Solana Price Faces New Risk Despite Growing On-Chain Adoption
SOL traded near $106 after a roughly 15% pullback from its late-September high; a possible daily head-and-shoulders pattern points to $80 on a close below $100. The pattern remains unconfirmed, according to BeInCrypto; a weekly cup-and-handle could target $215–$220 on a breakout above $125–$130, while a move above $115 would weaken the bearish case. U.S. spot SOL ETF flows fell to around minus 40,000 SOL a day, their deepest reading of 2026 (about $4.2 million), while Solana tokenized real-world assets reached $4.4 billion and 1.4 million addresses held tokenized stocks. Developers expect the Alpenglow upgrade, scheduled for Oct. 21, to cut transaction finality to 150 milliseconds.