๐ $SOL TECHNICAL ANALYSIS โ SOLANA ATTEMPTS TO REBUILD SUPPORT ABOVE $89
BINANCE SPOT | NOVEMBER 7, 2026
Price: $89.95 24H Change: +0.784% ๐ข 24H High: $91.62 24H Low: $88.94
๐ MARKET STRUCTURE
Solana is attempting to stabilize after its recent decline from the $98 region.
The latest completed 4-hour candle closed at $90.06. SOL remains below its 4H EMA20 near $91.75, while RSI(14) around 39.2 indicates weak momentum and continued selling pressure.
The recent recovery has yet to establish a higher-timeframe bullish reversal.
๐น KEY SUPPORT
โข $89.65โ$89.76 โ Immediate support โข $88.94 โ Critical 24H support โข $88.30 โ Secondary structural support
๐น KEY RESISTANCE
โข $90.67โ$90.72 โ Immediate resistance โข $91.62 โ Major 24H resistance โข $91.75 โ 4H EMA20 resistance
๐ BULLISH SCENARIO
A sustained 4-hour close above $91.62โ$91.75 could improve recovery momentum and potentially open a move toward $93.00.
Reclaiming the EMA20 would provide stronger bullish confirmation.
๐ BEARISH SCENARIO
Failure to defend $89.65 could expose $88.94. A confirmed breakdown below $88.30 would increase the possibility of another downward extension.
๐ TECHNICAL CONCLUSION
OUTLOOK: BEARISH โ STABILIZATION ATTEMPT
Decisive range: $88.94โ$91.75.
SOL is attempting to establish a short-term base, but remains below its EMA20. A sustained breakout above $91.75 is necessary to improve the technical outlook.
$BTC $NEAR
#TripsSam #SOL #Solana #TechnicalAnalysis #BinanceSquare
BINANCE SPOT | NOVEMBER 7, 2026
Price: $89.95 24H Change: +0.784% ๐ข 24H High: $91.62 24H Low: $88.94
๐ MARKET STRUCTURE
Solana is attempting to stabilize after its recent decline from the $98 region.
The latest completed 4-hour candle closed at $90.06. SOL remains below its 4H EMA20 near $91.75, while RSI(14) around 39.2 indicates weak momentum and continued selling pressure.
The recent recovery has yet to establish a higher-timeframe bullish reversal.
๐น KEY SUPPORT
โข $89.65โ$89.76 โ Immediate support โข $88.94 โ Critical 24H support โข $88.30 โ Secondary structural support
๐น KEY RESISTANCE
โข $90.67โ$90.72 โ Immediate resistance โข $91.62 โ Major 24H resistance โข $91.75 โ 4H EMA20 resistance
๐ BULLISH SCENARIO
A sustained 4-hour close above $91.62โ$91.75 could improve recovery momentum and potentially open a move toward $93.00.
Reclaiming the EMA20 would provide stronger bullish confirmation.
๐ BEARISH SCENARIO
Failure to defend $89.65 could expose $88.94. A confirmed breakdown below $88.30 would increase the possibility of another downward extension.
๐ TECHNICAL CONCLUSION
OUTLOOK: BEARISH โ STABILIZATION ATTEMPT
Decisive range: $88.94โ$91.75.
SOL is attempting to establish a short-term base, but remains below its EMA20. A sustained breakout above $91.75 is necessary to improve the technical outlook.
$BTC $NEAR
#TripsSam #SOL #Solana #TechnicalAnalysis #BinanceSquare