Solana liquidations hit $37.68 million as longs unwound, and daily RSI fell to an oversold 28.89 | That's TradingNEWS
Key Points
- Solana fell 6.5% to $89.47 from a $96.97 high, landing on its 200-day moving average at $88.93.
- Spot Solana ETFs posted zero net flows for four straight sessions after a record $71.47 million weekly outflow.
- Alpenglow cut Solana’s transaction finality from about 12.8 seconds to roughly 150 milliseconds on October 21.
Solana erased its post-election rally on Thursday, November 5, and slid onto the most important line on its chart. SOL-USD traded at $89.47 at 7:22 p.m. UTC, down 6.5% over 24 hours, after opening the day at $95.51 and climbing to an intraday high of $96.97. By Thursday evening the price stood at $89.19. That puts SOL directly on its 200-day moving average at $88.93, a level it has not closed below since August 21, 2026, and which it touched intraday on Thursday for the first time in more than two months.
The move wipes out Wednesday’s gains. Solana climbed 4% to $96 during Wednesday’s relief rally as Democrats swept Congress, oil crashed 8% and a short squeeze lifted every major crypto asset. Thursday reversed all of it once U.S. tech stocks broke. At $89.90 earlier in the U.S. afternoon, Solana’s market capitalization stood at $53.04 billion, with a fully diluted valuation of $57.24 billion on a circulating supply of roughly 590.3 million SOL. Spot trading volume reached $4.43 billion over 24 hours.
The longer view is grim. SOL traded at $99.97 a week ago, so it has lost 10.5% in seven days. It is down 19.87% over 30 days. It sits 69.5% below its all-time high of $293.31. The spot Solana ETFs that launched a year ago on October 28, 2025, have taken in about $1.59 billion in their first year while the underlying price fell roughly 38% over the same window.
The broader tape set the direction. Bitcoin fell 4.97% to $76,306, ether dropped 6.2% to $2,272 and XRP lost 5.8%. Total crypto liquidations hit $718.5 million over 24 hours. The Nasdaq Composite fell 4.3% into correction and the semiconductor index collapsed 11%, pulling every risk asset lower.
The thesis for this forecast is direct. Solana’s technology has never looked better, and its token has rarely looked weaker. The network activated Alpenglow on October 21, cutting finality from about 12.8 seconds to roughly 150 milliseconds. It passed 1,000 consecutive days without a halt. It led all chains in decentralized exchange volume for a 15th straight month. Yet U.S. spot Solana ETFs have posted zero net flows for four straight sessions after a record weekly outflow, network revenue collapsed 87.1% in the first half of 2026, and daily momentum is oversold at an RSI of 28.89. The 200-day line at $88.93 is the deciding level. A daily close below it would mark a regime change and open $84.39. A hold sets up an oversold bounce toward $93 and $98.
Thursday started strong for Solana. The token opened at $95.51 and climbed to $96.97 during the Asian session, extending Wednesday’s post-election rally. Some trackers showed SOL at $96.32 at 04:49 UTC, up 5.16% over 24 hours, and at $96.42 with a 3.1% gain and $4.58 billion in volume shortly after. Market capitalization reached $56.91 billion at that peak.
The first sign of trouble came before the U.S. open. Initial jobless claims fell to 189,000 at 8:30 a.m. ET, matching a 57-year low, which reinforced Federal Reserve hike expectations. Bitcoin eased below $78,000 on the data, and Solana followed lower with the rest of the altcoin complex.
Then came the equity open. Wall Street shed more than $1 trillion in market value within minutes of 9:30 a.m. ET as chip and AI stocks collapsed. Bitcoin lost more than $4,000 in two hours and broke below $77,000. Roughly $370 million in leveraged crypto positions were liquidated in a single hour. By 11:59 a.m. ET, Solana traded at $90.28, down 6.57%, with $2.38 billion in volume.
The slide continued into the evening. At 17:30 UTC, SOL traded at $89.90, down 6.3%. By 19:22 UTC it hit $89.47. By Thursday evening, it stood at $89.19, down 6.5% on the day and sitting directly on the 200-day moving average at $88.93.
The $7.78 drop from intraday high to evening low equals 8% of the peak price. Solana fell harder than bitcoin’s 4.97% and in line with ether’s 6.2%, consistent with its role as a higher-beta altcoin.
The session also showed how quickly gains evaporate. In an analysis on November 4, the $89 mark was identified as the line that would decide Solana’s next move. The token bounced from near that level to $96.97, then gave the entire bounce back in a single session and returned to exactly where it started. That kind of round trip in under 48 hours points to a market dominated by short-term positioning rather than conviction.
The question now is whether $89 holds as support for a third time or breaks on a daily close.
Solana’s Thursday drop only makes sense next to the broader market. Bitcoin fell 4.97% to $76,306. Ether dropped 6.2% to $2,272. XRP lost 5.8% to $1.256. Cardano fell 6.85%, Chainlink 6.98% and Hyperliquid 8.9%. Solana’s 6.5% decline placed it in the middle of the high-beta pack, harder than bitcoin and in line with ether.
The correlation runs through U.S. equities. Bitcoin has been trading as a leveraged extension of the Nasdaq, tracking the tech index almost tick for tick on Thursday. Large-cap altcoins follow bitcoin with amplified moves. When the PHLX Semiconductor Index collapses 11% and the Nasdaq falls 4.3%, there is no altcoin-specific story strong enough to offset that pressure.
The SOL/BTC ratio captures the relative weakness. One SOL bought 0.0011843 BTC earlier on Thursday. At $89.47 Solana and $76,306 bitcoin, the ratio falls to roughly 0.001173. That means Solana lost ground against bitcoin as well as against the dollar. Investors cutting risk sold the higher-beta assets first.
Wednesday showed the reverse. Solana gained 4% while bitcoin gained roughly 5.4% and ether 7.5%. On the way up, Solana underperformed ether. On the way down, it matched ether’s losses. That asymmetry suggests Solana is missing the incremental buyer that ether found on Wednesday.
Leverage amplified the move. Total crypto liquidations reached $718.5 million over 24 hours, with long positions accounting for $595.54 million, or 82.9%. The flush hit bitcoin and ether hardest by dollar value, but altcoin perpetual markets saw proportional damage.
The beta cuts both ways for the forecast. If the Nasdaq stabilizes and bitcoin recovers toward $80,000, Solana would likely rally 1.3 to 1.5 times as much, which could push it back above $95 quickly. If tech keeps selling and bitcoin breaks $75,600, Solana would likely lose its 200-day line and test $84.
For traders, the practical read is that Solana’s next move depends on Nasdaq futures and the bitcoin price more than on anything happening on the Solana network.
Derivatives positioning turned Thursday’s drop into a flush. Solana recorded $37.68 million in liquidations over 24 hours as of 17:30 UTC. Of that total, $34.18 million came from long positions, or 90.7%. Shorter time frames showed the same imbalance: $32.58 million in long liquidations over 12 hours, $24.51 million over four hours and $2.18 million in the final hour of measurement.
That ratio reflects positioning after Wednesday’s rally. Traders who bought the bounce to $96 with leverage were forced out as the price broke $93, $92 and $90 in succession. Each break triggered stop losses and liquidations that pushed the price lower, creating a cascade.
Open interest remains elevated. Perpetual futures open interest on Solana stood at $8.366 billion as of 17:30 UTC. Against a market capitalization of $53.04 billion, that equals roughly 15.8% of the token’s value held in leveraged derivatives. That is a high ratio, which means the market still carries significant leverage that could unwind further if the price breaks support.
High open interest is a double-edged signal. On one hand, it means more fuel for a short squeeze if the price turns higher, since short sellers would need to buy back their positions. On the other hand, it means more potential forced selling if the 200-day line breaks, since remaining longs would face liquidation below $88.
Spot volume was healthy. Trading volume of $4.43 billion over 24 hours equals 8.4% of market capitalization, a solid turnover rate that shows active participation. Earlier in the week, daily volume ran 29% below its 30-day average, which meant bounces were attracting thinner participation than declines. Thursday’s higher volume came on the way down, which is a bearish sign.
Binance hack funds added pressure. Funds tied to the recent $6.3 billion Binance hack have moved onto Solana, and selling tied to that movement has weighed on the price in recent sessions. Binance has covered $6 billion of the stolen funds, but the movement of hacked assets through the Solana ecosystem creates a source of supply that has nothing to do with fundamental demand.
For the forecast, derivatives positioning argues for caution. The long flush cleared some excess leverage, but $8.37 billion in open interest leaves room for further forced selling below $88.
U.S. spot Solana ETFs have gone quiet. All seven funds, Bitwise’s BSOL, VanEck’s VSOL, Fidelity’s FSOL, 21Shares’ TSOL, Franklin Templeton’s SOEZ, Morgan Stanley’s MSOL and Grayscale’s GSOL, posted zero net flows on Monday, November 2, Tuesday, November 3, Wednesday, November 4, and Thursday, November 5. Four consecutive sessions without a single creation or redemption is unusual for a product category with more than $1 billion in assets.
The silence follows a record. Spot Solana ETFs saw $71.47 million in net outflows in the week ended October 30, the largest weekly outflow since launch. Bitwise’s BSOL led withdrawals with $45.82 million for the week, including a $23.68 million single-day outflow on October 29. Grayscale’s GSOL lost $25.71 million. October marked the largest monthly outflow in the products’ history.
The five-session tally has narrowed but stays negative. Through November 2, the five-session total stood at $63.4 million in outflows. Through November 3, it narrowed to $44.2 million as the October 29 outflow rolled out of the window.
The cumulative picture is still positive. Spot Solana ETFs have attracted $1.46 billion in cumulative net inflows since launch. BSOL’s cumulative inflows stand at $1.12 billion, roughly three-quarters of the category. The funds took in about $1.59 billion in their first year, though recent outflows have reduced that figure.
Zero flows tell a specific story. Holders are not panicking out, since there have been no redemptions. But new buyers are not stepping in either, even after Solana fell to its 200-day line. That absence of demand at what technical traders view as strong support is concerning.
The contrast with other crypto ETFs is telling. Bitcoin ETFs took in $74.6 million on November 4, and ether ETFs took in $53 million the same day, both ending outflow streaks. Solana ETFs saw nothing. Institutional money that returned to crypto on Wednesday chose bitcoin and ether, not Solana.
For the forecast, ETF demand is the missing piece. A return to daily inflows of $10 million or more would signal institutional interest at current prices. Continued zero flows leave Solana dependent on retail, derivatives and treasury companies, all of which are more volatile sources of demand.
Solana’s ETFs carry a structural feature that bitcoin funds lack: staking yield. Bitwise’s BSOL, the largest Solana fund, delegates most of its SOL to validators and adds the resulting rewards to the fund. Bitwise reported that 96% of BSOL’s assets were staked, against a stated target of 100%. The fund listed a gross staking reward rate of 6.17% and a net rate of 5.80%, calculated as a 90-day average.
Fees and staking terms vary across funds. BSOL charges 0.20% and passes through most staking rewards. VanEck’s VSOL charges 0.30%, Fidelity’s FSOL 0.25%, 21Shares’ TSOL 0.21%, Franklin’s SOEZ 0.19%, Morgan Stanley’s MSOL 0.14% and Grayscale’s GSOL 0.19%. Staking fees retained by sponsors range from 5% to 25%.
The yield matters in a high-rate world. The Federal Reserve holds at 3.75% to 4.00%, and the two-year Treasury yields 4.50%. A 5.8% net staking yield beats Treasury yields by more than a percentage point. For yield-focused investors, Solana ETFs offer income that bitcoin funds cannot match.
Staking also grows holdings without new inflows. Rewards add SOL to the fund every epoch, which means BSOL’s SOL count grows even when flows are zero. Over a year, a 5.8% yield adds roughly 5.8% more SOL to the fund’s holdings.
The yield did not stop outflows. BSOL’s $45.82 million weekly outflow in late October came from holders exiting despite the staking income. A 5.8% annual yield does little to offset a 19.87% monthly price decline. Yield works as a long-term support for demand, not a short-term defense against price drops.
The network’s inflation schedule supports staking economics. Validators approved SGP-0002 on August 28, 2026, with 67% of participating stake, doubling the disinflation rate to 30%. That means new SOL issuance falls faster, which increases the real value of staking rewards over time.
For the forecast, staking provides a fundamental floor for ETF demand that bitcoin funds lack. If the price stabilizes, the yield could attract income-focused buyers and turn zero flows into inflows. Until the price stops falling, the yield is not enough.
Solana just completed its biggest protocol change since launch. Alpenglow activated on mainnet at the start of epoch 1064 on October 21, 2026, at slot 459,653,000. Anza announced the switch at 13:54 UTC. Alpenglow’s Votor component replaces the old TowerBFT system for voting and finality, targeting roughly 150 milliseconds compared with about 12.8 seconds before. That is roughly 85 times faster.
Finality is the time it takes for a transaction to become irreversible. Faster finality matters for payments, trading and any application where users need certainty that a transaction has settled. At 150 milliseconds, Solana approaches the settlement speed of traditional payment networks.
Firedancer joined the new consensus. Firedancer, the second independent validator client built by Jump Crypto, went live on mainnet in December 2025. Firedancer version 26.10 supports Alpenglow and began removing its TowerBFT code, though the hybrid Frankendancer client does not support it. Firedancer shipped four mainnet releases in October.
Security work continues. Firedancer launched a bug bounty program on October 16 that doubles rewards for all valid reports through November 20 and pays triple for Alpenglow-related findings. That incentive reflects the stakes: Alpenglow is running on a live network securing more than $50 billion.
Not everything is done. Rotor, the second half of Alpenglow that changes how block data spreads across the network, has no activation date. Neither does Quantumglow, the post-quantum version of the design. Both Anza and Firedancer have selected Falcon post-quantum signatures for eventual implementation. Agave 4.4 is planned for November 2026 and Agave 4.5 for December 2026.
Reliability has been strong. Solana reached 1,000 consecutive days without a network-wide halt around November 2, 2026. Its last full stoppage happened on February 6, 2024, due to a validator software bug. Over that period, DEX volume and transactions doubled and active traders grew sixfold.
The market has not rewarded the upgrade. Solana traded near $96 when Alpenglow went live and now sits at $89. Technical progress has not translated into price support, because price depends on demand, and demand has weakened.
For the forecast, Alpenglow is a long-term positive that does nothing for this week’s price. It strengthens Solana’s case as financial infrastructure over years, not days.
Solana’s usage numbers are mixed. The network led all chains in decentralized exchange volume for a 15th straight month in October. October spot DEX volume came in at roughly $61 billion to $65 billion depending on the tracker, down from $78.3 billion in September. That is a 17% to 22% month-over-month decline even as Solana kept its lead.
Weekly data shows the same softening. DEX volume fell 24% and fees 18.8% over seven days in late October, with daily DEX volume around $1.85 billion. Over 30 days, DEX volume stood near $60.84 billion. Network fees totaled $4.2 million over seven days. Thursday’s daily DEX volume hit $2.39 billion, a bounce from recent lows.
Revenue tells the harshest story. Network revenue in the first half of 2026 fell to $141 million, down 87.1% from $1.09 billion in the first half of 2025. Network fees declined 44% sequentially in the second quarter. That collapse reflects lower memecoin trading, which had driven a large share of fees during the 2024 and 2025 boom, and lower token prices that reduce the dollar value of fees.
Stablecoins are the bright spot. Solana processed more than $5.25 trillion in stablecoin volume during 2026. Stablecoins on Solana reached a record $17.3 billion on September 25 and stood near $15.88 billion in late October. Samsung Wallet picked Solana for USDC, and J.P. Morgan funds arrived on the network.
Tokenized assets are growing. Solana’s tokenized real-world asset value reached a record of about $5.19 billion on October 29. The network hosts 3,516 tokenized assets, from tokenized Treasury funds to equities and private credit. Google previewed institutional custody on Solana.
DeFi total value locked stood at $5.38 billion on November 5. Measured in SOL, that equals 56.32 million SOL locked in Solana applications. Denominating TVL in SOL strips out price effects and shows whether capital is actually leaving. The SOL-denominated figure has held relatively steady, suggesting the dollar decline in TVL reflects price rather than capital flight.
For the forecast, network activity is a split signal. Stablecoins, tokenized assets and reliability point to growing institutional use. Falling DEX volume and collapsing revenue point to weaker speculative demand, which historically drove SOL’s price. The token needs speculative demand to return, or institutional use to translate into token demand.
Corporate treasuries provide a steady bid. DeFi Development Corp reported holding 2,600,948 SOL after adding 5,336 SOL on November 2. At $89.47, that stake is worth roughly $232.7 million. The company has been building its position steadily, similar to bitcoin and ether treasury companies.
Treasury companies moved in opposite directions during October. Some added to holdings while others pulled back as SOL fell. The split reflects different funding situations: companies that can raise capital at a premium to their net asset value keep buying, while those trading at a discount face pressure to stop or sell.
The scale is smaller than in bitcoin and ether. BitMine holds 6.06 million ETH, roughly 4.9% of ether’s supply. Strategy holds more than 815,000 BTC. Solana treasury holdings are far smaller relative to supply. DeFi Development Corp’s 2.6 million SOL equals about 0.44% of circulating supply. Treasury buying supports the price at the margin but cannot offset broad selling.
ETFs remain the largest institutional holders. BSOL held 9.33 million SOL worth about $1.018 billion as of August, when it became the first Solana ETF to cross $1 billion in assets. Combined ETF holdings across all seven funds are larger.
Staking ties treasury and ETF holdings to network security. Both treasury companies and ETFs stake most of their SOL, which removes it from liquid supply and supports validator economics. As more SOL is staked by long-term holders, less is available for trading.
The treasury model faces the same risks seen in other crypto assets. If SOL keeps falling, treasury companies trading below net asset value may stop buying or be forced to sell. That would remove a source of support at exactly the wrong time.
For the forecast, treasury buying is a modest positive. It adds a recurring bid near current prices, but it is not large enough to defend the 200-day line on its own.
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Tuesday’s election shifted crypto’s regulatory outlook. The CLARITY Act, which would have given the Commodity Futures Trading Commission greater authority over crypto trading and reduced the Securities and Exchange Commission’s role, is effectively dead in its current form. It passed the House 294-134 in July 2025 but failed a Senate cloture vote 49-50 in September. With Democrats controlling both chambers in January, any revival needs 60 Senate votes and a new majority with different priorities.
House Democrats are discussing their own market-structure bill with a bigger SEC role. For Solana, that matters. Solana’s ecosystem includes DeFi protocols, staking, tokenized assets and thousands of tokens whose classification depends on which agency leads. A stronger SEC role raises the risk of stricter rules for staking products, DeFi and token issuance, all of which are central to Solana’s value proposition.
Staking ETFs face specific risk. Solana ETFs distinguish themselves through staking yield. An SEC-led framework could impose new disclosure or registration rules on staking, raising costs or limiting what funds can offer.
The macro backdrop adds pressure. Initial jobless claims fell to 189,000 on Thursday, matching a 57-year low. Cleveland Fed President Beth Hammack, Richmond Fed President Thomas Barkin and Dallas Fed President Lorie Logan all backed further rate hikes. Markets price a 74.5% chance of a December hike.
Higher rates hurt Solana in two ways. They raise the opportunity cost of holding a volatile asset, even one with a 5.8% staking yield. And they tighten liquidity across risk markets, which hits high-beta altcoins hardest.
Friday’s October payrolls report is the next catalyst. Consensus sits at 65,000 jobs with unemployment at 4.2%. A strong print would firm hike bets and pressure Solana. A weak print would cut hike odds and help. U.S. October CPI follows on Tuesday, November 10.
The Nasdaq remains the transmission channel. The tech index fell 4.3% into correction on Thursday. Bitcoin tracked it closely, and Solana tracked bitcoin with extra amplitude. Until tech stabilizes, Solana will struggle to hold rallies.
For the forecast, Washington and macro both lean negative in the short term. Regulatory uncertainty weighs on institutional demand, and Fed hike expectations weigh on risk assets.
Solana’s chart has narrowed to one level. The 200-day moving average sits at $88.93. Solana has not closed a day below it since August 21, 2026, and touched it intraday on Thursday for the first time since then. Thursday’s evening price of $89.19 sits just 26 cents above it. A daily close below $88.93 would mark the first break of the long-term trend line in more than two months.
A trendline drawn from June lows sits nearby at roughly $89.73. Solana bounced off that line earlier this week, rising 7% from the area. Thursday’s drop brought the price back below it, which puts the June trendline under pressure.
Below the 200-day line, weekly Supertrend support sits at $84.39. That is the next major floor. A break of $84.39 would open a path toward $80 and then the $76 area. Some analysts have flagged $60 as a possible downside target in a severe breakdown.
Resistance starts at $93, the level Solana needs to recover before it can challenge $98. Above that, $96.97 marks Thursday’s high, and $98 is a key resistance level. A daily close above $98 would point toward $103.81 and then $110.
Momentum is oversold. Solana’s daily relative strength index stood at 28.89 on Thursday evening, below the 30 threshold that marks oversold territory. Earlier this week, the daily RSI hit 26.13 on November 3, the lowest reading in months. Oversold readings often precede bounces, but they can persist in strong downtrends. The weekly RSI sits at 45.17, weakening but not oversold.
The trend structure is bearish. Solana has made lower highs since its late-September levels. It traded at $99.97 a week ago and above $110 a month ago. Thursday’s failure at $96.97 added another lower high. The descending trendline on the daily chart caps rallies.
The setup is binary. Holding $88.93 on a daily close, with an oversold RSI, sets up a bounce toward $93 and potentially $98. Losing $88.93 on a daily close breaks the long-term trend and targets $84.39.
For traders, the 200-day line is the only level that matters this week. Everything else follows from whether it holds.
The bullish scenario starts with a hold of the 200-day line. If Solana closes Thursday and Friday above $88.93, the oversold RSI near 28.89 sets up a relief bounce. A soft U.S. payrolls report on Friday, below 40,000 jobs, would cut Fed hike odds and help risk assets. A Nasdaq stabilization would lift bitcoin and, with beta, Solana. The first target is $93, followed by $96.97 and $98. A daily close above $98 would point toward $103.81, a gain of 16% from $89.47.
The catalysts for the upside path are specific. A return to Solana ETF inflows after four days of zero would signal institutional buyers at current prices. Continued treasury buying from DeFi Development Corp and others would add support. Any sign of DEX volume recovering above $2.5 billion a day would point to returning speculative demand.
The base case is range trading. With ETF flows at zero and macro uncertainty high, Solana could chop between $86 and $96 through next week’s CPI. The 200-day line would be tested repeatedly, with the oversold RSI providing support at the bottom and the descending trendline capping rallies.
The bearish scenario follows a daily close below $88.93. A hot payrolls print or another day of chip selling would push bitcoin toward $75,600 and drag Solana through its 200-day line. That would mark the first close below the long-term average since August and trigger technical selling. The first target is $84.39, the weekly Supertrend support, a drop of 5.7%. Below that, $80 and then $76 come into play. With $8.37 billion in perpetual open interest, a break could trigger additional long liquidations that accelerate the move.
Probabilities lean bearish but not decisively. The macro backdrop, frozen ETF flows and collapsing network revenue argue for further weakness. The oversold RSI and the 200-day line’s track record of holding since August argue for a bounce.
The risk-reward favors waiting for confirmation. A daily close above $93 would signal the bounce has legs. A daily close below $88.93 would signal the breakdown. Buying directly at the 200-day line carries risk, with a stop needed below $86.
Solana’s Thursday session was bearish, and the forecast for the next two weeks leans the same way unless the 200-day line holds. SOL-USD at $89.47 is down 6.5% over 24 hours after failing at $96.97 overnight. The evening price of $89.19 sits directly on the 200-day moving average at $88.93. Market cap stands near $53 billion. Solana trades 10.5% below a week ago, 19.87% below a month ago and 69.5% below its $293.31 record.
The selloff came from outside Solana. Bitcoin fell 4.97%, ether 6.2%, and the Nasdaq 4.3% into correction as the semiconductor index collapsed 11%. Solana liquidations reached $37.68 million, with longs making up $34.18 million. Perpetual open interest of $8.37 billion leaves room for further forced selling.
The technology is excellent. Alpenglow cut finality from 12.8 seconds to roughly 150 milliseconds. The network passed 1,000 days without a halt. Solana led all chains in DEX volume for a 15th straight month, processed more than $5.25 trillion in stablecoin volume in 2026 and hosts $5.19 billion in tokenized real-world assets.
Demand is weak. Spot Solana ETFs posted zero flows for four straight sessions after a record $71.47 million weekly outflow. Network revenue fell 87.1% to $141 million in the first half of 2026. DEX volume dropped from $78.3 billion in September to roughly $61 billion in October. BSOL’s 5.8% staking yield has not stopped outflows.
Base case for the next 10 trading days: range trade between $84.39 and $98, with the 200-day line at $88.93 as the pivot. A daily close below $88.93 targets $84.39, then $80. A daily close above $93 targets $98, then $103.81. Solana has built the fastest settlement network in crypto, and now it needs buyers who want to use it.
