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Solana (SOL) Price Today: SOL Holds $90 After $1.27B Liquidation Flush – Daily Market Report Nov 7, 2026
Good morning, Solana Family! Here is your daily SOL market report for Saturday, November 7, 2026 (data as of ~12:10 UTC). ## SOL Price Snapshot - SOL/USDT: $89.97 (Binance) - SOL/USDC: $89.88 (Binance) - 24h change: -0.5% - 24h range: $89.59 – $91.33 - 7-day change: -6.1% - 24h volume: ~$1.72B | Market cap: ~$53.1B (#7) After a sharp drop on Thursday, SOL spent the last 24 hours moving sideways in a tight ~$1.70 band just under $90. The USDT and USDC pairs are trading within a few cents of each other, so there is no stablecoin dislocation to worry about. ## What Happened in the Last 24 Hours 1. Market-wide deleveraging hit SOL hard, then cooled off A US tech stock selloff dragged crypto down on Thursday. SOL fell more than 6% to an intraday low around $88.50 while Bitcoin slipped below $76,000 and tested an 11-week low near $74,800. CoinGlass recorded about $1.27B in liquidations across more than 241,000 traders in 24 hours, wiping out the post-election rally. Since then, selling pressure has eased and SOL has stabilized around $90. 2. Solana ETF flows remain soft US spot Solana ETFs saw a small outflow of about $1.2M, which is minor next to roughly $430M leaving Bitcoin ETFs on the same day. The bigger picture is less encouraging: Solana ETFs have posted net inflows on only 2 of 26 sessions since October 1, and October's $143.7M of outflows was their worst month on record. Institutional demand is the missing piece for a sustained recovery. 3. October ecosystem roundup: the fundamentals keep improving The official Solana October 2026 roundup highlights three big milestones: Alpenglow is live, target slot times have been cut to 200 ms, and tokenized real-world assets (RWA) on Solana reached a record $5 billion. Alpenglow, activated on October 21, targets ~150 ms finality, down from ~12.8 seconds, one of the largest consensus upgrades in Solana's history. 4. Consumer adoption: Samsung Wallet and Solana Labs' Leap Eligible US Samsung Galaxy users can now buy, hold, send and receive USDC on Solana directly inside Samsung Wallet. Solana Labs also launched Leap, a new mobile trading app (iPhone beta). Both put Solana in front of mainstream users. 5. Security upgrades Sanctum introduced 2-of-3 multisig security for Sanctum Wallets to protect users against stolen, leaked or lost keys, a welcome move after a string of industry hacks. ## Market Sentiment: Next 24 Hours Sentiment: Neutral to slightly bearish (cautious) - The macro backdrop is fragile: the Fear & Greed Index sits around 32 (Fear) and BTC is near multi-week lows, so SOL is likely to keep following Bitcoin and US tech stocks. - Leverage has been largely flushed after the $1.27B liquidation event, which lowers the risk of another cascade and supports a weekend consolidation. - Key levels to watch: support at $88.50 (Thursday's low), then the $85 zone; resistance at $91.30 (24h high), then $95. - Base case: low-volume weekend range between roughly $88 and $93. A clean break below $88.50 would open the door to a retest of $85; reclaiming $92+ with volume would signal a short-term relief bounce. - Network fundamentals (Alpenglow, record RWA value, consumer integrations) remain strong, but in the short term price is driven by macro and ETF flows rather than tech. Stay safe, manage your risk, and see you tomorrow, Solana Family! This post is for informational purposes only and is not financial advice. Always do your own research. Sources: SolanaFloor, Solana.com News, Decrypt, Cointelegraph, CoinGecko, CoinGlass.