📊 $SOL TECHNICAL ANALYSIS — SOLANA REBOUNDS FROM $89.86 BUT REMAINS BELOW $94

BINANCE SPOT | NOVEMBER 4, 2026

Price: $92.34
24H Change: +0.28% 🟢
24H High: $93.93
24H Low: $89.86

📉 MARKET STRUCTURE

Solana is attempting stabilization following its sharp decline toward $89.86.

Price remains below the 4-hour EMA20 near $93.71, while RSI(14) around 36 indicates weak momentum despite the recent rebound.

🔹 KEY SUPPORT

• $90.97 — Immediate support
• $89.86 — Critical support
• $89.00 — Extended downside reference

🔹 KEY RESISTANCE

• $92.56–$92.99 — Immediate resistance
• $93.71 — EMA20 resistance
• $93.93 — Major recovery resistance

📈 BULLISH SCENARIO

A sustained 4-hour close above $92.99 could support recovery toward $93.71–$93.93. Reclaiming this zone would improve short-term momentum.

📉 BEARISH SCENARIO

Failure to defend $90.97 could expose $89.86. A confirmed breakdown below $89.86 would increase downside risk toward $89.

🔎 TECHNICAL CONCLUSION

OUTLOOK: BEARISH — STABILIZATION DEVELOPING

Decisive range: $90.97–$93.93.

SOL is recovering from intraday weakness, but a sustained move above $93.93 is required to strengthen the bullish case.


#TripsSam #SOL #Solana #TechnicalAnalysis #BinanceSquare