In this video: We analyse Solana on 15 October 2026 using Elliott Wave, where the area around $97 to $98 decides whether the bulls keep their chance. Video By More Crypto Online.
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As of today, October 16, 2026, Solana (SOL) is trading at approximately €94.35 ($102.40 - $104.00). This marks a minor recovery of around 2% over the past 24 hours following a tough week where the asset dropped over 10% and heavily tested its critical $100 support level.
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Insights Today
1. The "Alpenglow" Consensus Upgrade
The biggest upcoming network catalyst is the Alpenglow protocol rewrite scheduled for October 21, 2026. This massive technical upgrade aims to drastically improve transaction efficiency, targeting an 85x acceleration in transaction finality—slashing it from 12.8 seconds down to just 150 milliseconds. Validators are currently preparing to switch software temporarily to ensure a smooth migration.
2. Institutional Sell-Off vs. Growing Liquidity
A stark divergence has formed between institutional fund behavior and on-chain liquidity:
• ETF Outflows: U.S. spot Solana ETFs recorded their eighth consecutive day of outflows, losing another $1.29 million (bringing the weekly total drained to $24.8 million).
• Stablecoin Expansion: Despite the ETF sell-off, network liquidity remains robust. Over $3.5 billion in USDC was minted on Solana in the past seven days, pushing the network's total stablecoin supply past $17 billion.
• Real-World Growth: Institutional settlement infrastructure is expanding, notably through a pending Samsung Wallet integration to bring Solana USDC support to 82 million U.S. Galaxy mobile devices.
3. Hardware Expansion
Solana's mobile ecosystem gained further traction with hardware giant Ledger announcing its new Atom device. The hardware wallet will come pre-installed with Solana's Seeker app, deepening ecosystem alignment and security for mobile-first dApp users.
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