Solana remained above $100 following several days of selling pressure, as repeated buying around that level helped prevent a sustained breakdown.
Over the past seven days, attempts to push SOL beneath the threshold were met with demand. Long lower wicks on recent daily candles reflected those recoveries, reinforcing the area’s near-term technical importance.
However, SOL is down 1.6% in the last 24 hours but continues to trade above $103. Meanwhile, trading volume rose 1.18%, suggesting stronger participation.
However, volume alone does not establish whether buyers or sellers will ultimately control the next move.
ETF withdrawals contrast with spot-market support
Despite the defense of $100, demand through Solana-linked exchange-traded funds remained weak.
SoSoValue figures showed 11 consecutive sessions of net outflows. Over $60 million had been withdrawn so far in October. That compares with approximately $272 million in inflows during September.
The contrast leaves Solana facing competing signals: buyers are absorbing selling near a key price level, while ETF investors continue reducing exposure.
A sustained improvement in fund flows would provide additional support for a broader recovery.
The planned Alpenglow upgrade could serve as a potential catalyst, with the mainnet activation on October 21 at Epoch 1064.
The upgrade has been undergoing testing on Solana’s testnet and devnet. Its central objective is to reduce transaction finality from approximately 13 seconds to around 150 milliseconds.
Faster finality would shorten the time needed for transactions to become confirmed as irreversible, rather than simply increasing how quickly they are submitted.
The proposed improvement could strengthen interest in the network. However, successful deployment does not guarantee a price rally.
SOL must clear the $107–$108 resistance before testing $114
Solana’s first recovery obstacle is the selling area around $107–$108, where previous rallies have encountered resistance.
A sustained breakout of that zone would bring $114 into focus. This resistance level is an important threshold for invalidating the current bearish price structure.
Clearing $114 would strengthen the recovery case and open a potential path toward $120.
Until those barriers are overcome, holding $100 represents stabilization rather than confirmation of a bullish reversal.
The Relative Strength Index remains on the daily chart below 40, indicating weak momentum.
An upward turn and recovery in the indicator would provide stronger evidence that buying pressure is improving.
However, traders anticipate that a successful Alpenglow rollout could help SOL reach $150 over the following weeks.
That is an optimistic scenario dependent on several developments, including continued support at $100, a breakout through resistance, and sustained market demand.
A relatively light economic calendar may give traders more room to focus on network developments and technical levels, but it does not remove broader market risks.
For now, the clearest test is whether Solana can turn repeated buying at $100 into a sustained advance above $107–$108 and $114.
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