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Solana (SOL) drops 9.34% ahead of October 21 Alpenglow upgrade amid ETF outflows and weak technicals

Technical Signals
14 Oct 2026
Crypto news
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Bearish
Solana (SOL) drops 9.34% ahead of October 21 Alpenglow upgrade amid ETF outflows and weak technicals

Solana (SOL) has declined 9.34% over the past week to around $107 as it faces seven consecutive days of ETF outflows and weakening technical indicators. The drop comes ahead of the blockchain's major Alpenglow upgrade scheduled for October 21, which aims to reduce transaction finality from 12.8 seconds to 150 milliseconds. Despite the upgrade anticipation, SOL remains below key resistance levels near $110 and $115, with immediate support around $105 and potential downside risks to $100 or lower if selling continues. Analysts suggest a possible recovery to $125 or $150 if bullish signals emerge after a potential dip to the $96–$103 demand zone. Institutional interest has waned recently, but the upgrade could influence future price and network activity.

Solana trades at Rp1.921.436 on Pluang as of Oct 14, 2026 14:21 WIB, showing a 0.97% decline in the last day. Despite the upcoming Alpenglow upgrade mentioned in the news, Pluang data reveals a balanced market sentiment with 42% of orders to sell and 58% to buy, and a typical holding period of 71 days. The market cap stands at Rp1.129,87 trillion with a 24-hour trading volume of Rp48,92 trillion, indicating active investor participation around this price level.

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