$SOL Network Activity Is Growing, But the Price Still Needs Buyers đ
Iâm watching Solana for one important reason: the ecosystem continues expanding even while investment flows are putting pressure on SOLâs price. That disconnect could create an opportunity but only if buyers start confirming it on the chart.
SOL is trading around $109, while Solanaâs DeFi total value locked stands near $6.04 billion. Daily DEX trading volume recently reached approximately $2.22 billion, showing that activity across the ecosystem remains substantial.
Thereâs another development worth watching: Samsung Wallet is preparing to support USDC cross-border transfers on Solana across 82 million US Galaxy devices, with rollout expected to begin in late October. If adoption follows, that could strengthen Solanaâs payments narrative over time.
But thereâs a catch. US spot Solana ETFs recorded approximately $33.2 million in net outflows over five sessions through October 20. Real network usage is encouraging, yet it doesnât automatically translate into immediate buying pressure for SOL.
My $SOL trading plan:
đą Bullish confirmation: SOL reclaims $110â$112 and holds the breakout with stronger volume. That could open a move toward $116.
đŽ Bearish confirmation: Price loses $106 and fails to recover it. That would weaken the setup and bring $102 into focus.
These are conditional trading zones, not guaranteed targets.
My read: Solana has a genuine adoption story developing, but I want to see capital flows improve alongside price action.
The strongest setup is when network growth and market demand finally move in the same direction.
Iâm watching Solana for one important reason: the ecosystem continues expanding even while investment flows are putting pressure on SOLâs price. That disconnect could create an opportunity but only if buyers start confirming it on the chart.
SOL is trading around $109, while Solanaâs DeFi total value locked stands near $6.04 billion. Daily DEX trading volume recently reached approximately $2.22 billion, showing that activity across the ecosystem remains substantial.
Thereâs another development worth watching: Samsung Wallet is preparing to support USDC cross-border transfers on Solana across 82 million US Galaxy devices, with rollout expected to begin in late October. If adoption follows, that could strengthen Solanaâs payments narrative over time.
But thereâs a catch. US spot Solana ETFs recorded approximately $33.2 million in net outflows over five sessions through October 20. Real network usage is encouraging, yet it doesnât automatically translate into immediate buying pressure for SOL.
My $SOL trading plan:
đą Bullish confirmation: SOL reclaims $110â$112 and holds the breakout with stronger volume. That could open a move toward $116.
đŽ Bearish confirmation: Price loses $106 and fails to recover it. That would weaken the setup and bring $102 into focus.
These are conditional trading zones, not guaranteed targets.
My read: Solana has a genuine adoption story developing, but I want to see capital flows improve alongside price action.
The strongest setup is when network growth and market demand finally move in the same direction.