đ $SOL TECHNICAL ANALYSIS â SOLANA REMAINS BELOW $91 AS SELLERS DEFEND RECOVERY LEVELS
BINANCE SPOT | NOVEMBER 8, 2026
Price: $89.39 24H Change: â0.656% đŽ 24H High: $90.39 24H Low: $88.73
đ MARKET STRUCTURE
Solana continues to consolidate following its recent decline from the $98 region.
Price remains below the 4-hour EMA20 near $91.03. RSI(14) around 42.4 indicates weak momentum, with sellers retaining a short-term advantage.
The $91 area remains an important recovery threshold.
đč KEY SUPPORT
âą $88.96â$88.83 â Immediate support âą $88.73 â Critical 24H support âą $88.30 â Secondary support
đč KEY RESISTANCE
âą $89.82â$90.39 â Immediate resistance âą $91.03 â 4H EMA20 resistance âą $91.62 â Secondary resistance
đ BULLISH SCENARIO
A sustained 4-hour close above $90.39 could support a recovery toward $91.03.
Reclaiming and holding above the EMA20 would improve the short-term structure and potentially open a move toward $91.62.
đ BEARISH SCENARIO
Failure to defend $88.73 could expose $88.30.
A confirmed breakdown below $88.30 would increase downside risk and invalidate the immediate stabilization scenario.
đ TECHNICAL CONCLUSION
OUTLOOK: BEARISH â STABILIZATION ATTEMPT
Decisive range: $88.73â$91.03.
SOL is attempting to establish a base, but remains below its key short-term trend indicator. A sustained reclaim of $91.03 is necessary to improve the bullish outlook.
$BTC $NEAR
#TripsSam #SOL #Solana #TechnicalAnalysis #BinanceSquare
Source: Binance SOL/USDT Spot
BINANCE SPOT | NOVEMBER 8, 2026
Price: $89.39 24H Change: â0.656% đŽ 24H High: $90.39 24H Low: $88.73
đ MARKET STRUCTURE
Solana continues to consolidate following its recent decline from the $98 region.
Price remains below the 4-hour EMA20 near $91.03. RSI(14) around 42.4 indicates weak momentum, with sellers retaining a short-term advantage.
The $91 area remains an important recovery threshold.
đč KEY SUPPORT
âą $88.96â$88.83 â Immediate support âą $88.73 â Critical 24H support âą $88.30 â Secondary support
đč KEY RESISTANCE
âą $89.82â$90.39 â Immediate resistance âą $91.03 â 4H EMA20 resistance âą $91.62 â Secondary resistance
đ BULLISH SCENARIO
A sustained 4-hour close above $90.39 could support a recovery toward $91.03.
Reclaiming and holding above the EMA20 would improve the short-term structure and potentially open a move toward $91.62.
đ BEARISH SCENARIO
Failure to defend $88.73 could expose $88.30.
A confirmed breakdown below $88.30 would increase downside risk and invalidate the immediate stabilization scenario.
đ TECHNICAL CONCLUSION
OUTLOOK: BEARISH â STABILIZATION ATTEMPT
Decisive range: $88.73â$91.03.
SOL is attempting to establish a base, but remains below its key short-term trend indicator. A sustained reclaim of $91.03 is necessary to improve the bullish outlook.
$BTC $NEAR
#TripsSam #SOL #Solana #TechnicalAnalysis #BinanceSquare
Source: Binance SOL/USDT Spot