Solana price faces the $104.21 pivot as bearish pressure builds

As of October 23, 2026, the Solana price trades at $103.76 on Binance , reflecting a neutral daily bias with bearish short-term pressure. Price holds above the daily EMA200 but below its EMA20 and EMA50, keeping the broader structure intact without confirming a bullish continuation. Key takeaways SOL trades at $103.76 on Binance, above the daily EMA200 at $96.10 but below the EMA20 and EMA50. Daily RSI stands at 39.6 and is falling; hourly RSI at 43.9 confirms weak momentum without reaching oversold territory. A bullish recovery requires an hourly close above the pivot at $104.21 ; a bearish continuation triggers on an hourly close below $103.72 . Daily MACD histogram is narrowing toward zero, signaling easing downside intensity, but intraday timeframes do not confirm the improvement.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to The Cryptonomist.