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Solana price drops below $100 amid record ETF outflows and whale sell-offs, signaling bearish market conditions.

Market News
03 Nov 2026, 11:29 WIB
CryptoTicker
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Bearish
Solana price drops below $100 amid record ETF outflows and whale sell-offs, signaling bearish market conditions.

Solana (SOL) has fallen below $100, trading around $93, driven by a record $71 million outflow from US spot Solana ETFs and large holders selling their positions. The price drop is exacerbated by Binance's hack, which affected Solana's liquidity and network withdrawals. Despite being oversold, the market remains bearish until SOL recovers above its 200-day moving average near $98. For a positive turnaround, ETF outflows must stop and Solana must outperform Ethereum. Long-term investors may find value between $85 and $92, but traders should wait for a daily close above $100 before buying.

Solana (SOL) trades at Rp1.673.988 on Pluang, down 2.20% in the past day, with a market cap of Rp981,05 trillion as of Nov 03, 2026 16:41 WIB. Despite recent selling pressure, Pluang users show 62% buy activity and hold SOL for an average of 72 days at this time.

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