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Solana falls below $107 amid heavy ETF outflows and weak trading volume, risking further decline.

Market News
01 Nov 2026, 16:52 WIB
Zycrypto
View Source
Bearish
Solana falls below $107 amid heavy ETF outflows and weak trading volume, risking further decline.

Solana's price dropped below the key $107 support level, currently trading around $95, pressured by significant ETF outflows and declining spot trading volume. Institutional demand has weakened, with two consecutive weeks of large ETF withdrawals totaling over $50 million. Spot selling volume has surpassed buying volume for the first time in over six months, signaling bearish market sentiment. Analysts warn that if selling pressure continues, Solana could fall below $100, indicating potential volatility ahead for investors.

Solana faces ongoing challenges as ETF outflows continue and spot volume dynamics shift, echoing the cautious mood among traders. On Pluang, Solana trades at Rp1.723.827 with a slight 0.66% drop as of Nov 01, 2026 22:01 WIB. Despite the price dip, buying interest remains strong with 70% of order activity on Pluang being buys, and typical hold time is 72 days, indicating some investors still see potential in the asset.

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