Solana (SOL) Price: ETF Outflows Drag Token Below $86 as Sellers Stay in Control

TLDR Solana trades near $85.59, down 3.85% on the day and 70% below its record high. Solana ETFs saw outflows for a fifth week, totaling nearly $170 million. Futures open interest fell to $5.10 billion, the lowest since Aug. 19. SOL lost the $90.41 trendline and trades below the 200-day EMA at $99.26. Support sits at $87.46 and $77.60, while resistance starts at $90.41. Solana (SOL) slipped to about $85.59 early Monday, down 3.85% on the day. The token now trades roughly 70% below its record high of $294.85, set on Jan. 18, 2025. SOL has now fallen for five straight weeks. Last week it lost 8%, after a 19% drop in October. The latest slide took price below a long-term ascending trendline near $90.41.

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