Solana price faces head-and-shoulders risk despite on-chain growth

Solana (SOL) trades near $106 after a 15% pullback from late-September highs. The daily chart shows a possible head-and-shoulders pattern with a neckline near $100; a close below it could trigger a measured move to $80. Weekly chart shows mixed signals with a potential cup-and-handle pattern targeting $215-$220 if resistance at $125-$130 is breached. ETF inflows have reversed, with net outflows averaging minus 40,000 SOL per day, the deepest reading of 2026. On-chain, tokenized real-world assets on Solana excluding stablecoins have doubled to about $4.4 billion, while individual adoption grows with 1.4 million addresses holding tokenized stocks.