Will Solana dip to $90 in October?

Analysis

Solana last traded at 108.31 USD on Coinbase at 21:00 UTC on Oct. 12, which leaves it roughly $18 above the $90 line that a Binance one-minute low would have to touch. This forecast leans toward that dip not happening. The tape has been shaky, and that matters. SOL fell 10.25% over the trading week before a modest bounce over the weekend, and US spot Solana ETFs lost $24.8 million in the week ending Oct. 9. That was their largest weekly outflow since launch and it ended 14 straight inflow weeks. A reported bear flag on the three-day chart has one analyst flagging a break below $85 to $90 as the trigger for a deeper slide. Still, the cushion is real. One snapshot at 3:47 a.m. ET on Oct. 12 had SOL at $112.96, below resistance at $116.03 and its 20-day average of $117.15. It sat above its 50-day average at $109.27, and the 200-day average stood at $86.98. That analysis called $106 and $95 conditional downside scenarios, not confirmed targets. There is also some support on the adoption side. Solana's official upgrade page says the final slot-time reduction went live Oct. 9, and Samsung Wallet's USDC transfers are scheduled for the last week of October. The window runs through the last day of October, so a sharp wick is possible. The thing to watch is the $107.71 to $110.33 support zone. A clean break there would put the $95 scenario in play.