TLDR
- SOL is trading near $101.56 after dipping to $100.43, down about 2.5% on the day.
- U.S. spot Solana ETFs saw $1.29 million in outflows on Oct. 14, an eighth straight session of withdrawals.
- About $959 million in crypto positions were liquidated in 24 hours, with $879.71 million of that in longs.
- The Alpenglow upgrade is set to go live on mainnet on Oct. 21, targeting 150-millisecond finality.
- Analyst Jesse Olson says SOL has hit target 2 of 4 in his retracement setup.
Solana (SOL) is trading near $101.56 on the Oct. 15 Coinbase daily chart. Another selloff pushed the price below its rising channel and through the $105 area.
SOL opened near $104.18 and reached $104.75 before falling as low as $100.43. It was down about 2.5% at the time of the chart. The drop extends a correction from a late-September high above $120.
Analyst Jesse Olson said on X that SOL “just hit target 2 of 4 so far” in his retracement setup. He pointed to several reasons the price could reach the yellow box on his chart, and asked where the bottom will be.
RETRACEMENT: $SOL just hit target 2 of 4 so far. ✅
Several reasons why we'll see the yellow box get hit.
Where will the bottom be? pic.twitter.com/SgASUpdq7d
— Jesse Olson (@JesseOlson) October 15, 2026
Chart analysis
Solana had traded inside a rising channel since the August lows. Price has now broken below the lower boundary and slipped under the former $105-$110 support zone. That puts the $100 level in focus.
Momentum is weak. The daily RSI is 34.61, close to the oversold line of 30. The MACD line is near -1.46, below its signal line near 0.87, and the histogram is around -2.32. If $100 breaks, the next support is near $90.41, where the longer-term moving average sits. If buyers hold $100, the watch next is a move back to $105, then $108-$110.
ETF outflows continue
U.S. spot Solana ETFs recorded about $1.29 million in net outflows on Oct. 14. It was the eighth straight trading session of withdrawals. The latest redemption came entirely from Bitwise’s BSOL fund.
Over the past five sessions, the funds lost roughly $10.3 million. That follows a $24.8 million outflow in the week ending Oct. 9. That week ended a 14-week run of inflows and was the largest weekly withdrawal since launch.
Cumulative net inflows remain about $1.58 billion. Net assets are around $1.66 billion.
Liquidations and on-chain data
The wider market also saw a leverage flush. About $959.43 million in positions were liquidated over 24 hours, and $879.71 million were longs.
In the last four hours alone, traders lost about $521.99 million, including $490.56 million in long positions. Forced closures of longs can add sell orders and speed up a decline.
On-chain activity remains high. DefiLlama shows about $5.97 billion in DeFi TVL, 3.02 million active addresses and more than 114 million transactions in 24 hours. DEX volume is near $2.1 billion a day.
Some measures have softened. Seven-day DEX volume is down about 11%, and perpetual-futures activity has dropped more sharply. Stablecoin supply is near $15.8 billion, down about 2.3% over seven days.
Alpenglow is scheduled to activate on mainnet on Oct. 21, starting with epoch 1064. It targets about 150-millisecond finality, down from around 12.8 seconds. Solana also plans to cut slot times from 250 to 200 milliseconds.
Samsung Wallet users in the U.S. are expected to be able to make cross-border USDC transfers over Solana starting in the last week of October. The integration could reach 82 million Galaxy devices.
