SOL Oct 29: Short State Holds Under the $106.83 Trend Line

SOL trades at $102.43 after a +1.11% day. The Pullwave 1H trend filter is DOWN with its line at $106.83, and the indicator stays in a short state.

SOL is holding in the low $100s this morning, with the last print at $102.43 and a 24h change of +1.11%. The Pullwave CYH Pullback Strategy remains in a short state, and its 1H trend filter is still reading DOWN with the trend line sitting overhead at $106.83. Below is the daily chart note: where price sits, what the indicator is showing, and which levels frame the session.

Market snapshot

SOL USDⓈ-margined perpetual futures (SOLUSDT.P) last traded at $102.43, up 1.11% over 24 hours. The day's range runs from a 24h low of $100.40 to a 24h high of $103.89, which keeps price inside the wider weekly band marked by the 7-day low at $98.51 and the 7-day high at $107.51. In other words, the last 24 hours have been a contained bounce off the lower half of the week's range rather than a break out of it.

Positioning data is quiet. The latest funding rate is 0.0100%, and open interest stands at 9,105,087 SOL (about $933M), a change of +0.42% over 24 hours. Open interest barely moving while price ticks up suggests the day's bid has not been accompanied by a large fresh build-up in futures exposure.

What the Pullwave indicator shows

The Pullwave CYH Pullback Strategy runs on fixed price-and-volume rules — no discretion, no machine learning. Its backbone is a 1H trend filter: a volatility-based trailing line plotted on the hourly chart. When price is working below that line, the filter reads DOWN; when an hourly candle closes above it, the filter flips to UP. That single line decides which side of the market the indicator's 15m execution logic is allowed to work on.

Right now the filter is DOWN, and the trend line sits at $106.83. The indicator has been in a short state since Oct 8, 11:00 UTC. Because the filter has not flipped since then, the strategy has been operating on the short side through the whole move.

The most recent event on the chart was an add-on entry (short) at Oct 23, 15:15 UTC, near $104.34. An add-on entry is what the indicator plots when price pulls back inside the prevailing trend and the setup conditions line up again — it is the strategy extending an existing position rather than opening a new one. The counterpart is a partial exit: when a move extends in the indicator's favour, it marks a scale-out on the chart instead of closing the whole position at once. Both are drawn as labels, and the add-on conditions table shows which criteria are currently satisfied. The indicator itself places nothing; any order is the reader's own decision.

Displaying the indicator works on TradingView's free plan. Creating alerts from it requires a paid TradingView plan (Essential or higher).

Key levels on the chart

$107.51 — 7-day high
$106.83 — Indicator 1H trend line
$103.89 — 24h high
$100.40 — 24h low
$98.51 — 7-day low

Solana ecosystem and official updates

Network status on status.solana.com currently reads All Systems Operational.

Release v4.4.0-rc.1 — 2026-10-26. Anza released Agave v4.4.0-rc.1, a mainnet-beta upgrade candidate recommended for 10% adoption, also recommended for Testnet and Devnet. Anza Agave (GitHub)

Firedancer Mainnet Release v26.10.5 — 2026-10-27. Firedancer released mainnet-ready version v26.10.5, improving snapshot peer selection, block packing performance, and voting validator connection reliability, plus a fix for a crash at the epoch boundary. Firedancer (GitHub)

Solana Breakpoint 2026 Adds Revolut Chair, Former Prime Minister, Former Chancellor and City Leaders to London Lineup — 2026-10-26. The Solana Foundation announced new Breakpoint 2026 speakers for London, including Revolut Chair Martin Gilbert, former Chancellor Sajid Javid, and former Prime Minister Boris Johnson. The event runs 15-17 November at Olympia London. solana.com

Solana Changelog: October 22, 2026 — 2026-10-23. Solana's weekly engineering changelog reports Agave v4.3.2 and Firedancer v26.10.4 with new program SDKs, alongside ongoing work on Alpenglow, validator I/O, gossip, and Transaction V1. solana.com

What to watch next

The single most mechanical thing on this chart is the trend line. If a 1H candle closes above $106.83, the indicator's trend filter would flip from DOWN to UP, which changes the side its 15m execution logic works on. Until that close happens, the filter stays DOWN regardless of intraday strength.

Between here and there sits the 24h high at $103.89 and then the 7-day high at $107.51, which is just above the trend line — so a sustained push through the weekly high would almost certainly carry price through $106.83 as well. On the other side, the 24h low at $100.40 is the nearest reference under spot, with the 7-day low at $98.51 defining the lower edge of the weekly range.

For the rest of the session, the simple framing is: price between $100.40 and $103.89 keeps the chart inside yesterday's range and the trend filter unchanged, while any hourly close above $106.83 is the condition that would change the indicator's state.