Solana Trades Below $96 as Arrieche’s Support Scenario Stays Open

Solana (SOL) traded at $95.52 on Binance at 2:51 a.m. ET (07:51 UTC) Sunday, Nov. 1, below $96; the snapshot does not establish a daily close beneath that level.

Analyst Alejandro Arrieche identified $96 as a possible support retest in an Oct. 27 analysis. He wrote that “market’s depressed sentiment should push SOL down to $96.” He did not give a deadline for that scenario.

Arrieche’s conditional downside scenario put $84 to $77 in view if the $96 area broke. He also described a possible recovery toward $110 if SOL held $96 and its 200-day exponential moving average. These were conditional scenarios; the latest price observations do not resolve whether the level will hold.

TokenPost covered the possible $96 retest in an Oct. 28 article.