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Solana (SOL) drops sharply after failing to break $121, triggering $1B in futures liquidations.

Technical Signals
09 Oct 2026
FXEmpire
View Source
Bearish
Solana (SOL) drops sharply after failing to break $121, triggering $1B in futures liquidations.

Solana (SOL) experienced a sharp decline after failing to surpass the $121 resistance level, with trading volumes increasing by 65% to nearly $5 billion. This sell-off led to over $1 billion in long futures liquidations, indicating strong market pressure. Despite a supportive macroeconomic environment, Solana's price retreat is linked to declining decentralized exchange volumes and negative ETF inflows in October, signaling a shift in investor sentiment. A potential rebound could occur near $100, but a sustained breakout above $120 remains uncertain without deeper market liquidity.

Solana (SOL) trades at Rp1.952.178 on Pluang as of Oct 09, 2026 21:02 WIB, down 2.69% in the last day. The platform shows a market cap of Rp1.157,34 trillion and a 24-hour trading volume of Rp83,54 trillion, with 68% of orders being buys and a typical holding period of 71 days. This trading activity highlights ongoing investor interest despite the recent price pullback discussed in the news.

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