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Solana (SOL) Price Today: SOL Slips to $86 as RSI Hits Oversold – Daily Market Update, Nov 9 2026
**Solana Family Daily Brief – Monday, November 9, 2026 (12:20 UTC)** Good morning, Solana Family! Here is your 24-hour snapshot of SOL and the Solana network. No memecoins today, just the platform and the token. ## 📊 SOL Price Snapshot - **SOL/USDT:** ~$86.30 – $86.50 - **SOL/USDC:** ~$86.40 - **24h change:** about **-3.7%** (from roughly $89.90) - **24h range:** ~$83.40 low to ~$90.00 high - **24h volume:** ~$2.65B - **Market cap:** ~$51.0B SOL is trading below all of its key daily moving averages (EMA20 ~$96, EMA200 ~$97, EMA50 ~$101). Daily RSI sits near 27, which is oversold territory, and the MACD histogram is still negative. The wider market is under pressure too: total crypto market cap fell about 6% to ~$2.47T and the Fear & Greed Index reads 29 (Fear). **Key levels to watch** - Resistance: $87.20 (daily pivot), then $89.40 and the $90 psychological level - Support: $85.50, then $84.40 and the $83–80 zone ## 📰 News Roundup **1. China's central bank pushes back on Solana events** Reports say the People's Bank of China has halted Solana's offline promotional events in mainland China and opened a probe into the entities behind them, shortly after Solana opened a Shanghai office. A PBOC official reportedly described Solana as a "virtual currency issuance platform." The Solana Foundation had not publicly responded at the time of writing. This is a headline risk rather than a change to the network itself, but it weighs on sentiment. **2. Network upgrades keep moving: Alpenglow and 200 ms slots** Solana's October ecosystem roundup highlights the activation of Alpenglow, the new consensus protocol replacing TowerBFT and targeting finality of around 150 ms, plus a cut in target slot times to 200 ms. Co-founders are now openly talking about dropping the "beta" label from mainnet. Real-world assets on Solana also hit a record of about $5B in October. **3. Security response after the Drift exploit** Solana is moving to remove the transaction feature that was abused in the $270M Drift hack. On the wallet side, Sanctum rolled out 2-of-3 multisig security for Sanctum wallets after a string of industry hacks. **4. Adoption keeps growing** Samsung Wallet now lets eligible U.S. Galaxy users buy, hold, send and receive USDC on Solana. Solana DEX volume stayed close to $1B over the last 24 hours, showing that on-chain activity is holding up while price is weak. **5. Institutional flows are cooling** Solana ETFs recorded about $144M in net outflows in October, their first monthly outflow since June, with total net assets near $1.4B. Coinbase also listed the Solana-based token CARD (Collector Crypt) this week. **6. On the calendar** Breakpoint 2026 takes place in London, November 15–17, and the Solana Community Awards ceremony is on November 13. Big events like these often bring announcements, so watch this space. ## 🔮 Market Sentiment – Next 24 Hours **Sentiment: Cautiously Bearish / Neutral** 🟠 The trend is still down and the China headlines add short-term pressure, so sellers have the upper hand. However, SOL is deeply oversold, and that often leads to relief bounces. Our base case: SOL ranges between roughly **$84 and $89**. A daily close above $87.20 would open the door to a test of $89–90. Losing $85.50 on a closing basis could send price toward $84 and the $80–83 support zone. Fundamentals (Alpenglow, RWA growth, payments adoption, Breakpoint next week) remain strong even while price lags. --- *This post is for information and community discussion only. It is not financial advice. Always do your own research and manage your risk.* What's your read on SOL this week, Solana Family? Drop your levels below! 👇 **Sources:** CoinGecko, Coinbase & Kraken market data; [Cryptonomist](https://en.cryptonomist.ch/2026/11/09/solana-price-needs-daily-close-above-op…); [CoinTurk](https://en.coin-turk.com/pboc-halts-solana-events-in-china-launches-probe-int…); [Solana.com News](https://solana.com/news); [SolanaFloor](https://solanafloor.com/); [U.Today](https://u.today/coinbase-reveals-november-delisting-schedule-issues-warning-o…); [Cryptonews](https://cryptonews.net/news/analytics/33694966/)