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Solana risks a 20% drop to $80 amid bearish signals and ETF outflows despite network growth.

Technical Signals
27 Oct 2026, 14:53 WIB
Coinpaper
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Bearish
Solana risks a 20% drop to $80 amid bearish signals and ETF outflows despite network growth.

Solana's price is under pressure, trading near $100 with a bearish head-and-shoulders pattern suggesting a possible 20% decline to $80. The cryptocurrency has fallen 14% in October, underperforming major rivals, while institutional interest wanes as Solana ETFs see continued withdrawals. Despite this, the Solana network is expanding, with increased tokenized equity addresses and recent infrastructure upgrades. The key technical levels to watch are support around $100 and $98, with a failure to hold these potentially leading to further declines. Recovery above $115 could invalidate the bearish outlook, but short-term risks remain significant.

As of Oct 27, 2026 19:03 WIB, Solana (SOL) trades at Rp1.809.474 on Pluang, down 1.36% in the last day. The platform shows a nearly balanced order activity with 49% selling and 51% buying, while the typical hold time is 72 days. Despite the bearish outlook in the news, SOL's market cap remains substantial at Rp1.069,38 trillion.

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