SOL update (Nov 6, 2026)
Been watching SOL grind lower all week. It’s sitting right around $89–90 after the recent dump, basically testing that rising trendline support from the summer lows and hovering near the 200-day. Daily RSI is deep oversold (~29–30), which usually means we’re in washout territory after a stretch of lower highs and lower lows. On-chain activity is still solid and the network upgrades/Samsung Wallet USDC news are there, but ETF outflows + broader risk-off vibes are keeping the pressure on. Feels like a make-or-break zone.
Trade setup I’m watching:
Long bounce idea: Looking for a hold of ~$88.5–89 and some reclaim of $90.7–91. Entry zone $89–90.5. Stop under $87.5 (below recent lows/support). Targets $93 then $96–98.
Short if it breaks: Clean daily close below $88 opens downside toward $85 then $83. Invalidated on a strong reclaim above ~$91.
Risk is tight either way this market loves fakeouts. Not financial advice, just what the chart is showing me right now. Manage size and don’t chase.
$SOL
Been watching SOL grind lower all week. It’s sitting right around $89–90 after the recent dump, basically testing that rising trendline support from the summer lows and hovering near the 200-day. Daily RSI is deep oversold (~29–30), which usually means we’re in washout territory after a stretch of lower highs and lower lows. On-chain activity is still solid and the network upgrades/Samsung Wallet USDC news are there, but ETF outflows + broader risk-off vibes are keeping the pressure on. Feels like a make-or-break zone.
Trade setup I’m watching:
Long bounce idea: Looking for a hold of ~$88.5–89 and some reclaim of $90.7–91. Entry zone $89–90.5. Stop under $87.5 (below recent lows/support). Targets $93 then $96–98.
Short if it breaks: Clean daily close below $88 opens downside toward $85 then $83. Invalidated on a strong reclaim above ~$91.
Risk is tight either way this market loves fakeouts. Not financial advice, just what the chart is showing me right now. Manage size and don’t chase.
$SOL
