Solana price has fallen below $90, leaving buyers defending the latest November low while oversold daily momentum offers a possible opening for a rebound.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n TradingView\u2019s Binance SOL\/USDT daily chart showed SOL at $89.47 at 7:22 p.m. UTC on Nov. 5, down 6.42% during the unfinished session after touching $88.76.<\/p>\n The latest decline follows several failed attempts to recover ground lost since late September. As crypto.news previously reported, SOL reached $124.62 on Sept. 27 before falling below $120<\/a>. Compared with that peak, the latest daily chart price represents a decline of approximately 28.2%.<\/p>\n October\u2019s earlier support areas have since given way. SOL was trading near $104.47 on Oct. 16, when the weekly support near $99<\/a> remained beneath price. By Oct. 29, the token had slipped below $100, leaving the September recovery increasingly dependent on lower support levels.<\/p>\n <\/p>\n The daily chart shows a sequence of lower highs and lower lows following the retreat from the $120\u2013$125 region. The latest candle opened at $95.60 and reached $97.10 before sellers pushed SOL beneath $90, erasing the recovery within the same session.<\/p>\n Price is now touching a descending purple trendline drawn beneath the October decline. A rebound from this line would preserve the immediate chart boundary, but the repeated failures above it leave buyers needing to recover recently lost levels.<\/p>\n Daily RSI stood at 28.89, below its moving average of 33.10. The reading puts SOL in oversold territory, creating room for a relief bounce without establishing that the decline has ended. RSI had already spent much of October below its midpoint as successive rallies lost strength.<\/p>\n Aroon showed an equally weak setup, with the declining-trend component at 100 and the rising-trend component at zero. Fresh lows continue to dominate the indicator\u2019s measurement window, reinforcing the downward price structure.<\/p>\n Trader XO described a similar problem in his Solana assessment, pointing to daily bands moving lower without signs of a base and weekly levels becoming resistance.<\/p>\n \u201cWhy fight the trend,\u201d he wrote.<\/p>\n $SOL<\/a><\/p>\n From a swing trading or spot perspective\u2026 <\/p>\n You just dont fade the daily bands into a previous range high particularly when:<\/p>\n 1. The trajectory of the daily bands continues to trend lower with no slow down in momentum \u2013 not even remotely basing out\u2026<\/p>\n 2. It’s rolled over\u2026 https:\/\/t.co\/mmwErYSX1C<\/a> pic.twitter.com\/PP4qL2TxKW<\/a><\/p>\n \u2014 XO (@Trader_XO) November 5, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n An earlier Nov. 5 post from trader RED outlined<\/a> the hurdles facing SOL while it traded around $95\u2013$96. He identified $97\u2013$98 as resistance and said a four-hour close above that zone, followed by a successful retest, would strengthen the case for $100.<\/p>\n \u201cUntil SOL breaks above $98 and holds, I\u2019m treating this as a recovery rather than a confirmed trend reversal,\u201d he wrote.<\/p>\n<\/blockquote>\n His downside levels were $95, followed by $92.50\u2013$93, with $90 coming into focus if the latter area failed. The latest TradingView snapshot shows SOL below both upper support zones and already testing the final level in that sequence.<\/p>\n Reclaiming $92.50\u2013$93 would therefore recover the nearest lost area. A move through $95 would put the failed session rally back within reach, while $98 remains the stronger confirmation threshold in RED\u2019s assessment. From $89.47, reaching $98 would require a gain of approximately 9.5%.<\/p>\n The CoinGlass one-month liquidation heatmap shows nearby overhead concentrations around $92\u2013$97 and $99\u2013$101. Stronger bands sit near $105\u2013$106 and $109\u2013$110, placing further leveraged positions above the immediate recovery hurdles.<\/p>\n\n
Solana\u2019s oversold RSI meets a persistent downtrend<\/h2>\n
![\"Solana](\"https:\/\/media.crypto.news\/2026\/11\/SOLUSDT_2026-11-06_00-52-40.webp\")
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Solana needs to recover $93 before challenging $98<\/h2>\n
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![\"Solana](\"https:\/\/media.crypto.news\/2026\/11\/SOL-Liquidation-Heatmap1-month-2026-11-06_00_53_46.webp\")
![\"Solana](\"https:\/\/media.crypto.news\/2026\/11\/SOLUSDT_2026-11-06_00-53-18.webp\")