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cryptonews.netNOV 22 min read$SOL-USD

Why Is Solana Price Struggling Below $100? 3 Factors Behind the Drop

Solana (SOL) struggles to surpass $100 due to whale deposits, ETF outflows, and technical weakness. Whales moved $148.77M to exchanges, institutional ETFs saw $71.47M outflows, and SOL is below key moving averages. Recovery hinges on overcoming resistance at $100 and $103–$104.

Original reporting
cryptonews.net
Published Nov 2, 2026, 3:21 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Nov 2, 2026, 7:29 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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Why Is Solana Price Struggling Below $100? 3 Factors Behind the Drop — source image
Source · cryptonews.net
Decision brief

The 30-second read

$SOL-USDBearishMed
01

Why it matters

The fresh whale deposit data and ETF outflows provide a concrete catalyst for short‑term price weakness, suggesting traders may consider defensive positions.

02

Market read

The article delivers new on‑chain and fund flow data that directly affect SOL's price dynamics, making it a relevant short‑term trading signal.

03

What to watch

Potential upcoming network upgrades or partnership announcements could offset the current downside bias.

Relevance 7/10Novelty 7/10Timing: today

Background

Solana has been trading below its $100 psychological level amid a broader crypto market correction.

Company-level read

Ticker impact

$SOL-USDBearishHigh confidence
Context

Large whale deposited ~1.49 M SOL (~$149 M) to exchanges and spot Solana ETFs saw $71.5 M net outflows, indicating fresh selling pressure on Solana.

Expected impact

likely pressure as the market prices in continued whale selling and ETF outflows

Evidence & confidence

New on‑chain data and ETF flow numbers are first reported, showing sizable sell‑side pressure that traders typically react to.

Market effects

Sector

Negative sentiment may spill to other layer‑1 tokens and crypto assets reliant on institutional inflows.

Regional

US‑listed crypto ETFs outflows reflect broader risk‑off sentiment in the US crypto market.

Global

Large whale moves on Solana can influence cross‑chain liquidity and affect broader crypto market dynamics.

Counterpoint

What could challenge this read

If the whale deposits are for staking or future protocol upgrades, the sell pressure could be temporary and price may rebound.

Key entities

  • cryptocurrency
    Solana

    Layer‑1 blockchain token (SOL) facing selling pressure.

Read at source← All news

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