SOL Chart Note - Nov 2: Trend Filter Down Below $100.01

Solana opens Monday morning in the lower half of its weekly range, with price pressing toward the bottom of the last seven days of trade. The Pullwave CYH Pullback Strategy still reads the higher-timeframe picture as down, and its trend line sits well above spot. Here is how the chart looks on November 2 (KST).

Market snapshot

SOL USDⓈ-margined perpetual futures (SOLUSDT.P) last printed $94.04, a 24h change of -1.38%. The intraday band has been narrow: a 24h high of $95.95 against a 24h low of $93.13. Zooming out to the week, the 7-day high is $103.89 and the 7-day low is $92.25, so today's price sits much closer to the lower edge of that weekly envelope than the upper one.

Positioning data shows the latest funding rate at 0.0100% and open interest at 9,101,243 SOL, roughly $856M, up +3.14% over the past 24 hours. Open interest building while price drifts lower simply means more contracts are open than yesterday; it is a context number, not a signal by itself.

What the Pullwave indicator shows

The Pullwave CYH Pullback Strategy runs on fixed price-and-volume rules — there is no machine learning or discretion involved. Its backbone is a 1H trend filter: a volatility-based trailing line plotted on the one-hour chart. When price trades on one side of that line, the filter holds a direction; when a 1H candle closes through it, the filter flips. Execution then happens on the 15-minute chart, inside whichever direction the filter allows.

Right now the 1H trend filter reads DOWN, and the trend line sits at $100.01. That is the level the strategy watches: a 1H close above $100.01 would flip the trend filter to UP.

The indicator's position state has been short since Oct 8, 11:00 UTC (10/8 20:00 KST). Since then it has stayed on that side of the market because the filter never flipped.

The most recent chart event was an add-on entry (short) printed at Oct 31, 20:00 UTC (11/1 05:00 KST) near $95.78. An add-on entry is what the strategy marks when price pulls back against the prevailing trend and then resumes in the filter's direction — the indicator plots a second marker on the chart and updates its add-on conditions table. A partial exit, the other kind of marker you will see, appears when a move extends far enough that the rules call for reducing exposure; the position marker stays on the chart while the strategy continues to track the rest.

Everything the indicator does is drawn: entries, add-ons and exits appear as labels, and alerts can be configured so you see them without staring at the screen. The user places any orders themselves — the script never touches an order book.

Key levels on the chart

• $103.89 — 7-day high
• $100.01 — Indicator 1H trend line
• $95.95 — 24h high
• $93.13 — 24h low
• $92.25 — 7-day low

These five prices frame the whole picture: two weekly extremes, two daily extremes, and the indicator's own flip level sitting between them.

Solana ecosystem and official updates

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

Release v4.4.0 — 2026-10-28. Anza released Agave v4.4.0, a stable release recommended for general adoption, and also recommended for Testnet and Devnet. Anza Agave (GitHub)

Firedancer Mainnet Release v26.10.5 — 2026-10-27. Firedancer shipped Mainnet Release v26.10.5, a mainnet-ready update improving snapshot peer selection, block packing performance, and voting validator connection reliability, and fixing a rare epoch-boundary crash. Firedancer (GitHub)

Solana Changelog: October 29, 2026 — 2026-10-29. Solana's CLI is decoupling from cargo-build-sbf as offchain message signing ships, alongside new releases for Agave, Firedancer, Superbank, Solana Kit, and Token-2022. solana.com

Solana Breakpoint 2026 Adds Revolut Chair, Former Prime Minister, Former Chancellor and City Leaders to London Lineup — 2026-10-26. The Solana Foundation announced additional speakers for Breakpoint 2026, taking place 15-17 November at Olympia London, including leaders from Revolut, Westminster, Zelle, DTCC, Mastercard, Backpack, and Bitwise. solana.com

What to watch next

A few conditional observations, framed only around the levels listed above:

• If a 1H candle closes above $100.01, the indicator's trend filter would flip from DOWN to UP, and the 15m execution side would change with it. Until that close happens, the filter stays as it is.
• While price holds under $95.95, the session remains inside the range it has traded for the last 24 hours, and the filter has no reason to change.
• A break of $93.13 would put price below the 24h low, with $92.25 as the next labelled reference from the past seven days.
• On the upside, $103.89 is the 7-day high and sits above the trend line, so reaching it would imply the $100.01 flip condition had already been tested.

The practical takeaway for chart readers: $100.01 is the single number that changes the indicator's state. Everything else on the list is context for where price sits inside its recent range.