Tuesday, 10 November 2026

Solana Just Hit Its Target. Is the Bottom Close?

In this video: As of November 10, 2026, Solana (SOL) is trading at approximately $85.79, showing a minor daily increase of 0.22% from yesterday’s level, while consolidating below the $90 threshold. Video By More Crypto Online.

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The token is experiencing a prolonged multi-week period of bearish momentum, trading down roughly 19% over the past month and 47% down from its price one year ago. Buy Solana >>



Insights Today

• Fidelity Highlights Network Adoption: Despite sluggish price behavior, network utilization remains incredibly high. A recent weekly market report from Fidelity Digital Assets revealed that Solana's weekly transaction count briefly bypassed the New York Stock Exchange (NYSE) earlier this year. Solana now captures roughly 15% of all major U.S. exchange flow indicators, a dramatic expansion from 0.30% recorded in 2022.

• Short-Term Technical Outlook: Analysts point out that for SOL to signal a definitive recovery before the end of November, it needs to break back above a critical bearish resistance point of $98.04. For now, technical indicators emphasize that maintaining its structural market floor at $91.39 is key to preventing further downside.

• On-Chain Health: Macro drivers like protocol fee generation are beginning to stabilize, mimicking early stages of previous market cycles. This activity continues to be heavily pushed by robust decentralized finance (DeFi) activity and sustained trading volumes on network DEXs.

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