BTC falling below $70,000 was bad enough, but SOL has fallen even harder 📉
Down 36% in five weeks, and it failed to hold the $80 level today.
SOL hit a low of $77.92 this morning and is currently around $79.57, its lowest level since mid-August. From its October high of $124.80, it has fallen 36% in five weeks.
The 200-day moving average is $88.98, 10.6% above the current price. The 0.618 retracement level at $84.72 has been breached; the next support is the 0.786 retracement at $73.82, just 7.2% lower.
The RSI is 20.46, indicating oversold conditions. $10.27 million in SOL long positions were liquidated in just one hour.
My take: SOL isn’t being dragged down by the broader market this time—it’s falling faster than the market. Each support level has held for less time than the last over the past five weeks. $100, the 200-day moving average, and $84.72 have all failed to hold. Oversold conditions have appeared several times, but there hasn’t been a single rebound. Until SOL reclaims $84.72, the structure remains bearish after the breakdown. The key level to watch is $73.82: that’s the 75% retracement of the rally from June to October, as well as a major price-concentration zone from July to mid-August. Holding there could offer some breathing room; if it fails, the next level is $59.94. If tonight’s 21:30 PPI comes in hotter than expected again, the pressure will only intensify. $SOL
Data as of: 2026-11-13 11:00 UTC
For informational purposes only; this does not constitute investment advice.
Down 36% in five weeks, and it failed to hold the $80 level today.
SOL hit a low of $77.92 this morning and is currently around $79.57, its lowest level since mid-August. From its October high of $124.80, it has fallen 36% in five weeks.
The 200-day moving average is $88.98, 10.6% above the current price. The 0.618 retracement level at $84.72 has been breached; the next support is the 0.786 retracement at $73.82, just 7.2% lower.
The RSI is 20.46, indicating oversold conditions. $10.27 million in SOL long positions were liquidated in just one hour.
My take: SOL isn’t being dragged down by the broader market this time—it’s falling faster than the market. Each support level has held for less time than the last over the past five weeks. $100, the 200-day moving average, and $84.72 have all failed to hold. Oversold conditions have appeared several times, but there hasn’t been a single rebound. Until SOL reclaims $84.72, the structure remains bearish after the breakdown. The key level to watch is $73.82: that’s the 75% retracement of the rally from June to October, as well as a major price-concentration zone from July to mid-August. Holding there could offer some breathing room; if it fails, the next level is $59.94. If tonight’s 21:30 PPI comes in hotter than expected again, the pressure will only intensify. $SOL
Data as of: 2026-11-13 11:00 UTC
For informational purposes only; this does not constitute investment advice.
