TLDR
- SOL trades near $95.27 after an October drop erased much of the rally above $120.
- U.S. Solana ETFs saw $10.8 million in outflows on Oct. 30, the fifth straight day of outflows.
- Daily RSI sits at 30.30 and MACD remains bearish, with the $93-$96 zone in focus.
- Solana holds $5.37 billion in DeFi TVL, while stablecoin supply fell about 3.1% in seven days.
- Standard Chartered’s end-2026 target is $250, cut from $310.
Solana (SOL) is trading around $95.27 on the Nov. 1 Coinbase daily chart. A sharp October correction erased much of the rally that took the token above $120.
SOL opened near $95.29, reached about $95.80 and briefly dipped to $95.10. Price now sits almost directly on a rising trendline that has held since the June low near $60.
The $93-$96 area is the immediate technical zone. It combines the trendline with resistance from earlier in the year.
Holding that zone could let SOL rebuild toward $100 and then $110. A clear daily break below the trendline would weaken the chart. The next major support sits around $78-$82, with summer lows near $70 below that.
Momentum is stretched. The daily RSI is at 30.30, just above oversold territory. MACD is bearish, with both lines below zero and the MACD line under its signal line.
ETF outflows weigh on SOL
U.S. Solana ETFs recorded $10.8 million of net outflows on Oct. 30. That extended the outflow streak to five trading days.
US spot Solana ETFs, Fri 30 Oct: -$10.75M net (BSOL -$9.26M, MSOL -$0.77M, GSOL -$0.72M).
Week of 26-30 Oct: about -$71.6M net. Cumulative net inflows since launch: $1.48B. Total AUM: $1.40B.
Source: SolanaFloorhttps://t.co/9wYlEGcgDq
— Dr Gems (@_drgems) October 31, 2026
The funds lost $27.7 million on Oct. 29, $5.7 million on Oct. 28, $19.2 million on Oct. 27 and $8.2 million on Oct. 26.
October was the weakest month on record for the U.S. Solana ETF market, with about $143.8 million in net outflows. The products still hold around 14.8 million SOL, roughly 2.5% of circulating supply. Cumulative inflows remain about $1.46 billion.
Network activity stays high
As of Oct. 30, Solana held about $5.37 billion in DeFi TVL and $15.17 billion in stablecoins. The network processed roughly 102.7 million transactions in 24 hours, with about 2.66 million active addresses.
DEX volume was about $2.25 billion for the day. Liquidity measures were weaker, though. Stablecoin supply fell about 3.1% over seven days, weekly DEX volume dropped about 8% and perpetual-futures volume declined about 36%.
Alpenglow is now live on mainnet. It cuts target transaction finality from about 12.8 seconds to roughly 150 milliseconds. Slot times have been reduced to 200 milliseconds, and more Agave upgrades are planned for November and December.
Samsung Wallet has started rolling out USDC transfers on Solana to up to 82 million U.S. Galaxy devices.
Standard Chartered has an end-2026 SOL target of $250, down from $310. The bank says Solana is shifting from memecoin trading toward stablecoin-based micropayments.
From about $95, SOL would need to rise roughly 58% to reach $150. A move to $250 would take a gain of more than 160%.
The analysis lays out a base-case year-end range of $110-$140. A bullish case needs SOL to hold $93-$96, reclaim $105-$110 and break above $120. A bearish case begins with a sustained break below $93, which would expose $78-$82.
