SOL Chart Note — Nov 14: Pullwave 1H Trend Filter Stays Down

SOL is starting the day near the lower end of its recent range, with the last price at $77.70 and a 24h change of -4.77%. The Pullwave CYH Pullback Strategy on SOLUSDT.P is still reading its 1H trend filter as DOWN, and the indicator remains in a short state on the chart. Below is a plain walk-through of where price sits, what the indicator is currently drawing, and which levels frame the session.

Market snapshot

SOL USDⓈ-margined perpetual futures (SOLUSDT.P) last printed $77.70, a 24h change of -4.77%. The 24h range runs from a low of $77.13 to a high of $82.38, so the current price is sitting much closer to the bottom of that band than the top. Zooming out to the week, the 7-day high is $90.63 and the 7-day low is $77.55 — meaning the last 24 hours have taken price into the same zone that marks the weekly floor.

On the derivatives side, the latest funding rate is 0.0074% and open interest stands at 9,281,740 SOL (about $721M), down -4.25% over 24 hours. Open interest falling while price falls is simply a note that positions have been closing alongside the move; it is context, not a signal.

What the Pullwave indicator shows

The Pullwave CYH Pullback Strategy works in two layers. The first layer is a 1H trend filter — a volatility-based trailing line plotted on the 1-hour chart. The line tracks price at a distance that widens or narrows with volatility, and whichever side of the line price closes on defines the filter's direction. Right now that filter reads DOWN, and the 1H trend line sits at $86.74. If a 1H candle closed above that line, the trend filter would flip to UP.

The second layer is 15m execution. Inside a trend, price rarely moves in a straight line, so the strategy waits for a pullback against the prevailing direction and then looks for its fixed price-and-volume conditions to line back up. When they do, the indicator may print an add-on entry — an extra entry marker in the same direction as the position it is already tracking. When a move extends, it marks partial exits, meaning it closes out part of the tracked position on the chart rather than all of it at once. All of this is drawn as markers plus an add-on conditions table; the rules are fixed and mechanical, not AI, and any actual orders are placed by the user.

As of this morning, the indicator's position state is short, held since Oct 8, 11:00 UTC. The most recent event it printed was an add-on entry (short) on Oct 31, 20:00 UTC near $95.78. Since then the chart has not produced a new state change, so the short state and the DOWN filter are both still in place.

Key levels on the chart

• $90.63 — 7-day high
• $86.74 — Indicator 1H trend line
• $82.38 — 24h high
• $77.55 — 7-day low
• $77.13 — 24h low

The cluster is lopsided: three levels sit above the last price and two sit just beneath it, which is what you would expect after a day that spent most of its time drifting lower.

Solana ecosystem and official updates

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

DTCC Tokenization Service to Connect with Solana — 2026-11-12. DTCC announced plans to connect its Tokenization Service with Solana in the second half of 2027, enabling eligible DTC-custodied assets to be tokenized onchain while retaining existing investor protections. solana.com

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 on Solana. 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 delegation cache telemetry, and transaction replay performance, and fixing a rare address translation bug during CPI. Firedancer (GitHub)

Solana Breakpoint 2026 Adds Revolut Chair, Former Prime Minister, Former Chancellor and City Leaders to London Lineup — 2026-10-26. Solana Foundation added new speakers — including Revolut's Chair, a former UK Prime Minister, and a former Chancellor — to Breakpoint 2026, taking place November 15–17 at Olympia London. solana.com

What to watch next

The simplest reference point today is the indicator's own line. If a 1H candle closes above $86.74, the trend filter would flip from DOWN to UP; until that happens, the filter stays as it is regardless of intraday swings. Between the current price and that line sit the 24h high at $82.38 and, further out, the 7-day high at $90.63, so any recovery attempt would meet $82.38 well before the trend line comes into question.

On the other side, the 7-day low at $77.55 and the 24h low at $77.13 are stacked tightly beneath the last price of $77.70. A session that trades under both would put price at fresh weekly lows, and the indicator would simply continue reading its fixed conditions on the 15m chart from there — new markers appear only when those conditions are met, not on a schedule.

For now the state is unambiguous to read: 1H trend filter DOWN, trend line at $86.74, indicator in a short state, last event an add-on entry near $95.78 on Oct 31.