Solana (SOL) Price Slips Below $90 Trendline as Spot ETFs Log Third Straight Outflow Day

TLDR

Solana (SOL) trades near $85.97, down 0.75% on Tuesday, November 10. The price is below an ascending trendline around $90–$92 that held since June. US spot Solana ETFs saw about $8.8 million in provisional outflows on November 9. RSI sits at 26.80, in oversold territory, while MACD remains bearish. Alpenglow went live October 21, and real-world asset value hit a record $5 billion.

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Solana (SOL) traded near $85.97 on Tuesday, November 10, down 0.75% on the day. The price now sits below an ascending trendline that began in June.

Solana (SOL) Price

SOL has fallen about 30% from its late-September high near $124. It has also slipped under the $90 support level.

Tuesday’s intraday low was $85.40. The trendline runs around $90–$92, and that area could now act as resistance.

The $90–$98 range was also a consolidation zone in March, April and May. Immediate support sits near $85, followed by $82.

The Relative Strength Index stands at 26.80, which is oversold territory. The MACD line is at -5.14, below its signal line at -4.50.

Analyst Crypto Patel posted on X that Solana is heading back to its accumulation zone. He said the next rally could target $500 to $1,000.

Solana is heading back to our accumulation zone before the next explosive move toward $500–$1,000 🚀

The next $SOL mega rally could be closer than you think! pic.twitter.com/uXrCnafUQJ

— Crypto Patel (@CryptoPatel) November 10, 2026

Spot Solana ETFs Log a Third Straight Outflow Day

US spot Solana ETFs saw about $8.8 million in provisional net outflows on November 9, according to CryptoETF.today. It was the third withdrawal session in a row.

Source: SoSoValue

Bitwise’s BSOL accounted for about $5.9 million of the outflows. 21Shares’ TSOL added another $3 million.

The three sessions total roughly $34.2 million in withdrawals. Only three of nine tracked funds had reported when the data was published, so the figure may change.

Cumulative ETF inflows remain positive at about $1.43 billion. Total net assets are near $1.25 billion.

Network Upgrades and On-Chain Activity

The Solana Foundation’s October report said the Alpenglow consensus upgrade went live on October 21. It targets finality of about 150 milliseconds, and the target slot time is now 200 milliseconds.

J.P. Morgan Asset Management brought two tokenized money market funds to Solana through its Morgan Money platform. Samsung also added USDC transfers on Solana in Samsung Wallet for eligible US Galaxy users.

Real-world asset value on Solana reached a record $5 billion in October. The Foundation published the report on November 6.

DefiLlama data shows about 93.48 million transactions over 24 hours. Active addresses reached 2.71 million.

Decentralized exchange volume was about $1.15 billion, and total value locked stood near $5.04 billion. Seven-day DEX volume fell about 5%.

Stablecoin market capitalization on Solana fell 4.38% to $14.56 billion. The figures come from DefiLlama’s November 10 snapshot.

Chart Analysis

SOL has lost the ascending trendline from the June low, and the daily candle sits at $85.97, just above the grey $77-$82 zone. The old $90-$98 range is now a ceiling. RSI at 26.80 is as stretched as it was at the June low, but MACD is still pointing down at -5.14.

Source: TradingView

The chart sketches a bounce to retest the trendline near $95 before a drop toward $70-$75, or a reclaim that opens $110. Oversold can stay oversold, so a flip of the trendline matters before calling a bottom.

What to watch next: a daily close above $92 for bulls, or below $82 to bring the $77 zone into play.

The post Solana (SOL) Price Slips Below $90 Trendline as Spot ETFs Log Third Straight Outflow Day appeared first on CoinCentral.