Overview

• SOL traded around $200.55 on Oct. 14 after rebounding from last week’s $178 low and remains about 14% lower over the past seven days.
• On-chain data from Hyperliquid and Arkham showed large wallets accumulating between $180 and $200 as spot and decentralized exchange activity accelerated.
• CoinGlass tracked nearly $3.5 billion in 24-hour spot volume, and DefiLlama showed Solana edging Ethereum in daily DEX volume at $5.84 billion.
• Institutional participation increased with CME reporting more than 540,000 CFTC-regulated SOL options contracts since March, totaling over $22.3 billion notional.
• Near-term technicals show SOL above the 100-hour simple moving average with support near $199 and resistance at $208 and $218 before a pivotal $235 test that, if rejected, points to downside levels around $155 to $130.