Solana Price Forecast After Samsung Stablecoin Partnership With SOL
Highlights
- Solana price falls 3.35% as bearish momentum threatens key support.
- Samsung plans Solana USDC transfers for eligible American Galaxy users.
- Solana ETFs post $4.8 million outflows, entirely from Bitwise’s BSO
Solana Price fell 3.35% to $113.76 over the past 24 hours as weakness spread across the cryptocurrency market. The Samsung Wallet will launch international USDC transfers on Solana later this month to eligible American users.
The overall value of cryptocurrency markets fell 1.45% to a value of $2.8 trillion as institutional ETF purchases were reversing, further pressuring the market.
Bitcoin price fell to below $83,000, with XRP at less than $1.40 and Ethereum at $2,533.
Samsung Partners With Solana for Global USDC Transfers
The Samsung Wallet application will introduce international transfers of USDC to eligible Galaxy users in the United States. Samsung collaborates with Solana to back the service, which is set to be introduced in the last week of October.
According to the announcement of the companies, the rollout is over 82 million compatible Galaxy devices. Samsung Wallet allows users to send money without having to download cryptocurrency apps.
🚨BREAKING BIG: @Samsung, the world’s largest smartphone maker, partners with @Solana to bring cross border $USDC transfers to Samsung Wallet on 82M Galaxy devices in the U.S., starting from the last week of October. https://t.co/aUVryO6bOX
— SolanaFloor (@SolanaFloor) October 8, 2026
The transfers will also be sent to the appropriate bank accounts in over 60 countries. Local currency can be received by recipients, and additional market development is contingent on regulatory demands.
Will Solana Price Hold $110 Support Level?
The SOL crashed to $113 on October 8 after losing support at $115. The action followed a reversal of a withdrawal out of the $120 zone in which Solana price had been trading in early October.
The fall is after a recovery in September that saw SOL rise out of below $100 toward a high of about $124.
The relative strength index was at 25.63, which indicated weakness in the momentum. That puts the indicator in oversold territory, which traditionally starts below 30.
The Chaikin Money Flow indicator recorded -0.21, which is a negative value, indicating selling pressure over the period measured.
The provided analysis shows that the closest support is the $112, and a strong four-hour close below this level is important. A pause like this would reinforce the bearish view and place $110 as a potential psychological downside target. Further weakness may prolong the trend towards the previous consolidation level at $108.
The first step in a recovery would be to regain $115 and retain that level as the Long-term SOL projection. That would put into focus the next upside target of $120 as the main resistance level.
Solana ETFs Record $4.8 Million in Outflows on October 7
According to SoSoValue, the Solana ETF market experienced net outflows of 4.8 million on October 7. The BSOL of Bitwise included all the withdrawals, whereas the other listed funds had no net flows.
The total net assets were at 1.85 billion, which is equivalent to 2.71 of Solana market capitalization. The total amount of trading was $84.65 million, and net inflows since inception were 1.59 billion. BSOL was the largest listed fund with a value of 1.29 billion.
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Frequently Asked Questions (FAQs)
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