Solana Falls Below $100 as Whale Selling, Spot ETF Outflows, and Weak Technicals Pressure Price
first published 2026-11-02T12:12:52Z
Solana is under pressure after large whale transfers to exchanges, continued outflows from US-listed spot SOL ETFs, and weakening chart signals. Lookonchain reported about 1.49 million SOL worth roughly $148.77 million moved to major exchanges over 10 days, while spot Solana ETFs posted $71.47 million in net outflows last week. SOL is trading below key moving averages, with $88.42 cited as critical support and $100 as an important recovery level.
AI Analysis
The summary cites large exchange transfers, ETF outflows, and weak technical levels, all of which are direct bearish signals for SOL price action. This is moderately high impact because it combines on-chain selling pressure with fund outflows and key support levels.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
Source Articles
- Why Is Solana Price Struggling Below $100? 3 Factors Behind the Drop - Coinpedia
- Solana Officially Scores 1,000 Days Without Outage - U.Today
- Bitcoin to hit new high in 2027 as four-year cycle ends, Flaum says - Crypto News
- Bitcoin risks drop below $76K as 7% oil slide fails to spark BTC price rally - Cointelegraph
