SOL Oct 4: Pullwave Holds Long State as 1H Trend Filter Stays Up

SOL perpetual futures are trading inside last week's range this morning, with the Pullwave CYH Pullback Strategy indicator still reading a long state on its 1H trend filter. Below is a plain-language look at where price sits, what the indicator is showing on the chart, and what Solana's own sources published this week.

Market snapshot

SOLUSDT.P last traded at $119.67, up 1.00% over the past 24 hours. The 24-hour range runs from a low of $118.42 to a high of $120.06, while the 7-day range spans a low of $116.25 to a high of $124.99. The latest funding rate reads 0.0024%, and open interest stands at 8,246,611 SOL (about $987M), down 1.76% over the past 24 hours.

What the Pullwave indicator shows

Pullwave's CYH Pullback Strategy runs on two timeframes at once. On the 1H chart, it plots a volatility-based trailing line that acts as a trend filter — when price closes above it, the filter reads up; when a 1H candle closes below it, the filter flips to down. That line currently sits at $113.45, and the filter is reading up.

Underneath that filter, the indicator watches 15-minute price and volume action for its entries and exits. When the trend filter is up and price pulls back toward the trend line before resuming higher, the indicator can mark an add-on entry — essentially a second signal suggesting the pullback is holding inside the broader uptrend rather than breaking it. When a move extends further than the indicator's rules expect, it marks a partial exit, trimming exposure rather than closing the full position at once. These are chart markers and alert conditions only; the indicator does not place orders, and any action stays with the person reading the chart.

As of this morning, the indicator's position state is long, dating back to an entry event logged at Oct 2, 01:00 UTC. The 1H structure since then has been described as a pullback phase inside the uptrend — price has eased off without the 1H trend line being broken. If a 1H candle were to close below $113.45, the trend filter itself would flip to down, which is the condition the indicator is built to watch for next.

Key levels on the chart

• $124.99 — 7-day high
• $120.06 — 24h high
• $118.42 — 24h low
• $116.25 — 7-day low
• $113.45 — Indicator 1H trend line

Solana ecosystem and official updates

Slot Time Reduction Effects (2026-09-28): Solana's slot time target has been reduced from 400ms to 250ms, moving toward a 200ms goal. On-chain data show the skip rate remains stable and low, while the p99 leader-control window dropped from about 3 seconds to about 2 seconds. Source: solana.com.

Firedancer Mainnet Release v26.09.5 (2026-09-28): Firedancer released a mainnet-ready version, v26.09.5, which fixes a startup issue affecting some Linux distributions. Source: Firedancer (GitHub).

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

Separately, status.solana.com currently reports All Systems Operational across the network.

What to watch next

With the 1H trend filter still reading up and the indicator in a long state, the $113.45 trend line is the level that matters most for the filter itself — a 1H close below it would flip the trend reading to down. On the upside, price would need to clear the 24h high of $120.06 to test the 7-day high of $124.99, while the 24h low of $118.42 and the 7-day low of $116.25 mark the levels price has already respected over the past day and week, respectively. Watching how price behaves around $113.45 relative to the current pullback phase is the simplest way to follow what the indicator is tracking on the 1H chart right now.