SOL Price Prediction: SOL Holds Below Major Averages as Binance Positioning Stays Long-Heavy

What happened

According to the supplied Binance spot data, SOL last traded at $90.15 on 2026-11-07, up 0.66% over 24 hours. The reported 24-hour range was $89.15 to $91.62, with volume at $124,599,605. Price was near the pivot point of $90.31 and below immediate resistance at $91.46 and strong resistance at $92.78.

The same source places SOL below the 7-day, 20-day, 50-day, 12-day, and 26-day moving averages. The 200-day moving average is listed at $89.06, which leaves spot price only slightly above that longer-term reference.

Technical picture

The daily RSI(14) is 30.89, which the supplied source describes as neutral. MACD is -4.5708, with the signal line also at -4.5708 and the histogram at 0.0000. That leaves momentum flat at the current reading rather than expanding decisively in either direction.

Stochastic readings are also low, with %K at 11.90 and %D at 9.52. The Bollinger Bands show an upper band at $109.43, a middle band at $98.29, and a lower band at $87.14, with %B at 0.1351. That places SOL near the lower end of its recent range. Daily ATR(14) is $4.21, which indicates that intraday moves remain wide relative to the current price.

Derivatives market

Binance futures funding is 0.0098% for the 8-hour settlement period, which the source labels neutral. Open interest is 9,341,292.96 contracts, and the daily open interest value is $811,095,608. Open interest is down 3.36% over 24 hours.

The long/short ratios provided by Binance show a long-skewed market among its account cohorts. The 1-hour global ratio is 3.5788, with Binance global accounts at 78.2% long and 21.8% short at 2026-11-07 07:00:00 UTC. The top-trader ratio is 4.1493, with top-trader accounts at 80.6% long and 19.4% short at the same observation time.

Taker flow also leans to the buy side. The 1-hour taker buy/sell ratio is 1.1400, with buy volume at 76,177 and sell volume at 66,824. The supplied source labels this as aggressive buying pressure on SOL.

Levels in focus

The nearest reported support is $88.99, followed by strong support at $87.84. The lower Bollinger Band at $87.14 sits just below that area. On the upside, the next reported barriers are $91.46 and $92.78.

The current setup leaves SOL below the shorter- and medium-term averages while spot price remains above the 200-day moving average by a narrow margin. Binance derivatives data shows long-heavy positioning, but the open-interest decline and flat MACD histogram do not show a confirmed momentum shift in the supplied readings.

Conclusion

The supplied Binance data points to a market that is trading close to support while remaining under most of the listed trend averages. Derivatives positioning is tilted long, funding is neutral, and spot momentum is still weak in the reported indicators.