Solana (SOL) recovered the $100 level on the Binance spot market on the 3rd, posting a modest rebound. While volatility in risk assets, including cryptocurrencies, is growing as military conflict between the United States and Iran reignites, Solana is rebounding from its intraday low and attempting to re-enter the $101 range.

Solana Trading at $100.96, Up 0.90% in 24 Hours

As of September 3, 2026, on Binance spot, Solana was trading at $100.96, up 0.90% over the past 24 hours. The 24-hour high was $101.34 and the low was $97.38.

Solana, which had briefly slipped below $100 during the session, recovered its losses and regained a triple-digit price. With the current price relatively close to the 24-hour high of $101.34, whether additional buying flows in at the $101 level is becoming a short-term key point.

US-Iran War Tensions Reignited... High Volatility in International Oil Prices

External market variables remain a burden. Tensions between the two countries have risen again after the United States recently attacked Iranian radar and missile-related facilities, and Iran responded with missiles and drones targeting US military-related facilities. President Trump is also leaving open the possibility of further military action, making it difficult to say the war situation has fully calmed down in the short term.

The US-Iran conflict is also directly affecting international oil prices. On the 3rd, Brent crude traded around $95 per barrel, and West Texas Intermediate (WTI) moved in the $90 range. With concerns over disruptions to Middle Eastern oil supply growing again following the recent attacks, international oil prices are showing high volatility.

Risk Aversion Weighs on Altcoins... Bitcoin Briefly Fell Below $77,000

This situation could act as a risk-aversion factor in the cryptocurrency market. In fact, after the US attacks on Iran resumed, Bitcoin was pushed below $77,000, with major cryptocurrencies under pressure.

When geopolitical tensions rise, investors may move to reduce their holdings of relatively volatile assets such as altcoins. Solana is one of the large-cap altcoins that could be particularly sensitive to such market changes. While Bitcoin serves as a benchmark for overall market risk appetite, Solana may see expanded upward momentum when investment sentiment improves, while facing relatively larger swings when risk aversion strengthens.

Room for Short-Term Buying if Tensions Ease

Conversely, a different trend is possible if fears of war escalation ease. On the 3rd, international oil prices fell slightly after the previous day's surge, and Asian stock markets rose, showing some recovery in risk appetite in financial markets. If markets begin to digest the geopolitical shock to some extent, short-term buying could continue in major altcoins such as Solana.

Breaking Above $101.34 Is the Short-Term Key... Watch $97.38 on the Downside

On the price front, $101.34 is the level to watch first in the short term. If Solana breaks above this price while maintaining trading volume, the rebound that began from the intraday low could be expected to extend.

Conversely, if the US-Iran conflict expands again, Bitcoin falls, and market risk aversion strengthens, the possibility of the $100 level shaking again cannot be ruled out. In that case, price movements around the 24-hour low of $97.38 could become important.

Currently, Solana has reclaimed the $100 level despite the strong external variable of the US-Iran war. The future short-term trend is expected to vary greatly depending not only on whether it breaks above the $101 range, but also on Bitcoin's direction, international oil price movements, and whether the United States and Iran take further military action.

[※ This article was written for the purpose of providing information about the cryptocurrency market and does not recommend buying or selling any specific virtual asset or guarantee investment returns. Price forecasts, support and resistance levels, and target prices mentioned in the article are scenarios based on technical analysis by market participants and may unfold differently from actual price movements. Cryptocurrencies are high-risk assets with extreme price volatility, and you may lose part or all of your investment principal. Investment decisions and their responsibilities rest with the investor, so please fully review market conditions and related information before investing. This article was written with AI assistance.]