Solana (SOL) is currently trading near $106, marking a 15% decline from its late-September peak. Technical analysis of the daily chart suggests a potential head-and-shoulders pattern, which could push the price down to the $80 support level if it closes below the $100 neckline.
Institutional sentiment shows a shift, with US spot SOL ETF inflows dropping from a peak of 200 000 SOL per day to an average outflow of 40 000 SOL per day, representing approximately $4.2 million. This outflow marks the lowest point recorded in 2026.
Despite the price correction, on-chain activity remains robust. The total value of tokenized real-world assets (RWA) on the network, excluding stablecoins, has reached $4.4 billion, doubling since early May. Additionally, 1.4 million addresses currently hold tokenized stocks on Solana.
Market analysts are monitoring a potential cup-and-handle pattern on the weekly chart. A breakout above the $125–130 resistance zone could target a price range of $215–220. Meanwhile, the Alpenglow upgrade, set for October 21, aims to reduce transaction finality to 150 milliseconds.
