SOL/USDT · 1D · 8 Nov 2026
Solana (SOL) price analysis — daily chart
Solana (SOL) is at 89.37 on the 1D chart. The setup is clearly bearish while SOL stays under 126.0: a head and shoulders has completed.
Daily downtrend since Sep 27, falling — the last lower high is 109.2
The read
The setup is clearly bearish while SOL stays under 126.0: a head and shoulders has completed.
Backing it: on the daily chart, each peak and each dip has been lower than the last, the indicators favour the sellers' side and the weekly chart is down.
Price is under the 50-day average (107.8). It is over the 200-day average (89.06).
The last 5 days are down 2.4%, nearly every high lower than the one before.
Price is 18.2% under 109.2, the last lower high, and 1.2% over 88.29, the trend's low.
The first warning would come earlier: a daily close over 91.58, the old low it broke down from, 2.4% away.
What kills the setup: a daily close over 126.0, 29.1% away.
Why
For it: The trend has real strength, with the sellers in control; price is under the average price buyers have paid since the 70.58 low, 101.4, so those buyers are losing money.
Against it: nothing on the chart right now.
If-then
While SOL stays under 126.0 the setup stays bearish; 88.29 is the next line it has to break.
A 1D close above 126.0 ends the head and shoulders; no tested level above it on this chart — the next round number is 150.0.
A 1D close below 88.29 carries the downtrend past its last low; the next level down is 85.25.
Key levels
88.29 is the floor — the trend's low, set Nov 5.
109.2 is where sellers keep showing up: it held 3 of 4 visits.
92.34, the prior week low 3.3% above price: sellers turned price there on 6 of 10 visits — a heavy volume shelf, 1.6× the volume of an average price band on this chart.
The full picture
SOL has been in a downtrend since Sep 27: its lows have stepped down (100.4, then 88.29), and so have its highs (125.0, then 109.2). Price is 1.2% over the trend's low, 88.29 (Nov 5). The last lower high is 109.2 (Oct 21), 18.2% above price; no daily close has gone over it.
The weekly picture: a weekly downtrend, 70% under the all-time high; on the daily, price is above the 200-day average (89.06), and the 50-day average is above the 200-day average. The daily trend goes the same way as the weekly.
Against BTC: over the last 5 daily candles SOL moved -2.4% and BTC -1.2% — SOL is the weaker chart.
Sellers have had the daily since Sep 27: each bounce has been sold lower than the last, and no daily close has cleared a lower high.
The rest of the chart backs the downtrend. The trend has real strength, with the sellers in control. Price is under the average price buyers have paid since the 70.58 low, 101.4, so those buyers are losing money.
Key levels
| Level | Price | From price | Role |
|---|
| Resistance | 109.93 | +23.0% | sr, swing |
| Read ceiling | 109.2 | +22.2% | read edge |
| Swing high | 107.8 | +20.1% | swing, read |
| Fib retracement | 93.22 | +4.3% | fib, sr |
| Prior week low | 92.34 | +3.3% | calendar, hvn |
| Fib retracement | 92.06 | +3.0% | fib, sr |
| Swing high | 91.58 | +2.5% | swing, read |
| Prior day high (not retested) | 90.67 | +1.5% | calendar, swing |
| Resistance | 89.81 | +0.5% | calendar, sr |
Updated 8 Nov 2026. Run a live Solana read →
New to reading charts? Support and resistance · Market structure · How to read a crypto chart
Other markets: Bitcoin · Ethereum · BNB · XRP · Tron · Zcash · Hyperliquid · Monero · Dogecoin · WhiteBIT Coin · LEO Token · Chainlink · Cardano · Stellar · Bitcoin Cash · NEAR · Uniswap · Litecoin · Rain · Canton · Avalanche · Sui · Tether Gold · Gram (prev. Toncoin) · Hedera · Quant · Global Dollar · Ripple USD · Bittensor · Shiba Inu · Cronos · Ondo US Dollar Yield · OKB · Pepe · Circle USYC · Ethena · Aave · Falcon USD · PAX Gold · BlackRock USD Institutional Digital Liquidity Fund · Ondo · Aster · Bitway · Pump.fun · Polkadot · USDD · Sky · Mantle · World Liberty Financial
← Crypto market today · All analysis
Get your alerts on this phoneAdd Sylvo to your home screen — one tap, no app store.