Solana Price Slides to $89, First Test of the 200-Day Line Since August

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The Solana price fell 6.4 percent to around $89 on November 5 and touched its 200-day line for the first time since August. A chip sell-off on the Nasdaq set it off, amplified by more than $1 billion in liquidations and ongoing ETF outflows.Solana falls to its 200-day line on November 5, 2026.Add as a preferred source on GoogleFollow on Google NewsThe Solana price fell to its 200-day line on Thursday. At around 7:50 pm CET, SOL traded at roughly $89.36, or €79.56, 6.4 percent lower than 24 hours earlier. The daily low was $88.83, just below the 200-day moving average of $88.93. Solana had not been this close to the line since August: every daily price since August 20, 2026 had been above it. The drop was not triggered by anything on the Solana blockchain. It came from outside, from the sell-off in chip and AI stocks on the Nasdaq, which pushed Bitcoin below $76,000 and set off a chain of liquidations across the crypto market. On top of that comes a headwind that has been holding...