# Solana Drops Toward $100 Support as ETF Outflows Reach Eight Consecutive Days

- URL: https://stocks.freetheai.org/news/solana-drops-toward-100-support-as-etf-outflows-reach-eight-consecutive-days-cb80dd
- Published: 2026-10-15T07:33:53Z
- Category: crypto; sentiment: bearish; impact: medium
- Symbols: [COINBASE:SOLUSD](https://stocks.freetheai.org/symbols/COINBASE-SOLUSD)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

Solana (SOL) extended its monthly decline on Thursday, falling over 13% in October and approaching the psychologically key $100 level. The token traded near $102.80 after failing to clear resistance around its 50-day exponential moving average of $107.13, leaving buyers under pressure to maintain key technical support.

A sustained pullback in institutional demand has driven much of the downward momentum. Exchange-traded funds focused on Solana experienced net outflows for eight straight trading days, shedding $1.30 million on Wednesday following $24.81 million in redemptions the previous week. Technical indicators remain subdued, with momentum tracking in negative territory. In contrast to token price weakness, Solana's ecosystem expanded as tokenized equity supply reached nearly $611 million across 1.42 million holders, highlighting growing network adoption that has yet to translate into immediate buying demand.

Market participants are watching whether price can hold above $100 and the 200-day exponential moving average near $97.95. A clear drop below $97.95 could risk a deeper decline toward the May 17 high near $83.50. To ease selling pressure, Solana would need to push past $107.13, with further resistance located near its September 25 high of $122.94.

## Key points

- Solana (SOL) has declined more than 13% in October, approaching key support around $100.
- Solana-focused funds recorded eight straight days of net outflows, including $1.30 million on Wednesday.
- Network tokenized equity supply reached nearly $611 million across 1.42 million holders.
- Critical technical levels include support at the 200-day average of $97.95 and resistance at $107.13.

## Questions and answers

### Why is Solana dropping in October 2026?

Solana has declined due to persistent selling pressure and eight consecutive days of net outflows from Solana-focused exchange-traded funds, alongside technical resistance near its 50-day moving average.

### What are the key support levels for Solana right now?

Key support levels to watch include the $100 psychological mark, followed by the 200-day exponential moving average at $97.95. A fall below $97.95 could lead toward the May 17 high near $83.50.

### Is activity on the Solana network still growing?

Yes, Solana's tokenized equity market expanded to nearly $611 million in supply across approximately 1.42 million holders, showing increasing network adoption despite price weakness.