Solana Slides 11% in a Week as Price Tests $100 Support

Solana has rebounded toward $108 after falling close to $100, but its position below daily trend resistance leaves the recovery facing an early test near $111, according to CryptoNews. TradingView data showed Solana trading at $107.77, up 1.90% during the session after recovering from an intraday low of $101.69.

Compared with a reference price of $120.65 recorded on Oct. 7, the token stood approximately 10.7% lower over the week. The daily Bollinger Band placed the lower boundary at $106.01, the middle line at $116.43, and the upper boundary at $126.84. CoinGlass data indicated that the strongest nearby liquidation concentration sat around $111, above the latest market price, while weekly support stood at $93.75.

ETF Outflows and Technical Indicators

The technical pullback coincided with US spot Solana ETFs recording $24.8 million in net outflows during the week ending Oct. 9, ending 14 consecutive weeks of inflows and marking the largest weekly outflow since launch according to SoSoValue data. On the weekly chart, the Awesome Oscillator remained positive at 25.22 with green bars, though analysts presented differing near-term paths regarding the retention of ascending channel boundaries.

Key facts

• Solana traded near $107.77 after recovering from an intraday low of $101.69.
• The token declined approximately 10.7% compared to its Oct. 7 reference price of $120.65.
• Daily Bollinger Band resistance stood at $116.43, with lower-band support near $106.
• US spot Solana ETFs recorded $24.8 million in net outflows for the week ending Oct. 9.
• CoinGlass liquidation data showed the strongest nearby concentration around $111.