TLDR
- SOL is trading near $105.70 on Oct. 19 after bouncing from last week’s selloff toward $100.
- The $100.43 level is the key support, with $108-$110 as the first resistance zone.
- U.S. spot Solana ETFs saw $12.7 million in outflows on Oct. 16, their 10th straight session of withdrawals.
- On-chain data is strong, with 2.22 million active addresses and about $1.44 billion in 24-hour DEX volume.
- Daily RSI is 42.72 and MACD is still bearish, so momentum has not yet turned.
Solana (SOL) is trading near $105.70 on Oct. 19 after a rebound from last week’s selloff. The token opened near $103.97 and hit an intraday high of about $105.88.
SOL is up about 1.6% on the day. It had fallen from late-September highs above $120 and broke below the rising channel that guided the rally from August.
Analyst FOUR of Crypto Spaces (@X_Four_iv) said on X that SOL ran from the mid-$70s to around $122, but the structure now looks weaker. He pointed to the broken trendline and a move toward the $96–$103 zone.
$SOL had a strong run from the mid-$70s to around $122, but now the structure is looking weaker
the trendline is broken, and price is moving toward the $96–$103 zone
i’m not saying it has to go to $80
there’s a difference between hoping a level holds and actually seeing buyers… pic.twitter.com/ZG3DS3jgkZ
— FOUR | Crypto Spaces (@X_Four_iv) October 18, 2026
He added that he is not saying SOL must fall to $80. In his view, hoping a level holds is different from seeing buyers defend it, so traders should let the chart confirm the trade first.
On the daily chart, $100.43 is the level bulls must hold. Below it, the old $94–$100 breakout zone is next, and losing that puts the mid-$90s back in play. RSI sits at 42.72 and MACD is still bearish, so this bounce hasn’t flipped momentum yet.
Bulls need $108–$110 first, a zone that was support and now looks like resistance. A daily close above $110 opens $115–$120. Watch $100.43 next: hold it and buyers get a shot, lose it and $94–$96 comes into play.
Solana ETFs Extend Outflow Streak to 10 Sessions
U.S. spot Solana ETFs recorded $12.7 million in net outflows on Oct. 16. That marks 10 straight trading sessions of withdrawals.
Bitwise’s BSOL made up the full day’s outflow. Farside data shows $9.8 million left on Oct. 15.
Earlier outflows were $1.3 million on Oct. 14, $1 million on Oct. 13 and $700,000 on Oct. 12.
The funds still hold about $1.55 billion in cumulative net inflows. That means October’s withdrawals have cut into earlier demand but not erased it.
The picture looked different in late September. The funds drew a record $188 million during the Sept. 21-25 week, with Bitwise taking about $128 million.
On-Chain Activity Holds Up
Solana holds about $5.87 billion in DeFi TVL as of Oct. 19, per DefiLlama. About $15.55 billion in stablecoins sit on the network.
Around 2.22 million addresses were active over 24 hours. The network processed close to 99.6 million transactions.
DEX volume reached about $1.44 billion in 24 hours. Seven-day DEX volume rose almost 7% to roughly $12.93 billion, while perpetual-futures volume fell nearly 17%.
Stablecoin supply fell about 2.1% over seven days. That suggests some liquidity has left the network.
Solana is also preparing its Alpenglow consensus upgrade, which aims to cut transaction finality times sharply. Further block and slot time improvements are planned.
At the latest check, SOL traded around $105.70, with the daily RSI at 42.72 and MACD near -2.07.
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