Lark Davis's call on SOL for November 12, 2026: where the author expects the price to go and which levels matter. Other bloggers' calls are added here during the day. This is the author's opinion, not investment advice.
According to Lark Davis, the price of Solana is currently under $85, coming in at around $84 as the token becomes extremely oversold. With the daily RSI at 25, the author highlighted that Solana is in a strong downtrend despite the potential demand that Charles Schwab’s massive client base could create for the token.
Davis noted that Solana’s price action at the moment is very weak, and a level that has provided support at $85 is now turning into a resistance zone. With the token’s RSI at 25 on the daily chart, Davis pointed out that it is nearing cycle lows. Since the last bottom occurred when the RSI reached 15, there is a chance for further downside if the selling pressure continues.
Even though the Charles Schwab exchange now allows trading Solana for its 48 million clients, which could translate into increased demand for the token in the long term, the market at the moment is still driven by gambling and speculative trading. Unless Solana recovers the $85 level, Davis believes it is likely to continue to decline as there is no bullish reversal in sight at the moment.
This article reflects the channel authors’ opinions and is not investment advice.
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