Solana dropped 2.69% to $114.53 on Binance spot on October 8, 2026, falling below its 7-, 20-day SMAs and driving the daily MACD histogram to exactly zero — flagging a bearish crossover in progress...

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SOL printed $114.53 on Binance spot on October 8, 2026, down 2.69% inside a 24-hour range of $114.22–$117.80, on volume of approximately $213.8 million. The session close pushed price below the 7-day SMA ($118.88), the 20-day SMA ($118.20), and the EMA 12 ($117.88) in one move, creating a short-term moving average ceiling $3–$4 above current price. That cluster aligns with the supplied strong resistance at $119.10 and immediate resistance at $116.81, meaning any recovery attempt faces layered overhead before it can re-establish a constructive posture.

The medium- and longer-term structure remains intact: SOL holds comfortably above the 50-day SMA at $107.91 and the 200-day SMA at $86.59. The most immediate level of interest in the moving average stack is the EMA 26 at $114.42 — SOL was trading just $0.11 above it at the time of the supplied data. Whether price adheres to or closes below that level in subsequent sessions is a near-term tell worth monitoring.

0000. The supplied data characterizes this configuration as indicating bearish momentum for SOL. A histogram at zero is not a neutral reading — it marks the precise convergence point where the MACD and signal lines meet. If the histogram crosses into negative territory on the next session, a bearish daily MACD crossover is confirmed.

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