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Solana (SOL) struggles to break $120 resistance amid mixed momentum signals and strong ETF inflows.

Technical Signals
01 Oct 2026
Crypto Daily
View Source
Neutral
Solana (SOL) struggles to break $120 resistance amid mixed momentum signals and strong ETF inflows.

Solana (SOL) price dropped below $120 to $119.17 on October 1 after failing multiple times to close above the $120.91 resistance level. Despite strong demand evidenced by a record $188 million inflow into U.S. spot Solana ETFs in late September, technical indicators show mixed signals: bullish trends with stalled momentum. Key support is at $116.58, with resistance at $120.91 and higher levels at $123.47 and $128.88. SOL must reclaim and close above $120.91 to confirm a bullish continuation, while failure to hold support could lead to further declines. Recent network upgrades and rising DeFi activity add positive context but do not guarantee immediate price gains.

Solana (SOL) is trading at Rp2.114.248 on Pluang as of October 1, 2026, 19:47 WIB, showing a 1-day decline of 2.46%. The market cap stands at Rp1.242,34 trillion with a 24-hour trading volume of Rp72,55 trillion. Despite the recent price drop below $120 mentioned in the article, Pluang data shows a nearly balanced order activity with 52% Buy and 48% Sell, and investors typically hold SOL for about 70 days, indicating steady engagement on the platform.

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