Solana Price Analysis: Can SOL Hold $100 Amid ETF Outflows Despite Alpenglow?

Solana traded near $100.73 during the October 27 Asian session, bringing $100 support back into focus. Although Alpenglow was live, ETF withdrawals continued as derivatives positioning weakened.

Solana $100 Support Faces $8.2M ETF Outflows After Alpenglow

According to Alpha Finance, U.S. spot Solana ETFs recorded approximately $8.2 million in outflows on October 26. However, the figure remained provisional because several fund entries were pending. Bitwise’s BSOL recorded $7.2 million in withdrawals, while Grayscale’s GSOL lost another $1.8 million.

Meanwhile, MSOL attracted $800,000, partly offsetting those losses. Consequently, cumulative net flows since October 8 stood at negative $58.6 million, including $38.5 million in withdrawals across the last seven reported sessions.

Source: Alphafinance

Derivatives data reflected similar weakness. CoinGlass figures showed Solana futures open interest declining from $6.34 billion to $6.27 billion. Nevertheless, lower dollar exposure alone does not establish forced liquidations.

Alpenglow Measures 404 ms Finality as $SOL/$BTC Falls 2.1%

Meanwhile, the October 21 Alpenglow upgrade replaced TowerBFT with Votor. Its finality target is about 150 milliseconds, down from a previous 12.8-second reference. On October 23, however, OpenChainBench measured a 404-millisecond median across 357,000 slots.

Settlement had accelerated, though the measured result remained above target. Basically, quicker finality can help applications settle transactions, but it does not automatically generate fresh $SOL purchases.

This distinction matters as Binance’s $SOL/$BTC ratio fell from 0.001283 on October 20 to 0.0012563 on October 26, reflecting a 2.1% decline despite the network upgrade.

$SOL Price Analysis: $101.15 Reclaim or $99.57 Breakdown?

Around $100, Alpha Finance estimated an $11.2 million long-liquidation cluster at $99.57. On the other hand, shorts totaling an estimated $7.9 million sat near $103.04. However, both were modeled levels, not confirmed orders.

As a result, a dip below $100 followed by a four-hour close back above $101.15 would indicate a reclaim, putting $103.04 and $105.28 into view. Nevertheless, sustained weakness beneath $99.57, then $98, would instead expose $97.38.

Source: TradingView

Meanwhile, TradingView’s daily-anchored CVD recovered from −29.69K to approximately +3.29K by 11:01 UTC on October 27. This suggests improving short-term buying pressure, although earlier negative readings leave sustained accumulation unconfirmed.

Furthermore, continued ETF outflows could add selling pressure if $SOL fails to defend the $100 support level.

Key Technical Levels

Bullish Case Scenario: A sweep below $100 followed by a four-hour close above $101.15, supported by rising spot CVD, would favor a move toward $103.04–$105.28.

Bearish Case Scenario: Nevertheless, a sustained weakness below $99.57 and $98 could expose the $97.38 level.

Solana Price FAQs

Related: Bitcoin’s Six-Month Candle Range Stays Bullish Above $58,115, Eyes $97,924