Why Is Solana Price Struggling Below $100? 3 Factors Behind the Drop
Photo: Coinpedia
Solana price faces continued selling pressure as a large whale deposits 1.49 million SOL worth nearly $148.77 million into exchanges. Spot Solana ETFs record approximately $71.47 million in weekly outflows, signalling weaker institutional demand. SOL trades below key moving averages, with $88 emerging as an important support level. Solana price is struggling to reclaim the $100 mark as selling pressure continues to weigh on the cryptocurrency. Large whale transfers to exchanges, persistent withdrawals from spot Solana ETFs and weakening technical momentum are creating a challenging environment for buyers.
Source: Coinpedia
