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Solana price falls below $116 support amid $17.7M ETF outflows, eyeing $107 Supertrend support.

Market News
08 Oct 2026
Crypto news
View Source
Bearish
Solana price falls below $116 support amid $17.7M ETF outflows, eyeing $107 Supertrend support.

Solana's price dropped below the key $116 support level, trading near $112 on October 8, following $17.7 million in net outflows from U.S. Solana ETFs over three sessions. Technical indicators show a weakening momentum with potential downside targets at $110 and $106 if the price fails to recover above $116. Despite the decline, the daily Supertrend remains positive at $107.22, suggesting a possible support zone. Investors should watch for a recovery above $116 to avoid a deeper correction, while resistance lies between $116 and $123.

Solana is trading at Rp1.950.919 on Pluang as of Oct 08, 2026 22:34 WIB, down 6.08% in the last day. The platform shows a balanced order activity with 50% sell and 50% buy, indicating mixed investor sentiment. Solana's market cap on Pluang stands at Rp1.188,67 trillion, reflecting significant scale despite recent price weakness.

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