Solana Defies Death Cross as SOL Climbs Above $100: Bear Trap Ahead?

Solana rebounded to above $100 after an earlier dip this week, with a short-term death cross highlighting recent weakness.

SOL declined for four consecutive days from September 7 to 10, 2026 amid the wider crypto market’s decline. During the decline, a death cross formed on the 2-hour chart with the MA 50 falling below the MA 200.

However, a sharp rebound on Friday took bears who had expected a further drop by surprise, as SOL price sharply rose, defying the short-term death cross.

As seen on the 2-hour chart, Solana rose on September 11, 2026 rising from $98 to $104, producing a massive green candlestick shortly after the death cross emerged.

Solana created its first major golden cross in 2026 on the daily chart at the start of September 2026, eliciting hopes of an extended rebound, but the price consolidated shortly after a breakout in mid-August.

At the time of writing, SOL was down 1.15% in the last 24 hours to $101.98 and 0.87% weekly.

The next resistance is at $110, while major support is expected at $83 and $87 in the event of a price drop.

SEC chairman to give keynote at Solana event

On September 14, Solana will be hosting ‘Solana Summit: Washington x Wall Street,’ a gathering of policymakers, investors, and builders. The event offers participants the opportunity to hear from regulators and industry leaders on the direction of blockchain policy.

Solana’s infrastructure, competitive position, and institutional use cases will be discussed while allowing participants to connect with allocators, policymakers, and builders across decentralized finance.

Highlights of the event will include a discussion with Patrick Witt, who is leading the White House’s crypto policy efforts and who will shed light on the latest on the administration’s efforts to advance crypto policy.

In a Fireside Chat, SEC Commissioner Hester Peirce will discuss the policy pathways that will define capital markets infrastructure for the next decade.

SEC Chairman Paul Atkins will deliver a closing keynote address at the event.