SOL Chart Watch, Oct 3: Pullwave Indicator Holds Long State

SOL trades near $118.45 as Pullwave's indicator holds a long state with its 1H trend line at $113.45.

SOL spent the past day chopping inside a wide range while Pullwave's CYH Pullback Strategy continues to track a pullback inside an established uptrend on the 1H chart. Here's a plain-language read of where price sits, what the indicator is showing, and the official Solana updates worth knowing about.

Market snapshot

SOL USDⓈ-margined perpetual futures (SOLUSDT.P) last traded at $118.45, up 0.10% over the past 24 hours. The 24h range ran from a low of $117.05 to a high of $123.77, while the broader 7-day range spans a low of $116.25 to a high of $124.99. The latest funding rate reads -0.0058%, and open interest stands at 8,395,337 SOL (about $995M), up 2.92% over the past 24 hours.

What the Pullwave indicator shows

The CYH Pullback Strategy runs a 1H trend filter — a volatility-based trailing line plotted on the 1H chart — alongside 15m execution logic. The 1H trend filter currently reads UP, and the trend line sits at $113.45. In plain terms, if a 1H candle were to close below that line, the indicator's trend filter would flip from up to down, which changes how the tool treats future setups.

The indicator's position state is a long state, active since Oct 2, 01:00 UTC. Price action since then has moved into what the indicator classifies as a pullback phase inside the uptrend — meaning the broader trend reading remains up, but short-term price has pulled back rather than continuing to push higher.

Two mechanics worth understanding if you're new to how this indicator behaves: an add-on entry is a rule that lets the indicator add to an existing position when price pulls back inside the trend and specific conditions on the add-on table line up. A partial exit is the opposite — it trims part of a position once a move extends far enough that the indicator's rules call for taking some size off. Neither action is a signal to act on its own; they're simply how the tool's logic reacts to price and volume as the chart develops. The indicator draws these entries, add-ons and exits directly on the chart along with an add-on conditions table, so the reasoning behind any state change is visible rather than hidden.

Key levels on the chart

$124.99 — 7-day high
$123.77 — 24h high
$118.45 — last traded price
$117.05 — 24h low
$116.25 — 7-day low
$113.45 — Indicator 1H trend line

Solana ecosystem and official updates

Network status from status.solana.com currently reads All Systems Operational, with no incidents reported.

Slot Time Reduction Effects (2026-09-28): Solana's slot time target has been reduced from 400ms to 250ms. On-chain data shows the skip rate remains stable and the p99 maximal leader interval dropped from about 3 seconds to 2 seconds, though vote latency increased in Asia and South America. Read more — solana.com

Breakpoint 2026: A guide to getting oriented (Part 1) (2026-09-18): Solana's Breakpoint 2026 conference will take place in London on November 15–17 at Olympia Convention Centre, bringing together over 7,000 people from more than 100 countries. Read more — solana.com

Firedancer Mainnet Release v26.09.5 (2026-09-28): Firedancer released mainnet-ready version v26.09.5, fixing a startup issue on some Linux distributions. Read more — Firedancer (GitHub)

What to watch next

The indicator's 1H trend filter stays up as long as a 1H close holds above the $113.45 trend line; a 1H close below that level would be what flips the filter to down. On the upside, the $123.77 24h high and the $124.99 7-day high mark the levels price would need to clear to establish fresh highs beyond the recent range. On the downside, a move through the $117.05 24h low toward the $116.25 7-day low would put price closer to testing the broader 7-day range floor, though it would still sit above the $113.45 trend line unless that level is also breached on a 1H close. Because the indicator currently reads a pullback phase inside an up-trending structure, how price behaves between the $113.45 trend line and the $123.77–$124.99 upper levels is the range worth watching for any change in the indicator's add-on or exit conditions.

SOL Chart Watch, Oct 3: Pullwave Indicator Holds Long State SOL trades near $118.45 as Pullwave's indicator holds a long state with its 1H trend line at $113.45. ["sol", "solana", "solusdt", "tradingview", "pullwave", "crypto-futures", "technical-analysis"]