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Solana (SOL) drops 5.1% to $102 amid weak momentum and CPI-driven crypto market decline

Technical Signals
16 Oct 2026, 04:41 WIB
Tokenpost
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Bearish
Solana (SOL) drops 5.1% to $102 amid weak momentum and CPI-driven crypto market decline

Solana (SOL) fell 5.1% to $102.19, staying within a $100–$105 support range as technical indicators showed weak momentum. A close below $100 could push the price toward $96. The decline follows a broader crypto market drop after September's 3.7% consumer price index release. Technical signals like MACD and on-balance volume suggest continued caution for SOL's near-term price movement.

Solana's market cap stands at Rp1.116,5 trillion with a 24-hour trading volume of Rp71,07 trillion as of Oct 16, 2026, 09:02 WIB on Pluang. Despite the article noting a 5.1% price drop to $102.19, SOL is up 1.07% on Pluang, trading at Rp1.884.405. Pluang data shows a majority of 63% buy orders and a typical hold time of 71 days, indicating steady investor interest amid recent price fluctuations.

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