The daily candle
Solana closed the November 5 daily candle at $89.29, down 6.55% on the day, after trading between $88.22 and $97.06. What stands out on the daily chart: sharp move, 30-day closing low, RSI oversold.
Moving averages
The close of $89.29 is 10.3% below the 20-day average ($99.59).
The close of $89.29 is 17.6% below the 50-day average ($108.42).
Momentum: RSI and MACD
The 14-day RSI reads 28.7, below 30, the range usually called oversold. RSI compares the size of recent up days with recent down days on a 0 to 100 scale.
MACD (12, 26, 9) is -4.354 against a signal line of -3.652, so the MACD line is below its signal. MACD measures the gap between a fast and a slow exponential average.
Volume and range
Volume on the day was 1.77 times its 20-day average. Volume counts how much traded; a move on heavy volume involved more of the market than one on light volume.
The Bollinger Bands (20 days, 2 standard deviations) run from $89.48 to $109.71, and the close is below the lower band.
Over the previous 30 days the highest close was $120.66 and the lowest $91.95.
What it costs to hold a position
Anyone holding a SOL perpetual future pays or receives funding every settlement, and the rate differs by exchange. Today's rates across venues are on the SOL funding page.