Solana price breaks $116 support, can bulls prevent a drop to $106?

cryptonews

Yesterday

Solana price has fallen below key support at $116, putting its daily Supertrend near $107 in focus as U.S. SOL ETFs record three consecutive sessions of outflows. Summary Solana price traded near...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2673100644"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2673100644\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2673100644?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-08 23:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2673100644","market":"nz","top_or_hot":-1,"title":"Solana price breaks $116 support, can bulls prevent a drop to $106?","media":"cryptonews","content":"<div>\n<p>Solana price has fallen below key support at $116, putting its daily Supertrend near $107 in focus as U.S. SOL ETFs record three consecutive sessions of outflows.\n\n\nSummary\n\n\n\nSolana price traded near...</p>\n\n<a href=\"https://crypto.news/solana-price-breaks-116-support-can-bulls-prevent-drop/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Solana price breaks $116 support, can bulls prevent a drop to $106?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSolana price breaks $116 support, can bulls prevent a drop to $106?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-08 23:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/solana-price-breaks-116-support-can-bulls-prevent-drop/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Solana price has fallen below key support at $116, putting its daily Supertrend near $107 in focus as U.S. SOL ETFs record three consecutive sessions of outflows.\n\n\nSummary\n\n\n\nSolana price traded near...</p>\n\n<a href=\"https://crypto.news/solana-price-breaks-116-support-can-bulls-prevent-drop/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SLON","symbol_name":"ProShares Ultra Solana ETF","start_time":0,"source_url":"https://crypto.news/solana-price-breaks-116-support-can-bulls-prevent-drop/","article_id":"2673100644","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/solana-price-breaks-116-support-can-bulls-prevent-drop/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2673100644","pubTimestamp":1791472699,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Solana price has fallen below key support at $116, putting its daily Supertrend near $107 in focus as U.S. SOL ETFs record three consecutive sessions of outflows.Solana price traded near $112 on Oct. 8 after falling below the $116 support level.U.S. Solana ETFs recorded approximately $17.7 million in net outflows across three sessions.Daily Supertrend support stood at $107.22, while the 4-hour money-flow indicator turned negative.Analysts identified $110 and $106 as downside levels if buyers fail to recover lost support.TradingView’s Binance SOL/USDT daily chart showed Solana trading at $112.28 on Oct. 8, down 3.46% from the session’s opening price. SOL reached an intraday high of $116.81 before falling to $111.21, leaving it below the $115–$116 area that had supported earlier trading.The decline extended a retreat from the late-September and early-October trading range around $120–$125. At roughly $112, SOL stood about 10% below $125, although its daily chart still showed a substantia","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"SLON":"ProShares Ultra Solana ETF","VSOL":"VanEck Solana ETF","SOLM":"Amplify Solana 3% Monthly Option Income ETF","SOLX":"T-REX 2X Long SOL Daily Target ETF","QSOL":"Invesco Galaxy Solana ETF","TSOL":"21Shares Solana ETF","BSOL":"Bitwise Solana Staking ETF","SSK":"Rex-Osprey SOL + Staking ETF","SOLT":"2x Solana ETF","SSS":"Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF","FSOL":"Fidelity Solana Fund","GSOL":"Grayscale Solana Trust ETF","SOEZ":"Franklin Solana ETF","SOLC":"Canary Marinade Solana ETF","SOLZ":"Solana ETF"},"translate_title":"Solana 价格突破 116 美元支撑，多头能否阻止跌至 106 美元？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SLON":1.5,"SOLX":1.5,"SOLZ":0.9,"SSK":1.5,"TSOL":1.5,"SOLT":1.5,"QSOL":1.5,"FSOL":1.5,"VSOL":1.5,"SOLC":1.5,"BSOL":1.5,"GSOL":1.5,"SOLM":1.5,"SOEZ":1.5,"SSS":1.5},"content_text":"Solana price has fallen below key support at $116, putting its daily Supertrend near $107 in focus as U.S. SOL ETFs record three consecutive sessions of outflows.\n\n\nSummary\n\n\n\nSolana price traded near $112 on Oct. 8 after falling below the $116 support level.\nU.S. Solana ETFs recorded approximately $17.7 million in net outflows across three sessions.\nDaily Supertrend support stood at $107.22, while the 4-hour money-flow indicator turned negative.\nAnalysts identified $110 and $106 as downside levels if buyers fail to recover lost support.\n\n\n\nTradingView’s Binance SOL/USDT daily chart showed Solana trading at $112.28 on Oct. 8, down 3.46% from the session’s opening price. SOL reached an intraday high of $116.81 before falling to $111.21, leaving it below the $115–$116 area that had supported earlier trading.\nThe decline extended a retreat from the late-September and early-October trading range around $120–$125. At roughly $112, SOL stood about 10% below $125, although its daily chart still showed a substantial recovery from the June low near $60.\nThe latest technical readings put the short-term breakdown alongside a daily trend signal that remained positive. Price had moved below nearby horizontal support, but it continued to trade above the daily Supertrend line.\nSolana ETF outflows reach $17.7 million in three sessions\nSolanaFloor’s ETF tracker recorded net outflows of $9.24 million on Oct. 5, $3.69 million on Oct. 6 and $4.8 million on Oct. 7. Together, the rounded daily figures amount to approximately $17.73 million in withdrawals.\nThe three negative sessions followed $1.3 million in net inflows on Oct. 2. Bitwise’s BSOL accounted for the entire $4.8 million outflow on Oct. 7, while the other tracked funds recorded no net movement that day.\nOn Oct. 5, withdrawals were spread across BSOL and Fidelity’s FSOL. Grayscale’s GSOL drove the following session’s redemptions, partly offset by a small inflow into Invesco Galaxy’s QSOL.\nThe withdrawals coincided with SOL’s retreat from its recent trading range. They also marked a reversal from the positive daily flow recorded at the end of the previous week.\nFor U.S. investors, the fund data showed reduced exposure through listed Solana products over those three sessions. SolanaFloor nevertheless recorded approximately $1.6 billion in cumulative net inflows and $1.86 billion in assets across the tracked funds as of Oct. 7.\nThe $116 breakdown brings $110 and $106 into view\nIn an Oct. 8 post, market analyst Sujal identified $116 as the support level Solana had lost. He said buyers needed to push SOL back above that threshold or risk a deeper correction toward $106.\n\n$SOL is a bit in trouble locally, since it lost a key support level of $116.Either bulls step in here and elevate back above it, or we might get a deeper correction into $106. pic.twitter.com/rC4WB5iA0T— Sjuul | AltCryptoGems (@AltCryptoGems) October 8, 2026\n\nThe Binance chart subsequently showed SOL trading several dollars below $116. Its intraday high of $116.81 also placed the former support area close to the upper boundary of the day’s trading range.\nA separate assessment from market commentator BitGuru identified $113 as the immediate level to watch after SOL declined from around $121 toward $112.39. He named $110 as the next potential downside level if $113 failed to hold.\nThe 4-hour TradingView chart showed SOL at $112.46, below both analysts’ nearer thresholds. Its session low of $111.21 left $110 as the next round-number level beneath the latest price.\nThose analyst assessments set out two distinct downside areas: $110 near the current price and $106 beneath it. A recovery above $116 would meet Sujal’s stated condition for reclaiming the lost support level, while continued trading below it would leave his correction scenario in play.\nDaily Supertrend remains positive as momentum fades\nTradingView’s daily chart placed Solana’s Supertrend at $107.22, below the latest price of $112.28. The indicator remained green despite the recent decline, preserving a positive daily trend signal.\nSolana price daily chart — Oct. 8 | Source: TradingView\nThe distance between price and that line was approximately $5, or 4.5%. A move toward $107.22 would therefore bring SOL close to both the daily indicator and Sujal’s $106 downside level.\nThe daily Awesome Oscillator stood at 7.29, remaining above zero. Its latest histogram bars were red and shrinking, showing that positive momentum had weakened from the preceding readings.\nThe daily indicators consequently presented different aspects of the pullback. Supertrend remained below price, while the oscillator recorded fading upward momentum.\nOn the 4-hour chart, the Bollinger Bands showed a clearer short-term deterioration. SOL traded at $112.46 beneath the lower band at $112.94 and well below the middle band at $118.16. The upper band stood at $123.39.\nSolana price 4-hour chart — Oct. 8 | Source: TradingView\nThe same chart placed Chaikin Money Flow at -0.17, below its zero line. Alongside the drop beneath the lower Bollinger Band, that reading added a negative money-flow signal to the short-term price breakdown.\nA recovery faces resistance from $116 to $123\nThe 4-hour chart put several reference levels above SOL’s latest price. The former $116 support came first, followed by the Bollinger middle band at $118.16 and the recent trading area around $120–$123.\nCoinGlass’s one-week liquidation heatmap also showed substantial estimated liquidation concentrations above the market. The brightest visible bands sat around $122–$123, with further concentrations near $123.5–$125.\nSolana liquidation heatmap | Source: CoinGlass\nCloser to the latest price, the heatmap showed bands around $115–$116 and $118–$119. Its price trace fell through those areas before reaching roughly $112 on Oct. 8.\nThe technical recovery sequence therefore begins with the lost $113–$116 area. Above it, the 4-hour middle band at $118.16 provides another chart reference before the recent highs and larger overhead liquidation concentrations.\nOn the downside, BitGuru’s $110 level comes before the daily Supertrend at $107.22 and Sujal’s $106 target. Solana’s daily trend signal remained positive at the time of the chart reading, but its price had yet to recover the support levels identified by either commentator.\n\n\n  \n\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        \n\n\n\n\n\n\n                Read more:\n            \n\n                Jupiter price jumps 50% in a month, can it break $0.40 in October?","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}