Solana Price Prediction as Fear & Greed Index Drops to 35: Is $90 Next?

Solana price remains under pressure as cryptocurrency market sentiment deteriorates, raising concerns about another decline below $90. 

SOL price is moving around $95.80 on October 31, 2026, which is still below the psychological 100 level. 

Bitcoin trades at $77,199, Ethereum is at $2,243, and XRP price is at 1.25. This recent market crash has raised the selling pressure on major cryptocurrencies.

Fear & Greed Index Signals Growing Crypto Market Weakness

The decline in market sentiment reflects increasing concerns about cryptocurrency security and market stability. Bitcoin price briefly fell to less than $77,000, with Solana declining to less than $95 in the wider sell-off.

Crypto Fear & Greed Index has fallen to 35, which means that participants of the market are afraid. This decline comes after the huge security breach of Binance, which further fueled mistrust in the cryptocurrency industry. 

Over 1.52 billion leveraged crypto longs were liquidated in 24 hours. The hack entailed about 6.34 billion stolen in cryptocurrency, becoming the biggest crypto breach ever.

Solana ETF Outflows Add Pressure to SOL Recovery

Solana exchange-traded funds have also experienced withdrawals during the recent market downturn. Current data: Outflows of about 10.75 million daily combined were recorded on 30 October.

The highest withdrawal was 9.26 million loss incurred by Bitwise BSOL. The GSOL in Grayscale had outflows of GSOL of $717,490, whereas the MSOL at Morgan Stanley had outflows of about GSOL of 768,390.

The withdrawals notwithstanding, Solana ETFs have about 1.4 billion in aggregate assets under management. They also have positive cumulative net inflows of about 1.48 billion.

The presence of institutional demand may help SOL in a wider recovery. Nevertheless, continued withdrawals will undermine the buying pressure and make its effort to regain $100 difficult.

Solana Price Prediction: Will SOL Drop to $90?

Solana’s daily technical indicators suggest that sellers still maintain considerable influence. The Relative Strength Index (RSI) is around 39, which is close to oversold. A reading of this suggests that the buying momentum is weak after the recent drop.

In the meantime, Moving Average Convergence Divergence (MACD) is at 3.45 negative. The indicator indicates that bearish momentum is still prevailing in the daily chart.

The potential also exists, though, that oversold conditions might stimulate a transient recovery should buyers come back. Solana price should initially protect the support of $94.55 and then proceed to make another rise.

Any decline below this point would reveal the next downside target of $91. Additional selling might push the future Solana price outlook to the range of $90 and even $87.

On the positive side, the resistance is at $98.57, and then there is the psychological level of $100. An upward trend beyond $100 would enhance the chances of recovery up to $110.