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Solana falls near $88 amid tech sell-off and ecosystem concerns after US midterms

Technical Signals
06 Nov 2026, 11:00 WIB
AMBCrypto
View Source
Bearish
Solana falls near $88 amid tech sell-off and ecosystem concerns after US midterms

Following the US midterm elections, tech stocks plunged, dragging Solana down nearly 7% to $89.63 amid broader market risk-off sentiment. Concerns over Solana's ecosystem, including a halted lending protocol and an upcoming validator upgrade, intensified selling pressure with over $11 million in long positions liquidated. Technical indicators show continued bearish momentum, though short-term consolidation near the $88.48 swing low suggests buyers are defending this key level. If $88.48 holds, Solana may stabilize or bounce; if broken, further declines toward $85 are possible.

Solana is trading at Rp1.631.173 on Pluang as of Nov 06, 2026 16:21 WIB, down 6.95% in the last day. The market shows a nearly balanced order activity with 52% selling and 48% buying interest. Typical hold time for Solana investors on Pluang is 72 days, indicating moderate-term engagement despite recent volatility.

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