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Solana price drops below $100 amid $24.82M ETF outflows and whale selling pressure.

Market News
29 Oct 2026, 11:12 WIB
Crypto news
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Bearish
Solana price drops below $100 amid $24.82M ETF outflows and whale selling pressure.

Solana's price fell below $100, trading at $99.71 on October 29, after U.S. spot SOL ETFs recorded $24.82 million in outflows over two days, adding to October's downward pressure. A whale reportedly sold 1.02 million SOL worth about $104.3 million in five days, intensifying selling pressure. Despite the price drop, Solana's network development continues with the recent Alpenglow upgrade improving transaction speed. Analysts see $96–$100 as key support, with a breakout above $104–$105 needed to challenge resistance levels around $108–$112.

As of Oct 29, 2026 15:21 WIB, Solana trades on Pluang at Rp1.827.330 with a 1-day change of -1.80%. Despite recent selling pressure noted in the news, Pluang users show a 64% buy order activity and typically hold Solana for 72 days. The market cap stands at Rp1.070,45 trillion, highlighting Solana's significant presence on the platform.

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