Trader

Solana

Passage

Bull Flag

<h3 id="key-takeaways">Key Takeaways</h3>
<ul>
 <li>SOL experienced a 3.37% decline, settling near $96.97 ahead of the Senate CLARITY Act voting session</li>
 <li>Passage of the CLARITY Act requires 60 Senate votes, meaning at least 7 bipartisan votes are necessary</li>
 <li>Market technicals signal bearish momentum, with analysts estimating a 64% chance of continued downward movement</li>
 <li>September 14 saw Solana ETFs attract $11.01 million in net inflows, with Bitwise’s BSOL leading the charge</li>
 <li>Broader cryptocurrency ETF sector recorded $1.3 billion in weekly inflows, extending a six-week positive streak</li>
</ul>
<p>Solana (SOL) experienced a 3.37% pullback to $96.97 as lawmakers in the U.S. Senate geared up for a pivotal vote on the CLARITY Act scheduled for September 15 at 2:15 p.m. ET. This legislative decision carries significant weight, potentially establishing whether Solana and comparable digital assets fall under the regulatory purview of the SEC and CFTC as digital commodities.</p>
<figure style="width: 100%" class="wp-caption aligncenter"><img src="https://blockonomi.com/wp-content/uploads/2026/09/chart-21-2.webp" alt="Solana (SOL) Price" width="1824" height="1248">
 <figcaption><a href="https://www.coingecko.com/en/coins/solana?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7" rel="noopener noreferrer nofollow">Solana (SOL) Price</a>
 </figcaption>
</figure>
<p>Advancing the bill beyond procedural stages demands 60 affirmative votes in the Senate. Given that Republicans control 53 seats, bipartisan cooperation from at least seven Democratic or independent senators becomes essential for progression.</p>
<p>Market participants adopted a cautious stance preceding the legislative action, driving SOL beneath the psychologically important $100 threshold. Simultaneously, the total cryptocurrency market capitalization contracted 0.79% to $2.63 trillion.</p>
<p>Technical specialist Anton Kharitonov from Traders Union characterized SOL’s current position as “technically weak,” emphasizing persistent bearish forces. His assessment noted: “Until SOL achieves a breakout above $100.32 alongside legislative certainty, I maintain a defensive posture with no interest in long positions.” Kharitonov anticipates lateral to downward price movement while technical and regulatory headwinds persist.</p>
<h3 id="critical-technical-thresholds">Critical Technical Thresholds</h3>
<p>SOL currently trades beneath its 20-day moving average at $100.51 and 50-day moving average at $101.38, both functioning as overhead resistance barriers. The 200-day moving average positioned at $83.30 provides long-term structural support from below. The Relative Strength Index registers 33.81, while Stochastic RSI, Commodity Channel Index, and Bull/Bear Power indicators all reflect oversold conditions.</p>
<p>The anticipated short-term price corridor spans $92.51 to $101.43. A breakdown beneath $92.51 risks intensifying downward momentum, whereas a confirmed close above $100.32 would be required to validate any bullish reversal pattern.</p>
<div class="embed-x">
 <blockquote class="twitter-tweet">
  <p><a href="https://x.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>/daily<a href="https://x.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a> has just got another touch of the Bull Flag bottom <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f525.png" alt="🔥" style="height: 1em; max-height: 1em;"><a href="https://t.co/wnwI06z10r" rel="noopener noreferrer nofollow">https://t.co/wnwI06z10r</a><a href="https://t.co/RPa1oQOTxx" rel="noopener noreferrer nofollow">pic.twitter.com/RPa1oQOTxx</a></p>
  <p>— Trader Tardigrade <img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f9ec.png" alt="🧬" style="height: 1em; max-height: 1em;"> (@TATrader_Alan) <a href="https://x.com/TATrader_Alan/status/2099978427269026071?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 15, 2026</a></p>
 </blockquote>
</div>
<p>Meanwhile, technical analyst Trader Tardigrade highlighted on X that SOL had contacted the lower boundary of a bull flag formation on the daily timeframe, indicating the pattern might still facilitate upward movement if price stabilizes at current levels.</p>
<h3 id="etf-capital-flows-provide-modest-relief">ETF Capital Flows Provide Modest Relief</h3>
<p>Countering the bearish price action, Solana-focused ETFs captured $11.01 million in net inflows on September 14. Bitwise’s BSOL product dominated with $7.10 million, while Grayscale’s GSOL contributed $3.91 million. Aggregate Solana ETF inflows have climbed to $1.37 billion, with total net assets standing at $1.46 billion.</p>
<figure style="width: 100%" class="wp-caption alignnone"><img src="https://blockonomi.com/wp-content/uploads/2026/09/Screenshot-27.webp" alt="" width="1796" height="579">
 <figcaption>
  Source: SoSoValue
 </figcaption>
</figure>
<p>The wider digital asset ETF landscape exhibited resilience as well. Weekly aggregate inflows reached $1.3 billion, extending a six-week consecutive positive flow pattern. Cumulative inflows during this stretch totaled $6.8 billion, with BlackRock’s IBIT fund contributing $3.4 billion independently.</p>
<p>For SOL to mount a sustainable recovery, bulls require a definitive four-hour candle close above $110. Should the $100 level fail to hold, the path toward $95 opens—the zone that provided support during the late-August rebound.</p>
<p>The post <a href="https://blockonomi.com/solana-sol-slides-under-97-as-senate-clarity-act-vote-looms-critical-support-zones-ahead/" rel="noopener noreferrer nofollow">Solana (SOL) Slides Under $97 as Senate CLARITY Act Vote Looms — Critical Support Zones Ahead</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

Solana (SOL) Slides Under $97 as Senate CLARITY Act Vote Looms — Critical Support Zones Ahead

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