Assessing Solana’s short-term risk after price tests $100–$105 support zone

Following the release of September's CPI data, which came in hotter than expected at 3.7%, the wider crypto market took a beating. Solana was no exception, with the altcoin falling by 5.10% in 24 hours to $102.19 at press time. With bearish momentum evident on both the daily and 4-hour charts, SOL may see further downside before any recovery. Daily chart flashes signs of red At the time of writing, the daily chart was still very much in bearish territory, with no signs of a reversal. SOL's price broke below the 23.6% Fib retracement level, an area it has traded in since mid-September, with the altcoin in the key $100-$105 support zone.

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