Solana (SOL) saw a 2% rise on Friday, trading at $139.7 as Bitcoin holds above $60,000. After a sharp 17.72% drop from $161.78 to $133, the price retests the 200-day EMA, potentially renewing selling pressure.

SOL’s price could drop 14% in October, testing $120 support. However, historical data shows that retesting the flag pattern support has led to an average 60% surge. Additionally, Solana’s Total Value Locked (TVL) has risen to $5.12 billion, indicating growing investor confidence.

The recent introduction of the SOL/SGD trading pair on Upbit could boost liquidity and adoption in Singapore, potentially driving a rebound and challenging the $180 resistance.