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Solana (SOL) Price Today Oct 6, 2026: SOL Holds $120 as Foundation Launches DvP Settlement | Daily Market Update
**Solana Family Daily Briefing — Tuesday, October 6, 2026 (12:30 UTC)** GM, Solana Family! Here's your 24-hour snapshot of SOL and the Solana network. No memecoins, just the platform and the token. ## 📊 SOL Price Snapshot (last 24h) - **SOL/USDT:** $120.20 (24h open $120.70 → **-0.41%**) - **SOL/USDC:** $120.16 (24h open $120.71 → **-0.46%**) - **24h range:** $118.86 – $121.58 - **Global 24h change (CoinGecko):** -0.26% - **Market cap:** ~$70.8B | **24h volume:** ~$2.49B SOL spent the day in a tight ~2% band, dipping to $118.86 before buyers stepped back in and pushed it back above $120. Volume stayed light, which points to consolidation rather than strong selling pressure. ## 📰 Top Solana News **1. Solana Foundation launches Solana DvP (Oct 6)** The Foundation released open-source delivery-versus-payment infrastructure that lets financial institutions settle tokenized assets and cash atomically onchain. This is a core building block for bringing securities settlement to Solana. **2. Tokenization keeps accelerating** SolanaFloor's September Tokenization Roundup shows tokenized equities hitting new milestones, helped by the SEC's innovation exemption that allows tokenized shares to trade on public blockchains. The new MPL-3643 standard for permissioned RWAs and tokenized securities also widens Solana's institutional toolkit. Project Harmonia, which connects Allfunds (€1.9T under administration) to tokenized funds on Solana, is part of the same trend. **3. Stablecoins at an all-time high** Stablecoin supply on Solana reached a record ~$17.4B as Circle and Tether added liquidity. Open USD also went live on Solana with more than $1B in committed liquidity, so businesses can mint and redeem 1:1 with dollars at no cost. **4. DeFi TVL recovery** Solana DeFi TVL is back above $6.5B, up about 38% in two months after the earlier Drift exploit. Q3 data points to tokenization and RWA finance as the main growth drivers. **5. Network performance: faster slots, Alpenglow on testnet** Slot times have dropped from 400ms to 250ms, with measurable on-chain gains. Alpenglow, the biggest consensus upgrade in Solana's history, is on testnet. It replaces TowerBFT and targets ~150ms finality. **6. ETF flows** Solana ETFs had their strongest inflow day of 2026 earlier in the cycle ($86.6M in a single day, $188M in a week). Flows across crypto ETFs have cooled since then, so institutional demand is worth watching this week. ## 📈 Technical Levels - **Support:** $119.90, then $115.30 (20-day EMA) - **Resistance:** $121.60 (today's high), then $124.90, then $130–$134 - Momentum indicators have recovered and the main moving averages are trending higher, but a breakout needs more volume. ## 🔮 Market Sentiment, Next 24h: **Neutral to Mildly Bullish** Fundamentals are improving: DvP, record stablecoin supply, recovering TVL, and Alpenglow progress all support SOL over the medium term. Price action, though, is flat and volume is thin. Our base case is range trading between **$118.50 and $123**. A clean daily close above **$121.60** could open a move toward $124–$125. Losing **$118.80** would likely send SOL back toward the $115 zone. Keep an eye on ETF flow data and broader market moves (BTC) for the next push. *This post is for informational purposes only and is not financial advice. Always DYOR.* Sources: SolanaFloor, Solana.com/news, Cointelegraph, Decrypt, CoinDCX, CoinGecko, OKX & Coinbase market data.