Solana Walks a Tightrope as ETF Outflows Persist and Spot Volume Turns “Heating”

Solana fell below the $107 level that analysts treat as support and was trading around $95 on Monday, Oct. 19, 2026, down 5.81% over the previous week. The cryptocurrency, described as the fifth-largest, faces continued pressure from U.S. spot Solana exchange-traded funds; Sovereign Yield data showed $25.52 million in net outflows, meaning withdrawals exceeded deposits, in the week ending Oct. 16, after $24.81 million the week before. CryptoQuant analysts said spot selling volume exceeded spot buying volume for the first time in more than six months. Sovereign Yield said the outflows indicate weaker institutional demand, while analysts said continued selling could push Solana below $100.