Solana — 2026-10-07
$116.64Down -3.45%24h
Change since the previous record
Down $3.65 (3.03%)
- Previous record
- $120.29 · 2026-10-06 15:39 UTC
View the previous record. Based on the two recorded prices; separate from the 24h change.
Market commentary
CoinMarketCap AI commentary (attributed, not independently verified)
Solana is down 4.79% to $115.90 in 24h, closely tracking a broad crypto market selloff primarily driven by macro pressure from rising Treasury yields and oil prices. It shows a strong correlation (89%) with the S&P 500, indicating a shared macro-driven move.
- Primary reason: Market-wide risk-off sentiment, as Bitcoin fell 4.01% amid rising 10-year Treasury yields (to 5.35%) and oil prices (Brent above $101), pressuring all risk assets.
- Secondary reasons: Sector rotation out of altcoins, evidenced by a 4.84% drop in the Altcoin Season Index, and a wave of leveraged long liquidations exceeding $600 million market-wide.
- Near-term market outlook: If SOL holds above the key 61.8% Fibonacci retracement at $107.07, it could retest resistance near $125; a break below risks a drop toward the next support at $102.30. The immediate trigger is the market's reaction to the Federal Reserve's September meeting minutes released later today.
Research details
- Confidence
- MEDIUM
- Status
- CHANGED
- Previous record source
- CoinMarketCap AI (page-embedded data, automated collector)
Evidence
CoinMarketCap price-analysis page data: US$116.64, -3.45% (24h). Analysis title: "Latest Solana (SOL) Price Analysis".
Verification notes
Price and 24h change were read directly from CoinMarketCap's own page data (not cross-checked against an independent feed). CMC AI's analysis text is attributed commentary, not independently verified fact; catalyst/causal claims within it require separate confirmation before being treated as fact.
Why it matters
Tracks Solana's latest price move and CoinMarketCap AI's own stated reasoning, without independent cross-verification against a second price feed.