The daily candle
Solana closed the November 8 daily candle at $86.49, down 3.66% on the day, after trading between $84.81 and $89.96. What stands out on the daily chart: 30-day closing low, RSI oversold.
Moving averages
The close of $86.49 is 11.1% below the 20-day average ($97.29).
The close of $86.49 is 19.3% below the 50-day average ($107.24).
Momentum: RSI and MACD
The 14-day RSI reads 26.7, 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 -4.872 against a signal line of -4.155, 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 0.87 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 $85.46 to $109.11, and the close is inside the bands.
Over the previous 30 days the highest close was $111.28 and the lowest $89.29.
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.