⚡ $SOL Alert: Down 19% in October, Now at a Make-or-Break Zone
SOL is trading near $85.90 today, down about 2.5% in 24h, ranked #7 by market cap. (bybit)
🔥 What's driving it:
💥 $29.6M in SOL was liquidated on Nov 9
📉 US spot Solana ETFs lost $143.71M in October, ending a three-month inflow run
🏦 But institutions are watching: Fidelity called Solana an emerging piece of financial market infrastructure (Latest Solana News - (SOL) Future Outlook, Trends & Market Insights +2)
📊 Levels:
🔴 Resistance: the $85 to $90 zone is capping price short term
🔴 Big level: $98.04, the 200-day average SOL needs to reclaim
🟢 Bounce target if buyers step in: $96 to $98 (Solana Price: SOL Live Price Today +2)
📅 History check: SOL gained in 4 of 6 Novembers since 2020, with a median return of +3.11%. Not a guarantee, but worth knowing. (cryptonews)
💡 My take as a trader: I don't catch falling knives. I wait for SOL to reclaim $90 and hold it. Until then, the trend is not my friend.
Will SOL bounce to $98 or fall further? Comment below 👇
#sol #Solana #Binance #NFA
SOL is trading near $85.90 today, down about 2.5% in 24h, ranked #7 by market cap. (bybit)
🔥 What's driving it:
💥 $29.6M in SOL was liquidated on Nov 9
📉 US spot Solana ETFs lost $143.71M in October, ending a three-month inflow run
🏦 But institutions are watching: Fidelity called Solana an emerging piece of financial market infrastructure (Latest Solana News - (SOL) Future Outlook, Trends & Market Insights +2)
📊 Levels:
🔴 Resistance: the $85 to $90 zone is capping price short term
🔴 Big level: $98.04, the 200-day average SOL needs to reclaim
🟢 Bounce target if buyers step in: $96 to $98 (Solana Price: SOL Live Price Today +2)
📅 History check: SOL gained in 4 of 6 Novembers since 2020, with a median return of +3.11%. Not a guarantee, but worth knowing. (cryptonews)
💡 My take as a trader: I don't catch falling knives. I wait for SOL to reclaim $90 and hold it. Until then, the trend is not my friend.
Will SOL bounce to $98 or fall further? Comment below 👇
#sol #Solana #Binance #NFA
