SOL trades near $94.9 after a month of steady losses. The price is down about 20% over the past 30 days.
Its last price on 1 November was the lowest of those 30 days. That finish now sits just above a level that has stopped the price before.
The price closed at its lowest in a month. Source: Binance SOL/USDT daily prices, to the 1 November daily close, computed by www.altcoinbuzz.io.
SOL Slid Through October, Then Ended Lower on Thin Trading
The slide built over weeks rather than in a single session. SOL was down about 19% in October.
Last week ended at $94.53, the lowest weekly finish since the week of 10 August.
Trading volume, the total value bought and sold, came to $74.7 million on Binance on 1 November. That was about 60% below its 20-day average.
The price is also about 68% below its highest on Binance. That high of $295.83 was set on 19 January 2025. How far the price sits under its record shows how much of the past rise has been given back.
SOL Sits About 3% Above Its $92.50 Floor
The nearest level in the price’s path is $92.50, about 3% below. It is a floor, a price where falls have stopped before.
It was a ceiling until the price rose over it, and has turned the price 6 times since mid February.
The last of those turns came on 11 May.
Two Levels Bracket SOL’s Price, About 3% Each Way
Above the price sits a ceiling at $97.30, about 3% above. A ceiling is a price where rises have stopped before.
A daily close is the last price of the day. A daily close above $97.30 would put SOL back over that ceiling. It would leave the next ceiling at $113.16, about 19% above.
A daily close below $92.50 would put SOL under its floor. It would leave the next floor at $83.98, about 12% below.
The price sits about 3% above its $92.50 floor. Source: Binance SOL/USDT daily prices, to the 1 November daily close, computed by www.altcoinbuzz.io.
SOL now trades between $97.30 overhead and $92.50 underneath. The next daily close beyond either one would show which of the two levels gave way.