Solana risks 20% drop as SOL tests $100 support, ETF outflows rise

Solana , a blockchain platform known for its high-throughput capabilities, is facing renewed selling pressure as the price of its native token, SOL, trades near $100. Technical analysts are expressing concerns that a sustained breach of this level could trigger a further decline toward $80, representing a potential 20% loss. SOL has lost about 14% in October, falling behind major cryptocurrencies like Bitcoin , Ethereum , and XRP over the same period. The recent dip below $100 has tested a key support zone that previously attracted significant buying interest.

Source: CoinTurk News