Solana Price Slips Below $89 as Bears Get a Second Chance After Alpenglow Fails to Lift It

Three Things to Know Solana slid to a fresh monthly low as spot ETF investors kept pulling money out. SOL now trades beneath both its 50-day and 200-day averages, a bearish shift for the long-term trend. The August low near $74 is the floor bears are eyeing next. Solana broke below last week's 30-day low on Friday, extending a slide that started soon after its Alpenglow upgrade went live. Faster settlement has failed to draw buyers back. The break matters because fund flows and onchain activity are both weakening at the same time. Oversold readings hint that a relief bounce could come. Traders now want to know whether buyers can reclaim the 200-day average or whether sellers press toward the summer lows.

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