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Solana faces potential drop to $73 amid midterm election patterns and declining network activity.

Protocol Fundamentals
03 Nov 2026, 02:00 WIB
AMBCrypto
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Bearish
Solana faces potential drop to $73 amid midterm election patterns and declining network activity.

Solana (SOL) may see further price declines based on historical midterm election trends and current market signals. The asset has dropped about 20% in the past month, with data showing SOL typically underperforms a year after midterms before recovering. Liquidation clusters below the current price suggest a possible fall toward $73. Additionally, Solana's network revenue and transaction activity have significantly decreased, indicating weaker demand. U.S. investors have also pulled $71.48 million from SOL ETFs in recent days, signaling cautious sentiment ahead of midterm elections.

Solana (SOL) is trading at Rp1.673.441 on Pluang, down 2.19% in the past day. The platform shows a market cap of Rp982,11 trillion and a 38% sell order activity as of Nov 03, 2026 07:21 WIB.

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