In this video: Is Solana close to a bottom, or does the pullback have further to go? We show the support levels around $100, the level that would signal a low, and the upside target if the next move starts? Video By More Crypto Online.
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Solana (SOL) is trading at approximately €91.56 (or $104.25 USD), marking a 2.1% to 2.3% decline over the past 24 hours. Mirroring the broader crypto sell-off, SOL has pulled back amid heavy trading volume and faces intense pressure following macroeconomic headwinds.
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Insights Today
• Macro Backlash & Outflows: High-beta assets like Solana are taking a harder hit following the hotter-than-expected U.S. inflation data, which triggered a wider "risk-off" sentiment across global markets. Institutional SOL investment products have also logged steady daily net outflows, draining key buy-side support.
• Massive "Alpenglow" Upgrade Locked (Oct 21): The biggest news for Solana today is the official announcement that its highly anticipated Alpenglow consensus upgrade is set to activate on mainnet next week, on October 21, 2026. This major overhaul completely replaces the legacy TowerBFT voting system, moving validator votes off-chain. It targets a 99% reduction in transaction finality, cutting it from several seconds down to just 150 milliseconds—vastly accelerating decentralized trading, tokenization, and retail payments.
• Samsung Galaxy Integration: Solana is receiving substantial mainstream attention after news that Samsung Wallet is adding native Solana USDC stablecoin transfer functionality across 82 million Galaxy devices in the U.S. later this month.
• Technical Levels to Watch: Driven by over $3.6 million in derivatives long liquidations, SOL has dipped below its 20-day moving average. It is currently hanging right above critical support at $104 to $105. If this level fails, analysts point to the psychological $100 mark or a drop toward $93. On the upside, bulls must clear $110 and $115 to kickstart a pre-upgrade rally.
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