Solana Price Tests $104 Pivot Amid Bearish Pressure
Solana's price faces resistance at $104.21 as bearish sentiment builds despite maintaining key support levels.
Solana's price faces resistance at $104.21 as bearish sentiment builds despite maintaining key support levels. Tether (USDT) is trading at $0.9991. This is an original TLT brief based on reporting by The Cryptonomist, with live market data added, as of Sat, 24 Oct 2026 04:00:04 UTC.
The current price action around the $104 pivot level could determine Solana's short-term trend, with bearish pressure testing the cryptocurrency's recent stability.
- Solana trades at $102.43, down 1.62% in the last 24 hours.
- Price holds above EMA200 but below EMA20 and EMA50, indicating mixed signals.
- Bearish pressure mounts as SOL struggles to maintain the $104 pivot.
- Solana Price Recovers Above $106 Amid Bearish Technical Indicators
- Bitcoin Tests $81K Support Amidst Bearish Pressure
- Whale Transfers $25.3M in SOL Amidst Solana Price Pressure
- Solana Price Tests $104 Pivot Amid Bearish Pressure — this brief
As of October 23, 2026, 
Solana's price is experiencing bearish pressure, with the cryptocurrency trading at $102.43, down 1.62% in the last 24 hours.
The price is currently holding above the daily EMA200, which is a positive sign for long-term holders, but it is trading below the EMA20 and EMA50, suggesting potential near-term weakness.
The $104.21 level is a significant pivot point, as it represents a key resistance level that Solana is struggling to overcome amidst the current bearish sentiment.
Despite the bearish pressure, Solana's broader market structure remains intact, with no major breakdowns reported. The cryptocurrency's ability to hold above the EMA200 indicates that long-term support is still in place.
In the broader market context, the total crypto market cap stands at $2.78 trillion, with 
Bitcoin down 0.84% in the last 24 hours. The Fear & Greed index is at 51, indicating a neutral market sentiment.
Since this brief published about 8 hours ago, Tether (USDT) has moved from $0.9991 to $0.9991 — -0.00%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₦1,380.1 (about $0.9991), up 0.0% over 24 hours. The naira itself trades about 3.9% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Solana Price Tests $104 Pivot Amid Bearish Pressure — questions & answers
What is Solana's current price and market position?
Solana is trading at $102.43, down 1.62% in the last 24 hours, with a market cap of $60.4 billion.
What technical indicators are influencing Solana's price?
Solana is trading above its daily EMA200 but below the EMA20 and EMA50, indicating mixed short-term and long-term signals.
What is the significance of the $104.21 level for Solana?
The $104.21 level is a key pivot point that could determine Solana's short-term trend, with bearish pressure testing its ability to maintain this resistance level.
How much is 1 Tether worth in naira today?
About ₦1,380.1 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9991. The naira price moves with both USDT's US-dollar price and the USDT/NGN rate; use our Tether in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Cryptonomist. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.