Solana Trades at $104.45 Below 20- and 50-Day Moving Averages

Solana (SOL) traded at $104.45 Tuesday, below its 20-day and 50-day simple moving averages, as October scenarios identified a possible $100 support test and a $110 monthly target.

At 8:55 a.m. ET (12:55 UTC) on Oct. 20, SOL was down 0.65% over 24 hours. It traded between $103.60 and $105.40 during that period.

A daily chart reading at 8:44 a.m. ET (12:44 UTC) placed the 20-day simple moving average at $111.00 and the 50-day average at $109.46. Both were above SOL’s price, with $110 between them.

The $100 level is a possible support test in one October scenario. A separate monthly outlook set $110 as a target within a projected range of $97.59 to $119.90. Those forecasts do not establish $100 as a floor or $110 as a ceiling.

An Oct. 19 chart reading also placed SOL below its 20-day and 50-day averages. That reading used exponential moving averages, which are calculated differently from the simple moving averages in the Oct. 20 snapshot.