AnswersPublished23 sources
Solana’s 6.5% Drop Brought SOL to Its 200-Day Moving Average
Solana fell about 6.5% on Nov. 5, 2026, and briefly traded below a reported $88.93 200 day moving average before later snapshots put it back above the line.
Published byEdited with GPT-6 LunaImages generated with GPT Image 2
Research answer
Key takeaways
- Solana fell about 6.5% on Nov. 5, 2026, and briefly traded below a reported $88.93 200 day moving average before later snapshots put it back above the line.
- A broader selloff coincided with about $1.08 billion in crypto liquidations, most of them from long positions, as Bitcoin fell below $76,000.
- Solana DEX volume rose in one report despite falling prices, but higher trading volume alone does not show that buyers were accumulating SOL.
AI Prompt
openai.comCreate a landscape editorial hero image for this Studio Global article: How did Solana’s roughly 6.5% decline on Thursday, November 5, place SOL near its 200-day moving average, including CryptoTicker’s $88.93 es. Article summary: SOL’s November 5 decline appears to have been a test of long-term technical support during a broader, Nasdaq-linked liquidation selloff—not evidence that Solana’s blockchain activity had collapsed. The available reports . Topic tags: general, general web. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts with fake numbers, clic
Solana’s roughly 6.5% decline on Nov. 5 brought SOL close to its reported 200-day moving average at $88.93. The available snapshots show a brief dip below that level and later prices above it. At the same time, a wider crypto selloff and heavy liquidations put pressure on the token. The evidence supports a test of technical support, but not a firm conclusion that the level failed or that network activity collapsed. 4
7
15
SOL tested the $88.93 level, but snapshots differ
CryptoTicker reported a daily low of $88.83 against a 200-day moving average of $88.93—just below the line. A separate evening snapshot put SOL at $89.19, about 0.3% above that average. Another report cited SOL at $89.47, roughly 0.6% above it. These are readings from different snapshots, so they should not be treated as one simultaneous price. 4
7
33
EconoTimes’ listing described SOL as 37 cents above the previous day’s 200-day average. Its available excerpt does not confirm the precise 6.43% decline or the 19:31 UTC price cited elsewhere. 8
Daily historical listings put SOL’s Nov. 5 close at $89.14 on CoinMarketCap and $89.324 on Investing.com. Those figures are close to one another, but the sources do not provide a single synchronized price-and-moving-average reading for the close. CryptoTicker described Nov. 5 as the first test of the 200-day line since August; the available material does not establish the more specific claim that there had been no daily close below it since Aug. 21. 4
13
15
Liquidations amplified the broader selloff
The market-wide move was part of a sharp risk-off session. Reports put crypto liquidations at about $1.08 billion over 24 hours, with roughly 88.2% attributed to long positions. Bitcoin fell through the mid-$75,000s, while reporting linked the pressure to a selloff in Nasdaq chip and AI stocks. 17
18
24
SOL-specific snapshots also showed far more long than short liquidations: TokenPost reported $11.88 million in longs versus $530,000 in shorts across three exchanges in one period, while another listing reported $8.94 million versus $20,000 in a separate hour. A further TokenPost snapshot listed $2.1 million in long liquidations and $40,000 in shorts for a one-hour period. 1
28
32
These are separate time-window readings, not amounts that can safely be added together. They point to forced exits by leveraged bullish traders, but they do not prove that liquidations alone caused SOL’s entire decline.
Why DEX volume can rise while SOL falls
CryptoTicker reported $2.39 billion in Solana DEX volume over 24 hours, up 26.8%. TokenPost’s listing showed a lower daily estimate of $2.115 billion and $11.388 billion over seven days. The available excerpts do not explain the difference, so the totals should be treated as separate estimates rather than reconciled figures. 1
7
More trading does not necessarily mean net buying. DEX volume measures transactions, not whether traders are accumulating SOL; selling, swaps between tokens, and other trading activity can contribute to turnover during a price decline. The reported centralized-exchange liquidations are also distinct from activity on Solana’s decentralized exchanges.
What the data does—and does not—say about support
SOL’s brief move below $88.93 matters as a technical test, but an intraday dip is not the same as a confirmed daily close below a moving average. The cited reports give differing intraday prices and describe the token near or just above the level later in the session. 4
7
13
15
The broader picture is mixed: SOL was under pressure alongside the wider market, while reported DEX activity remained high. A record $71.47 million in weekly U.S. spot Solana ETF outflows for Oct. 26–30 adds evidence of investment-product selling, but it does not settle what happens next to the token price. 17
23
The cautious takeaway is that the $88.93 average was tested during a liquidation-heavy selloff—not that a durable breakdown or bullish reversal was confirmed. DEX volume can show active use of the network, but by itself it cannot establish fresh demand for SOL.
Studio Global AI
Continue your research
This page includes a source-backed answer you can continue inside Studio Global.
People also ask
What is the short answer to "Solana’s 6.5% Drop Brought SOL to Its 200-Day Moving Average"?
Solana fell about 6.5% on Nov. 5, 2026, and briefly traded below a reported $88.93 200 day moving average before later snapshots put it back above the line.
What are the key points to validate first?
Solana fell about 6.5% on Nov. 5, 2026, and briefly traded below a reported $88.93 200 day moving average before later snapshots put it back above the line. A broader selloff coincided with about $1.08 billion in crypto liquidations, most of them from long positions, as Bitcoin fell below $76,000.
What should I do next in practice?
Solana DEX volume rose in one report despite falling prices, but higher trading volume alone does not show that buyers were accumulating SOL.
Sources
cryptoticker.ioSolana Price at $89: First 200-Day Line Test Since August
investing.comSolana Historical Data - Investing.com
tradingnews.comSolana Price Forecast — SOL-USD ($89.47) Drops 6.5% Onto 200-Day Line at $88.93 as ETF Flows Freeze — $84.39 vs $98