{"id":31429,"date":"2026-10-16T22:50:21","date_gmt":"2026-10-16T22:50:21","guid":{"rendered":"https:\/\/pettysackingforum.com\/?p=31429"},"modified":"2026-10-16T22:50:21","modified_gmt":"2026-10-16T22:50:21","slug":"solana-has-lost-13-in-october-as-etf-outflows-hit-8-days-will-100-hold","status":"publish","type":"post","link":"https:\/\/pettysackingforum.com\/?p=31429","title":{"rendered":"Solana has lost 13% in October as ETF outflows hit 8 days: will $100 hold?"},"content":{"rendered":"
<\/div>\n

Solana extended its decline on Thursday, approaching the psychologically important $100 level as persistent ETF withdrawals and weak technical momentum weighed on the cryptocurrency.<\/p>\n

SOL traded around $101.82 at the time of the report, after a roughly 2% retreat on Wednesday following resistance near its 50-day Exponential Moving Average at $107.13.<\/p>\n

The latest bearish performance follows a double-top reversal around $122 in early October. Solana has now lost more than 13% this month, leaving buyers under pressure to defend nearby support.<\/p>\n

Despite the price decline, activity in Solana\u2019s tokenized equity market continues to expand. That growth offers a positive signal for network adoption, although it has yet to offset the immediate pressure on SOL.<\/p>\n

Solana ETFs record eight consecutive days of outflows<\/h2>\n

Solana-focused exchange-traded funds continued to face investor redemptions, extending their outflow streak to eight consecutive trading days.<\/p>\n

According to CoinGlass data, the funds registered $1.30 million in net outflows<\/a> on Wednesday. The latest withdrawals followed $24.81 million in outflows last week.<\/p>\n

The sustained outflows suggest subdued demand through these investment products, removing a potential source of support as SOL approaches $100.<\/p>\n

ETF flows represent one part of the broader Solana market. Nevertheless, a return to consistent inflows would offer evidence that demand through regulated investment vehicles is recovering.<\/p>\n

While ETF demand weakened, Solana\u2019s tokenized equity segment continued to grow. Blockworks data<\/a> showed that tokenized equity supply on the network reached nearly $611 million on Tuesday, distributed across approximately 1.42 million holders.<\/p>\n

The figures highlight Solana\u2019s expanding role as infrastructure for blockchain-based exposure to traditional financial assets.<\/p>\n

However, growth in tokenized equity supply does not translate directly into equivalent buying demand for SOL. <\/p>\n

The contrast between expanding tokenized assets and falling token prices shows how network adoption and short-term market performance can move in different directions.<\/p>\n

For now, the increase provides a constructive development for the ecosystem while broader selling pressure continues to dominate SOL\u2019s price action.<\/p>\n

Solana\u2019s technical indicators point to further downside risk<\/h2>\n

Solana\u2019s daily chart remains bearish after the early-October double-top reversal and subsequent drop below the 50-day EMA.<\/p>\n

The Moving Average Convergence Divergence indicator remains beneath both its signal line and the zero line, pointing to negative momentum.<\/p>\n

Meanwhile, the Relative Strength Index stands near 35. That reading suggests sellers retain control, although it remains above the conventional oversold threshold of 30.<\/p>\n

SOL continues to trade above its 200-day EMA at $97.95. Holding this longer-term average would preserve an important support level and leave room for the decline to remain a correction within the broader uptrend described in the source analysis.<\/p>\n

A decisive break beneath it would weaken that interpretation and increase the risk of a deeper pullback.<\/p>\n

The $100 mark is the immediate psychological level in focus, followed by more significant technical support at the 200-day EMA around $97.95.<\/p>\n

A clear break below $97.95 could bring the May 17 high near $83.50 into view as a potential downside reference. Such a move would depend on sellers sustaining the breakdown.<\/p>\n

<\/figure>\n

On the upside, the first major hurdle is the 50-day EMA at $107.13, where the latest recovery attempt stalled.<\/p>\n

A sustained move above that level would help ease near-term selling pressure and improve the prospect of a broader rebound. Beyond it, the September 25 high at $122.94 represents a more distant resistance level.<\/p>\n

With ETF withdrawals continuing and momentum indicators still weak, Solana\u2019s immediate outlook rests on whether buyers can defend the $100\u2013$97.95 area.<\/p>\n

The post Solana has lost 13% in October as ETF outflows hit 8 days: will $100 hold?<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Solana extended its decline on Thursday, approaching the psychologically important $100 level as persistent ETF withdrawals and weak technical momentum weighed on the cryptocurrency. SOL traded around $101.82 at the time of the report, after a roughly 2% retreat on Wednesday following resistance near its 50-day Exponential Moving Average at $107.13. The latest bearish performance […]<\/p>\n","protected":false},"author":1,"featured_media":31430,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31429"}],"version-history":[{"count":0,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/media\/31430"}],"wp:attachment":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}