Solana Price Prediction: SOL Is Down 14% in October, the Most of the Big Four. How Low Could It Go?

In October 2026, Solana (CRYPTO:SOL) fell 14.1%, the biggest loser among the four major cryptocurrencies. In comparison, Ethereum (CRYPTO:ETH) fell by 13.2%, XRP (CRYPTO:XRP) dropped 12.9%, and Bitcoin (CRYPTO:BTC) declined only 4.1%. SOL is currently trading around $101, after dipping to $99.84 earlier that day.

Over the past 30 days, the coin fluctuated between a high of $125 on September 27 and a low of $98.51 on October 24, when it bounced to close at $102. Year to date, SOL is down 18.5%. On October 22, we questioned whether SOL could maintain a price above $100. It has managed to do so, albeit barely. The pressing concern now is identifying potential support levels if the price falls below $98.51.

Solana’s First Support Is the $93 to $96 Range

Support levels are price points where buyers have previously stepped in, often slowing down further declines. Solana has several support areas below the $98.51 mark, with gaps widening as the price falls.

The initial support zone to watch is between $93 and $96. Prior to October, SOL last fell below $98.51 on September 17, hitting a low of $98.38 but still closing at $102. Two days earlier, on September 15, the price dipped to $96, approximately 5% below its price.

Buyers rallied in this zone multiple times. During the week of August 30, SOL hit a weekly low of $93, about 8% below its current price, yet it still closed that week at $102. Thus, this $93 to $96 range represents the last solid support before a more significant drop.

Solana’s Deeper Floors Are $71 and $60

Further down, Solana has deeper support levels. The next major floor is the 90-day low of $71, which occurred on August 1—about 30% lower than where SOL trades now. SOL spent much of July and early August fluctuating between $70 and $79, leading many holders to establish positions in this range.

The lowest significant floor is the 2026 low of $60, recorded on June 6. This is about 40% below its price. This week, SOL opened at $82 but closed at $66, suggesting a capitulation event in which exhausted holders sold off their positions en masse.

ETF Outflows, Moving Averages and Bitcoin Could Push Solana Lower

Spot Solana ETFs, which hold SOL directly and trade like stocks, experienced net outflows of $17.3 million in the week of October 19. Despite this, they still hold $1.61 billion in assets, so one week of outflows is minor in the grand scheme. However, consecutive weeks of redemptions could create sustained selling pressure, as funds must sell coins to meet withdrawals.

Traders also watch moving averages, which show the average closing price over a set number of days. SOL is below its 20-day average of $107 and its 50-day average of $110—both approximately 6% and 9% higher, respectively. When a coin trades below its moving averages, it often struggles to rally back, as buyers from the past few weeks may sell near those averages to break even.

Additionally, Bitcoin’s performance influences SOL, as the two often move in tandem. Over the last 90 days, SOL increased by 37.6% while Bitcoin gained 25.6%. However, SOL has declined 16.4% over the past month, while Bitcoin fell 5%. With Bitcoin at $79,401 today, any further downturn could hit SOL even harder.

How Low Could the Solana Price Go If $98.51 Breaks?

If SOL breaks below $98.51, we anticipate it could initially test the $93 to $96 support zone, where buyers previously held the line. A weekly close below $93 would be concerning since there isn’t much historical buying activity until the low $70s. SOL bounced quickly from $75 to $103 in late August, suggesting few buyers stepped in that range, so a breakdown could quickly revert to the $71 mark.

While reaching the June low of $60 seems unlikely at the moment, significant market shifts, such as a broader crypto selloff or sustained ETF outflows beyond $17.3 million a week, could bring it into play. Buyers might establish a new support base by keeping SOL above $96, seeing a week of inflows into Solana ETFs, and reclaiming the $107 mark. A close above $110 would likely signal the end of the October selloff.

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