Summary
Solana (SOL) was US$108.95, down 6.60% over 24h, per CoinMarketCap's own page data. CMC AI's price-analysis TLDR: Solana is down 6.86% to $108.42 in 24h, underperforming a broader market decline and primarily driven by a risk-off rotation out of altcoins. 1. **Primary reason:** Sector-wide altcoin selloff as capital rotates defensively, evidenced by a falling Altcoin Season Index and Bitcoin dominance rising. 2. **Secondary reasons:** Leveraged long liquidations amplified the downward move, with SOL seeing nearly $6 million in positions wiped in a one-hour period. 3. **Near-term market outlook:** If SOL holds above the $110–$107 support zone, it may consolidate; a break below risks a drop toward $102. The key trigger to watch is broader market sentiment ahead of the Fed's decision on October 28.