana's total value locked rose more than 18% to roughly $5.7 billion. DeFi Development Corp. held about 2.39 million SOL and SOL equivalents after adding 55,491 since August 27, and launched a $300 million at-the-market program expected to support additional SOL purchases. SOL remained nearly 30% higher over the past month, but market watcher Ella identified $102.5 as a key recovery level and $95 as downside risk toward $93-$94, with volatility expected to increase ahead of the Federal Reserve decision.

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