SOL now: $81.6–$83.6
Down 4.2% today, 9.4% in 7 days, 23% this month, and 33% from the September peak of $124.
Market cap: $48.9 billion, ranked 7th.
Volume: $2.6–3 billion.
All-time high: $293.31 on January 19, 2025, meaning it’s down 72% from its peak.
Why is SOL down? 4 reasons:
1. China shut it down:
On November 6, the People’s Bank of China halted the Solana Accelerate event in Shanghai before it began. They said its promotion amounted to advertising cryptocurrencies, which is banned in China. SOL and its USDT are also covered by the February 2026 regulations that ban crypto in China.
2. ETF outflows:
U.S. spot SOL funds have seen 5 consecutive days of outflows, totaling $53.3 million. On November 11 alone, $5.9 million flowed out.
The average ETF entry price is $115.51, meaning everyone who entered through an ETF is currently at a loss.
3. Whales are selling:
Wallet 2MdNva transferred 299,838 SOL, worth $26 million, to Binance and OKX over 16 hours.
Pump.fun sold another 76,111 SOL and transferred it to Kraken.
On October 31, 2 wallets transferred 1,159,856 SOL, worth $111 million, to Coinbase Institutional.
4. The whole market is down:
U.S. inflation came in hot, the Fed is going to raise interest rates, and BTC fell to $71,000. SOL is following BTC.
But SOL’s fundamental news is the strongest it has ever been:
1. October was a record-breaking month:
Alpenglow launched on Mainnet on November 6, replacing TowerBFT. Finality is now 150 milliseconds, down from 12.8 seconds. That’s 85 times faster.
On October 9, SIMD-0525 reduced block time from 400 milliseconds to 200 milliseconds.
Tokenized real-world assets (RWA) on SOL reached $5 billion, a record high.
The network processed 106 million transactions in 24 hours, and 93 million transactions on November 11, with 2.71 million active addresses.
In a single week in 2026, SOL’s number of trades surpassed the New York Stock Exchange (NYSE).
2. DTCC is coming to SOL in 2027:
DTCC, the largest clearinghouse in the U.S., will bring its tokenization service to Solana in the second half of 2027. It will tokenize Russell 1000 stocks, major ETFs, and U.S. Treasury securities, with full regulatory protection.
3. Samsung Wallet:
On November 5, Samsung Wallet began supporting USDC on Solana. This means Galaxy users in the U.S. can buy, sell, and send USDC on SOL.
4. Helius Privacy Rings:
On November 10, Helius announced Solana Privacy Rings, a permissionless privacy protocol.
5. Forward Industries:
Forward Industries holds 8,727,694 SOL, meaning it has around $700 million worth of SOL in reserve.
6. Solana Company:
Solana Company reported Q3 revenue of $3.4 million, up 5x from $697,000 last year. It also holds 2.4 million SOL.
Technical analysis:
SOL broke below the uptrend that had been in place since June, when it was at $60 before rising to $124. It also broke below the 200-day moving average on November 8 at $88.99, and has remained below it.
RSI: 23.7–26.8, meaning it is deeply oversold—the lowest level in 3 months. This means sellers are exhausted.
But there is a positive divergence: the price is making lower lows, while the RSI is rising. This means a bounce may be near.
Support: $81.25 is the first support, followed by $77–$82, the June and July zone. If that breaks, it will head to $70.58, the August low, and then $67–$70.
Resistance: $85.68, followed by $88.99, the 200-day moving average, and then $90–$98. It needs to get back above $91.52 to recover. The target is $100, which is 18% above the current price.
2–3 day forecast: It will stay between $72.36 and $90.45.
My conclusion:
SOL is like BTC: its technology is at its strongest point in history, but the price is down because the market is fearful, China is closed, and ETFs are seeing outflows.
That’s the difference between SOL and SXT: SOL has real-world utility, 100 million transactions a day, and DTCC and Samsung are coming to it.
If you bought SOL at $120, don’t sell now at $81, because the RSI is at 23, meaning it’s near the bottom, and a bounce to $90–$95 is coming.
If you want to buy more, this is a good buying zone: $80–$82, stop#sol板块 $SOL below $77, and a $100 target$SOL
