Solana (SOL), Ethereum (ETH), Near Protocol (NEAR) and Zcash (ZEC) Price Analysis For November 5: Crypto Market's Chance to Turn Bullish Again

Solana (SOL) has lost its grip on the psychologically important $100 level, and the selling pressure keeps building. After a strong September rally that pushed SOL above $120, the token has slid into a long correction, with sellers increasingly in control of daily trading. On November 4, SOL was trading around $92.69, extending its drop from the October highs near $124. On the daily timeframe, the picture keeps getting worse, with Solana trading below all of its major moving averages. SOL has also fallen below the longer-term moving average near $98, which acted as support during the September recovery. The breakdown puts Solana in a weak spot, especially now that its shorter-term moving averages have started turning down. The $98–$100 zone is now the closest resistance .

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