Solana (SOL) Price: Trades Near $95 as Spot ETF Outflows Hit Record Weekly High
Photo: CoinCentral
TLDR SOL trades near $95 after five straight weekly losses and sits below its 50-, 100- and 200-day EMAs. Spot SOL ETFs saw $71.47 million in net outflows last week, their largest weekly withdrawals since launch. Whales moved $111 million of SOL to Coinbase Institutional on October 31. SOL has fallen about 11% since the Alpenglow upgrade went live on October 21. Analyst Jesse Olson says SOL is oversold, with three of four downside targets hit. Solana (SOL) traded near $95.48 on Monday after a fifth straight weekly loss. The token has been falling since late September.
Also reported by Coinotag.
Source: CoinCentral
