SOL Chart Note — Nov 13: Pullwave Trend Filter Still Down

SOL perpetual futures (SOLUSDT.P) start Friday, November 13 (KST) in the lower half of the week's range, with price sitting closer to the recent floor than to the highs printed seven days ago. The Pullwave CYH Pullback Strategy indicator still reads a downward 1H trend filter, and its trailing trend line remains well above spot. Below is a plain read of where the chart and the indicator stand this morning.

Market snapshot

SOL USDⓈ-margined perpetual futures last traded at $81.66, a 24h change of -1.52%. The session range runs from a 24h low of $80.42 to a 24h high of $83.90, so the last price sits in the lower portion of that band. Looking back further, the 7-day high is $91.58 and the 7-day low is $80.42 — meaning today's low is also the weekly low, and the market is pressing the bottom edge of its seven-day range rather than the top.

Positioning data is quiet. The latest funding rate is 0.0100%, and open interest stands at 9,664,082 SOL (about $789M), up +1.46% over 24 hours. Open interest edging higher while price slips is simply a note that contracts are still being opened around these levels; it is not a signal by itself.

On the network side, status.solana.com reports All Systems Operational, so nothing in the chart picture traces back to chain health today.

What the Pullwave indicator shows

The Pullwave CYH Pullback Strategy works on two timeframes. On the 1H chart it maintains a trend filter — a volatility-based trailing line that sits above price in a downtrend and below price in an uptrend. That line is the reference the indicator uses to decide which direction its 15m execution logic is allowed to work in. Everything is rule-based on price and volume; there is no discretionary element and no AI involved.

As of this morning:

• 1H trend filter: DOWN. The trailing line currently sits at $89.44. A 1H candle closing above that line would flip the filter to UP.
• Indicator position state: SHORT, held since Oct 8, 11:00 UTC (Oct 8, 20:00 KST).
• Latest indicator event: an add-on entry (short) registered at Oct 31, 20:00 UTC (Nov 1, 05:00 KST), near $95.78.

Two terms worth unpacking. An add-on entry is what the indicator prints when price pulls back against the prevailing direction while the 1H trend filter still points the same way — the pullback resolves, and the strategy marks a second entry inside the existing position rather than starting a new one. A partial exit is the opposite housekeeping step: when a move extends, the indicator marks a portion of the position as closed on the chart, leaving the rest to run under the trend filter. Both appear as labelled markers, and an add-on conditions table on the chart shows which criteria are currently met.

The indicator draws these states; it does not place orders. Anyone reading it puts in their own orders, and alerts require a paid TradingView plan, while simply displaying the indicator works on the free tier.

Key levels on the chart

• $91.58 — 7-day high
• $89.44 — Indicator 1H trend line
• $83.90 — 24h high
• $80.42 — 24h low

The stack is worth noting: the trend line at $89.44 sits below the 7-day high of $91.58, so the indicator's flip threshold is inside the week's existing range rather than beyond it.

Solana ecosystem and official updates

Solana Privacy Rings Bring Programmable Privacy Onchain — 2026-11-10. Helius launched Solana Privacy Rings on mainnet, a permissionless privacy protocol offering encrypted balances, private transfers, and programmable privacy for DeFi applications. solana.com

Firedancer Mainnet Release v26.10.8 — 2026-11-11. Firedancer released mainnet-ready version v26.10.8, improving incremental snapshot load performance, stake delegations cache telemetry, transaction replay performance, and fixing a rare address translation bug. Firedancer (GitHub)

Solana Breakpoint 2026 Adds Revolut Chair, Former Prime Minister, Former Chancellor and City Leaders to London Lineup — 2026-10-26. Solana Breakpoint 2026 takes place 15–17 November at Olympia London, with new speakers added including Revolut Chair Martin Gilbert and former UK Prime Minister Boris Johnson. solana.com

What to watch next

A few conditional observations, using only the levels listed above:

• If a 1H candle closes above $89.44, the indicator's trend filter would flip from DOWN to UP, which changes the direction its 15m execution logic is permitted to work in. Until such a close prints, the filter stays DOWN.
• While price holds under $83.90, the 24h high remains the nearest overhead marker from the current session, and the $89.44 trend line stays untested.
• A move back through $80.42 would put price below both the 24h low and the 7-day low, since the two are the same level today.
• $91.58 is the upper boundary of the seven-day range; price would have to clear the trend line at $89.44 before that weekly high comes back into play.

The indicator's state is updated on the chart as each 1H candle closes, so the figures above describe this morning's reading rather than a forecast.