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Solana price drops 6.4% to test key 200-day moving average amid tech sell-off and ETF outflows

Technical Signals
05 Nov 2026, 23:12 WIB
CryptoTicker
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Bearish
Solana price drops 6.4% to test key 200-day moving average amid tech sell-off and ETF outflows

Solana's price fell 6.4% to around $89, touching its 200-day moving average for the first time since August, driven by a sell-off in Nasdaq chip and AI stocks and over $1 billion in crypto liquidations. US spot ETFs on Solana have seen four consecutive weeks of outflows, adding downward pressure. The upcoming Breakpoint conference in London may influence the trend, but the price must hold above the 200-day line to maintain its long-term uptrend. Investors should watch key support levels and consider tax and leverage implications before acting.

Solana trades at Rp1.636.479 on Pluang as of Nov 06, 2026 04:32 WIB, down 4.92% in one day, showing a notable decline but less steep than the $89 price drop mentioned in the article. Its market cap stands at Rp959,24 trillion with a 52% sell order activity, indicating cautious sentiment among Pluang investors. The typical hold time of 72 days suggests moderate-term interest despite recent volatility.

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