From Yahoo Finance · · 1m
Solana Price Prediction Before Q4
Solana price drops to $97 as CLARITY Act fails Senate vote.
In brief
Solana price drops to $97 as CLARITY Act fails Senate vote. Solana's price fell to $97 after the Senate failed to advance the CLARITY Act, with $94 support holding as the critical level for Q4. Originally reported by Yahoo Finance.
Solana Price Drop
Solana trades at $97 after losing $100, down 7% weekly but up 29% monthly.
CLARITY Act Failure
Senate failed to invoke cloture on H.R. 3633, the CLARITY Act, 49 yeas to 50 nays.
Support Level
Solana's critical support level is $94.16 with resistance at $98.77 and $99.42.
ETF Inflows
Solana ETF inflows collapsed 96% in early September, removing passive bid that drove August rally to $110.
CLARITY Act Impact
The CLARITY Act would lock Solana's commodity status into law, unlike Bitcoin's current status.
Q4 Catalyst
Alpenglow, activating September 28, is the only remaining SOL-specific catalyst before Q4.
Price Action
SOL trades below 20-hour and 50-hour moving averages with negative momentum indicators.
The takeaway
Solana's price fell to $97 after the Senate failed to advance the CLARITY Act, with $94 support holding as the critical level for Q4.
