📊 SOL/USDT Technical Analysis | Nov 4, 2026
After a sharp multi-week selloff, Solana is flashing early signs of a momentum reversal.
🔹 Price: $95.82
🔹 RSI(14): 30.84 — rebounding from deeply oversold levels (RSI bottomed near 18 earlier this week)
🔹 MACD(12,26,9): Still bearish with line at -4.69 below signal at -4.45, but the histogram has been tightening for 3 consecutive sessions (-0.56 → -0.52 → -0.24), signaling decelerating downside momentum.
📌 Bullish Divergence Signal:
Price printed its swing low around $91.98 while RSI was carving a higher low on the bounce — a classic bullish divergence setup. This doesn't guarantee a reversal, but it does suggest sellers are losing conviction.
📌 Support / Resistance:
• Key support: $89.86 (20-day range low — must hold)
• Near resistance: $103.85 (10-day high)
• Extended resistance: $109.20 (20-day high)
📌 Outlook:
SOL is in a recovery attempt zone. A daily close back above $100 with RSI clearing 40 would confirm early trend reversal. Failure to hold $89.86 reopens downside. Watch MACD histogram for a cross into positive territory as the confirmation signal.
Risk/reward favors cautious accumulation near current levels for those with a medium-term horizon, but patience is key — wait for confirmation before sizing up.
#Solana #SOL #CryptoTrading #TechnicalAnalysis #Binance
After a sharp multi-week selloff, Solana is flashing early signs of a momentum reversal.
🔹 Price: $95.82
🔹 RSI(14): 30.84 — rebounding from deeply oversold levels (RSI bottomed near 18 earlier this week)
🔹 MACD(12,26,9): Still bearish with line at -4.69 below signal at -4.45, but the histogram has been tightening for 3 consecutive sessions (-0.56 → -0.52 → -0.24), signaling decelerating downside momentum.
📌 Bullish Divergence Signal:
Price printed its swing low around $91.98 while RSI was carving a higher low on the bounce — a classic bullish divergence setup. This doesn't guarantee a reversal, but it does suggest sellers are losing conviction.
📌 Support / Resistance:
• Key support: $89.86 (20-day range low — must hold)
• Near resistance: $103.85 (10-day high)
• Extended resistance: $109.20 (20-day high)
📌 Outlook:
SOL is in a recovery attempt zone. A daily close back above $100 with RSI clearing 40 would confirm early trend reversal. Failure to hold $89.86 reopens downside. Watch MACD histogram for a cross into positive territory as the confirmation signal.
Risk/reward favors cautious accumulation near current levels for those with a medium-term horizon, but patience is key — wait for confirmation before sizing up.
#Solana #SOL #CryptoTrading #TechnicalAnalysis #Binance