Wednesday, 28 October 2026

Solana Holding $98: Is the Next Drop Coming?

In this video: Solana is holding the $98 level, where old resistance has turned into support, but the short-term pressure is down while it stays below $109. Video By More Crypto Online.

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Solana (SOL) is trading near $101.93, representing a 24-hour gain of roughly 2.4% as the crypto market shows modest upward momentum ahead of a critical macroeconomic trigger. Despite today's recovery, SOL remains down about 14.1% over the past 30 days, making it one of the month’s steeper decliners among major altcoins. Buy Solana >>



Insights Today

• Macro Focus (The Fed Decision): The broader crypto market, including Bitcoin (trading above $81,400) and Ethereum, has moved up today. Investors are highly focused on the Federal Reserve's policy announcement scheduled for 2 p.m. ET. The subsequent press conference will heavily influence market liquidity and determine whether SOL can sustain its push back above $102.

• Fundamental Shifts: Capital inflows have trickled back into the Solana ecosystem today, buoyed by expanding network adoption. This activity is highlighted by strong tokenized credit growth and continuous stablecoin minting on the network via Circle.

• ETF Structural Trends: Live spot Solana ETFs that pass on staking rewards remain a structural bullish anchor for 2026. However, recent short-term institutional outflows from these ETFs have applied downward pressure, offsetting some of the positive on-chain network metrics.

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