Solana drops below one hundred dollars amid heavy exchange deposits
Image: AMBCryptoSolana trades below the one hundred dollar threshold as selling pressure increases across markets. Large holders deposit millions of tokens into exchanges. Spot Solana exchange traded funds record weekly net outflows. Technical indicators show the token trading below key moving averages while testing support levels.
Key points
- Solana trades below the one hundred dollar mark for multiple consecutive days.
- Spot Solana ETFs record approximately $71.47 million in weekly net outflows.
- The token trades below both its 50-day and 200-day exponential moving averages.
Why it matters
Falling prices and exchange deposits indicate strong selling pressure for Solana. Market participants monitor key support levels and ETF outflows to gauge ongoing demand.
Price context · SOL
At publication
$93.40
Now
$93.62
Change since
+0.24%
7 days · dashed line = publication
Sources · 2 publishers
AMBCrypto
Tier 2
Solana’s price drops below $100 for 4 consecutive days: Is a recovery still possible?
Coverage timeline
- First reported by Coinpedia
- Also reported by AMBCrypto
- CryptoVideos brief published
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