$SOL slips to $89.4, then regains about half
Last 4 hours, Nov 7 14:00 – 17:55 UTC
SOL is at $89.79, down 0.23% from $90.00. High $90.14, low $89.21 (1.04% range). Price held $89.95–$90.11 until ~15:00, slid to $89.37 by 15:45 (the window's heaviest volume), then regained about half of the drop.
📊 Market context
▪ Total crypto market cap -0.17% in 4h, BTC -0.12%. SOL lagged BTC by 0.12 pts.
▪ SOL -6.6% over 7 days, -5.1% this week after three straight weekly declines. It trails BTC by 4.4 pts over 7 days and 10.1 pts over 30 days.
▪ CMC Fear & Greed (daily): 31 (Fear), down from 61 a month ago.
▪ US spot SOL ETFs: $26.3M net outflow last week, nearly all on Friday, five straight negative weeks totaling $165.4M (per The Block).
📈 Volume
▪ 4h volume on Crypto.com ~$0.54M: 0.33x the 7-day average 4h bar ($1.6M, skewed by the Nov 5–6 sell-off) and 0.45x the median ($1.2M). The 15:45 candle was 11% of it.
🔎 Technicals & levels
▪ RSI(14, 5m) 57. On 4h bars RSI is 37.6 and price is below its 20-bar average ($91.85). On daily bars price is below its 20-day ($98.86) and 50-day ($108.16) averages.
▪ Resistance: $90.14 (window high, also the nearest 4h resistance per CMC)
▪ Support: $89.21 (window low), $88.48 (4h bars, per CMC)
🗓 News & Catalysts
▪ Samsung Wallet's USDC account on Solana went live Nov 2 for eligible US Galaxy users (per a Solana Foundation update, via TradingView News).
▪ Next: China CPI/PPI (Nov 9, 01:30 UTC), Fed's Bowman speaks (Nov 9, 13:40 UTC), US CPI (Nov 10, 13:30 UTC).
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