Solana (SOL) Price: Trades Near $95 as Spot ETF Outflows Hit Record Weekly High
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TLDR SOL trades near $95 after five straight weekly losses and sits below its 50-, 100- and 200-day EMAs. Spot SOL ETFs saw $71.47 million in net outflows last week, their largest weekly withdrawals since launch. Whales moved $111 million of SOL to Coinbase Institutional on October 31. SOL has fallen about 11% since the Alpenglow upgrade went live on October 21. Analyst Jesse Olson says SOL is oversold, with three of four downside targets hit. Solana (SOL) traded near $95.48 on Monday after a fifth straight weekly loss. The token has been falling since late September. SOL is also trading below its 50-day, 100-day and 200-day Exponential Moving Averages (EMAs). These sit at $103.81, $99.96 and $98.08.
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