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Solana drops 6.7% amid futures market imbalance, risking further decline below $92.64 support level

Technical Signals
31 Oct 2026, 00:33 WIB
CryptoTicker
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Bearish
Solana drops 6.7% amid futures market imbalance, risking further decline below $92.64 support level

Solana's price fell 6.7% to $93.78, underperforming Bitcoin and Ethereum, driven by a futures market heavily skewed towards long positions (3.38 longs per short). This imbalance increases the risk of a cascade of forced liquidations pushing the price lower, especially if it breaks below the key support at $92.64. Despite aggressive buying, the market remains vulnerable, with the next support around $90. Investors should watch these levels closely as the futures positioning suggests further downside risk.

Solana's market cap on Pluang stands at Rp1.019,8 trillion as of Oct 31, 2026 04:51 WIB, with a 24-hour trading volume of Rp97,46 trillion. The token is trading at Rp1.730.774, down 2.59% in the last day, while order activity is fairly balanced at 48% sell and 52% buy. Typical hold time on Pluang is 72 days, indicating moderate investor engagement despite recent price declines.

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