TLDR
- SOL dropped 3.37% to trade around $96.97 as Senate prepared to vote on the Clarity Act
- The Clarity Act vote needs 60 Senate votes to advance, requiring at least 7 cross-party supporters
- Technical indicators show bearish pressure, with a 64% probability of further declines
- Solana ETFs pulled in $11.01 million in daily inflows on September 14, led by Bitwise’s BSOL fund
- Crypto ETFs overall attracted $1.3 billion in weekly inflows, marking six straight weeks of positive flows
Solana (SOL) fell 3.37% to $96.97 as the U.S. Senate prepared to vote on the CLARITY Act on September 15 at 2:15 p.m. ET. The vote could determine whether Solana and similar cryptocurrencies are classified as digital commodities under SEC and CFTC oversight.
The legislation requires 60 Senate votes to advance to debate. With 53 Republican senators, the bill would need at least seven Democratic or independent votes to clear the procedural hurdle.
Traders pulled back ahead of the vote, with SOL slipping below the key $100 support level. The broader crypto market also fell 0.79% to a total market cap of $2.63 trillion.
Technical analyst Anton Kharitonov from Traders Union described SOL as “technically weak,” with bearish momentum dominating. He stated: “Until SOL breaks above $100.32 and legislative clarity is confirmed, I remain defensive and uninterested in upside exposure.” His base case is sideways to lower price action while both technical and regulatory risks weigh on the asset.
Technical Levels to Watch
SOL is trading below its MA-20 at $100.51 and MA-50 at $101.38, both acting as resistance. The long-term MA-200 at $83.30 remains as structural support below. The RSI sits at 33.81, with Stoch RSI, CCI, and Bull/Bear Power all in oversold territory.
The expected near-term trading range is $92.51 to $101.43. A break below $92.51 could accelerate selling pressure, while a close above $100.32 would be needed to signal any bullish reversal.
$SOL/daily#Solana has just got another touch of the Bull Flag bottom 🔥 https://t.co/wnwI06z10r pic.twitter.com/RPa1oQOTxx
— Trader Tardigrade 🧬 (@TATrader_Alan) September 15, 2026
Separately, chart analyst Trader Tardigrade noted on X that SOL had touched the bottom of a bull flag pattern on the daily chart, suggesting the structure could still support a recovery if price holds.
ETF Inflows Offer Some Support
Despite the price weakness, Solana ETFs recorded $11.01 million in net daily inflows on September 14. Bitwise’s BSOL fund led with $7.10 million, followed by Grayscale’s GSOL at $3.91 million. Cumulative Solana ETF inflows reached $1.37 billion, with combined net assets at $1.46 billion.
The broader crypto ETF market also showed strength. Total weekly inflows hit $1.3 billion, marking six consecutive weeks of positive flows. Cumulative inflows over that period reached $6.8 billion, with BlackRock’s IBIT alone accounting for $3.4 billion.
For SOL to recover, bulls need a confirmed four-hour close above $110. Failure to hold $100 would open a path toward $95, the level that supported the late-August bounce.
