Solana Price Bounces Off $89 but The Clock Is Ticking

Key Takeaways Rejected near $96 earlier this week November 5 candle closed just above 200-day SMA RSI at 31.29 versus 27.55 on October 30 0.618 retracement near $85 sits below SOL’s October 30 dip, which came the day after the record Binance hack , set the late-October low that this week’s sell-off has now undercut. Since early October, the pullback from that peak has moved inside a descending channel, and the October 30 dip ended at the channel’s lower rail, close to the 0.5 retracement around $92.

Source: Coindoo