Solana (SOL) Price Drops Hard After Trendline Break, but Analysts Eye a Bounce

Solana (SOL) traded near $82.88 on November 12, down 0.36%, about 33% below its late-September high near $124 after breaking a multi-month trendline. US spot Solana ETFs posted a fifth straight day of outflows, totaling about $53.3 million. Seven-day DEX volume fell 23.79%, and perpetual futures volume fell 30.89%.