SOL Daily Chart Note — Oct 31, 2026 | Pullwave

SOL USDⓈ-margined perpetual futures are starting the Friday session quietly, with price holding inside the lower half of this week's range. The Pullwave CYH Pullback Strategy is still showing a short position state on SOLUSDT.P, and its 1H trend filter remains pointed down. Below is today's read of the chart, the indicator's current state, and the official Solana updates that landed this week.

Market snapshot

SOLUSDT.P last traded at $95.97, a 24h change of -0.63%. The 24h high is $98.54 and the 24h low is $92.25, while the 7-day high sits at $103.89 and the 7-day low matches yesterday's floor at $92.25 — so the weekly low was set inside the last 24 hours rather than earlier in the week.

The latest funding rate is -0.0093%, meaning short positions were paying longs at the most recent settlement. Open interest stands at 8,821,267 SOL, roughly $847M, up +4.18% over 24h. More open contracts alongside a slightly lower price is simply a note that positioning is being added rather than unwound; it is a context reading, not a signal on its own.

On the network side, status.solana.com reports All Systems Operational.

What the Pullwave indicator shows

The Pullwave CYH Pullback Strategy is an invite-only TradingView indicator built for SOLUSDT.P on the 30m and 15m charts. It runs on fixed price-and-volume rules — there is no machine-learning or predictive layer involved — and it plots long and short entries, add-on entries and exits directly on the chart, along with an add-on conditions table and optional alerts. The indicator never places an order; any execution is done by the user.

The backbone of the logic is a 1H trend filter: a volatility-based trailing line drawn on the 1H chart. The line tracks price at a distance that widens when 1H candles get volatile and tightens when they calm down. While price stays on one side of it, the filter keeps one directional bias, and the 15m chart is used for execution timing inside that bias.

Right now the filter reads DOWN, and the 1H trend line sits at $105.09. That line is the flip point: if a 1H candle closes above it, the indicator's trend filter would switch to UP. Until such a close prints, the structure the indicator is working with stays bearish.

The indicator has been in a short position state since Oct 8, 11:00 UTC (10/8 20:00 KST). The most recent event on the chart was an add-on entry (short) at Oct 23, 15:15 UTC (10/24 00:15 KST) near $104.34. An add-on entry is what the indicator marks when price pulls back against the prevailing trend and then resumes in the filter's direction — the chart shows an extra marker in the same direction as the existing position. The opposite marker type is a partial exit, printed when the move extends far enough under the rules; it reduces, rather than closes, the position state on the chart.

The indicator displays on TradingView's free plan. Creating alerts from it requires a paid TradingView plan (Essential or higher). Access is granted on a TradingView username by the operator, usually within one business day, and every backtest and trade is published on the site — futures backtests include fees, funding and slippage.

Key levels on the chart

• $105.09 — Indicator 1H trend line
• $103.89 — 7-day high
• $98.54 — 24h high
• $92.25 — 24h low

Solana ecosystem and official updates

Solana Changelog: October 29, 2026 — Oct 29, 2026. Solana's October 29 engineering changelog reports the Solana CLI decoupling from cargo-build-sbf, the arrival of offchain message signing, and new releases for Agave, Firedancer, Superbank, Solana Kit, and Token-2022. solana.com

Release v4.4.0 — Oct 28, 2026. Anza released Agave v4.4.0, a stable release recommended for general adoption on Mainnet, also recommended for Testnet and Devnet, including vote account encoding fixes. Anza Agave (GitHub)

Firedancer Mainnet Release v26.10.5 — Oct 27, 2026. Firedancer shipped mainnet-ready release v26.10.5, improving snapshot download peer selection, block packing performance, and voting validator connection reliability, plus a fix for a rare epoch-boundary crash. Firedancer (GitHub)

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

What to watch next

The simplest marker on the chart today is the trend line at $105.09. If a 1H candle closes above it, the indicator's trend filter would flip from DOWN to UP; as long as closes stay beneath it, the filter stays as it is and the indicator remains in a short position state.

Between spot price and that line sit two reference points: the 24h high at $98.54 and the 7-day high at $103.89. A push back through $98.54 would put the week's upper boundary at $103.89 back into view on the chart, while $105.09 would still sit above it as the filter's flip level.

On the other side, $92.25 is doing double duty as both the 24h low and the 7-day low. A 1H close below it would mean the weekly base has given way, and the indicator would be running its short state into fresh range territory. If price keeps oscillating between $92.25 and $98.54, the chart stays in the same congestion it has traded in since the latest add-on marker printed, and no new flip condition is met.

Note also the funding reading of -0.0093%: a negative figure persisting while the trend filter is DOWN is a context detail some chart readers track alongside the $847M open interest total, not an indicator input.