$SOL is sitting right on the line traders are watching: about $91.5 now, with the 24h range roughly $90.7–$94.8 and the 7-day move near -8.5%.
What's pressuring it:
• US spot SOL ETFs logged a record $71.47M weekly outflow (Oct 26–30), the 4th straight negative week. Monday Nov 2 was flat at $0, but the five-session total is still -$63.4M.
• Lookonchain flagged a whale moving ~1.49M SOL (~$149M) to exchanges over 10 days. Deposits aren't confirmed sales, but they add overhead supply.
• Alpenglow (live since Oct 21, ~150 ms target finality) is a real technical win, yet price has slid from ~$107 at launch. Upgrades don't guarantee rallies.
What's holding it up: Solana chain TVL is ~$5.4B (DefiLlama), and new stablecoin and payment integrations keep arriving.
Levels I'm watching (not advice): $90–$92 is the support zone; a clean break would put the $85s in view. On the upside, $95 and then the ~$100 round number are the first hurdles.
Catalysts: US midterms today, Friday's jobs report, and the next ETF flow prints. $BTC direction will likely set the tone for the whole sector.
Risks: ETF outflows continuing, whale selling, headline-driven volatility after the exchange-hack news.
Will SOL hold $90 this week, or does it need ETF inflows to return first?
#Solana #CryptoMarket #ETF
Not financial advice.
What's pressuring it:
• US spot SOL ETFs logged a record $71.47M weekly outflow (Oct 26–30), the 4th straight negative week. Monday Nov 2 was flat at $0, but the five-session total is still -$63.4M.
• Lookonchain flagged a whale moving ~1.49M SOL (~$149M) to exchanges over 10 days. Deposits aren't confirmed sales, but they add overhead supply.
• Alpenglow (live since Oct 21, ~150 ms target finality) is a real technical win, yet price has slid from ~$107 at launch. Upgrades don't guarantee rallies.
What's holding it up: Solana chain TVL is ~$5.4B (DefiLlama), and new stablecoin and payment integrations keep arriving.
Levels I'm watching (not advice): $90–$92 is the support zone; a clean break would put the $85s in view. On the upside, $95 and then the ~$100 round number are the first hurdles.
Catalysts: US midterms today, Friday's jobs report, and the next ETF flow prints. $BTC direction will likely set the tone for the whole sector.
Risks: ETF outflows continuing, whale selling, headline-driven volatility after the exchange-hack news.
Will SOL hold $90 this week, or does it need ETF inflows to return first?
#Solana #CryptoMarket #ETF
Not financial advice.
