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FIGR_HELOC $1.05 Markets · Explained
Solana, Ether, Near and Zcash test key levels after crypto selloff
U.Today's Nov. 5 analysis put SOL, ETH, NEAR and ZEC at closely watched chart levels, crypto.news later reported a wider rebound.
Key takeaways
- Solana below $100. U.Today said SOL traded near $92.69 on Nov. 4, below major moving averages, with $98-$100 as the nearest resistance and $90 as nearby support.
- Ether's bounce. ETH was around $2,317 on Nov. 4 after a dip toward $2,200; U.Today said $2,350 and $2,400 were resistance levels, while $2,250 and $2,200 were support.
- Zcash leads later move. Zcash was near $1,288 and facing $1,300 in U.Today's analysis; crypto.news later reported ZEC up more than 7% to almost $1,320, with $1.2 billion in 24-hour volume.
What happened
U.Today published a Nov. 5 price analysis covering Solana, Ethereum, Near Protocol and Zcash, using daily charts from Nov. 4. The report described a market in which several tokens had lost short-term momentum after October rallies, leaving traders focused on whether key levels could be reclaimed. Solana was the clearest example: U.Today said SOL had fallen below the $100 mark and was trading around $92.69, down from an October high near $124. The token sat below its major moving averages, including a longer-term average near $98 that had supported it in September.
Ethereum was shown at about $2,317 after a brief move toward $2,200. U.Today said ETH had made lower highs and lower lows since a rejection from the $2,750-$2,800 area in early October and remained below short-term averages around $2,400-$2,500. Near Protocol was near $4.02, far below its October peak of roughly $6, and had slipped under shorter-term moving averages. Zcash stood out on the upside: it was near $1,288 after bouncing from about $1,150 and was attempting to retake $1,300, a level U.Today said had capped October rallies.
Later on Nov. 5, crypto.news reported a different intraday picture as the wider crypto market recovered. It said Bitcoin climbed back above $80,000 after falling near $75,600 during the Nov. 3 U.S. midterm elections. In that move, Ethereum rose almost 6% to about $2,425, Solana gained 4% to $96, and Zcash jumped more than 7% to nearly $1,320, with $1.2 billion in trading volume over the prior 24 hours. crypto.news attributed the rebound partly to fresh spot Bitcoin ETF inflows and a short squeeze.
First $2.7KLatest $2.4K-10.1% over the period
Points are daily observations, not closing prices.
Why it matters
The reports frame the four tokens as sitting near levels that could shape short-term sentiment. U.Today repeatedly stressed that recoveries above nearby resistance would be needed before it could describe the declines as easing, while breaks below support could extend the moves. At the same time, the later crypto.news snapshot showed that prices can move quickly within the same session, especially when broader market flows and leveraged positions shift. The levels are therefore useful markers for readers following the reports, not evidence that a durable trend change has occurred.
What the data shows
On the technical side, U.Today said Solana's RSI was nearing oversold territory but had not produced a convincing bullish reversal, and volume had increased during the drop. It placed SOL support at $90, then $85 and $80, with resistance at $98-$100 and then $103-$108. For Ethereum, the RSI had fallen from October highs and was flattening near the lower part of its range; support was seen at $2,250 and $2,200, with a deeper level at $2,100, while $2,350 and $2,400 were resistance.
Near's RSI had moved into the lower half of its range and was approaching oversold conditions, though U.Today said no clear bullish signal had appeared. It cited support at $3.80 and $3.65, then $3.40, and resistance at $4.30-$4.60, followed by $4.80 and $5. Zcash was described as holding above longer-term averages near $1,050 and $850, but still needing a confirmed break above $1,300. crypto.news later put ZEC near $1,320 and said it led gains among major cryptocurrencies.
Background
U.Today's review followed a September rally that had lifted several assets, including Solana above $120, before October brought a broad correction. Ether gave back much of its September advance after the early-October rejection, Near failed to hold its October rally, and Zcash spent October repeatedly testing $1,300. The crypto.news report added market context: U.S. spot Bitcoin ETFs took in $74.6 million on Nov. 4 after three sessions of outflows, and roughly $378 million in crypto short positions were liquidated within an hour as prices rose. It also noted that Fidelity's FBTC attracted $236.7 million while BlackRock's IBIT lost $201.2 million, leaving institutional flows mixed.
What to watch
U.Today identified $100 for Solana, $2,350-$2,400 for Ethereum, $4.30 for Near and $1,300 for Zcash as nearby levels that could signal a shift in momentum if reclaimed. It also flagged $90, $2,200, $3.65 and the $1,050 area as supports to monitor. crypto.news, meanwhile, pointed to Bitcoin resistance around $81,300-$82,000 and cited a CryptoQuant contributor who said the market correction may not be over. Those observations are watch points from the reports, not forecasts.
Questions readers ask
Did the reports confirm a bullish reversal?
No. U.Today said the RSI readings and moving averages had not shown a convincing bullish reversal, and crypto.news described a rebound while noting resistance levels and caution from a CryptoQuant contributor.
What were Solana's key levels?
U.Today put SOL near $92.69 on Nov. 4, with $98-$100 as resistance and $90 as support. It said a break below $90 could open $85 and $80, while reclaiming $100 would be an early step toward improving sentiment.
How did Zcash trade in the two reports?
U.Today said ZEC was near $1,288 and trying to clear $1,300. crypto.news later reported ZEC up more than 7% to almost $1,320, with $1.2 billion in 24-hour volume.
