$SOL After two consecutive days hovering around $100 without breaking below it, the outlook leans bullish: price is consolidating, while money is flowing on-chain. This looks more like a buildup ahead of the Fed meeting than a weakening trend.

SOL is currently around $100.4 on OKX, essentially flat over the past 24 hours (about −0.1%), with a high and low of approximately $102.7 and $99.9. It briefly dipped below the $100 level intraday but quickly recovered. Over the same period, BTC, ETH, and BNB rose modestly by around 0.4%–0.6%, while SOL slightly lagged. The Fear & Greed Index is around 48 (neutral).

On-chain activity and capital flows: After 10/25, Circle minted approximately 250 million more USDC on Solana on 10/27, bringing the two-day total to around 500 million. DefiLlama shows Solana DEX volume at approximately $1.72 billion over the past 24 hours, up around 18% from the previous day, while DeFi TVL stands at approximately $5.71 billion. U.S. spot SOL ETFs saw combined net outflows of approximately $8.2 million on 10/26 (Farside), suggesting institutions remain cautious. In the ecosystem, the Solflare wallet launched on-chain USDC yield supported by Kamino, while Backpack integrated its tokenized Solana-based U.S. stocks with CircuitAI’s automated portfolio rebalancing.

In the short term, let’s first see whether 100 can continue to hold. The 103–105 range above is the first resistance. Do you think the scenario where stablecoins enter first and prices later catch up will play out, or do we need to wait for the FOMC outcome before choosing a direction?

$SOL

The above is only my personal observation and does not constitute investment advice.