Solana (SOL): daily brief · Nov 7, 2026
Technicals
Price is on the 200-day SMA (~$88.9–89.0). It is below the 100-day ($98.5), 20-day ($100.8) and 50-day ($108.6, falling) MAs. MACD is −4.46 vs a −3.81 signal.
Daily RSI is 32.4, up from ~28 this morning.
Resistance: $95 · $98.5–100.8 · $108.6 · $110
Support: $88.3 · $87 · $85 (daily-close trigger) · $75–80
Fundamentals and on-chain
SOL ETFs: −$25.1M on Nov 6 (BSOL −$14.4M, GSOL −$5.4M). Cumulative inflows are $1.44B.
Stablecoins: Circle minted 250M USDC on Solana late on Nov 6.
Network: the Solana Foundation reports $60B of DEX volume and $5B in real-world assets for October. Alpenglow has been live since Oct 21. Validators had to move to Agave 4.4.1 or Firedancer v26.10.6 by epoch 1079, and no incidents were reported Nov 1–6.
Staking: 74% of supply. No fresh figure found.
Derivatives: futures open interest is $5.42B. Fresh funding, long/short and liquidation not found (the last figure was $37.7M liquidated on Nov 5, mostly longs).
Top news
Circle minted 250M USDC on Solana.
SOL ETFs posted −$25M on Nov 6.
China’s central bank halting Solana’s Shanghai event remains a regulatory overhang.
Breakpoint starts in London on Nov 15. CryptoTicker notes that pre-Breakpoint rallies have shrunk each year (+31.7%, then +5.8%, then +2.1%).
Forecasts
🟢 Bullish: $95–100 if SOL holds the 200-day and closes above $95.
⚪ Base: $87–95, trading on the 200-day SMA into CPI.
🔴 Bearish: $75–80 on a daily close below $85 (CoinGape).
Analysts: Standard Chartered targets $250 by end-2026. Motley Fool’s Leo Sun “would stay away” for now.
Upcoming events
Mon Nov 9, 02:00: weekly close (Community Awards voting also closes Nov 9)
Tue Nov 10, 15:30: US October CPI
Sun–Tue Nov 15–17: Breakpoint 2026, London
The key question: RSI has recovered from oversold to ~32, but will the ~$89 line hold through CPI and into Breakpoint, or does a daily close below $85 open $80?
Market overview, not investment advice.