Solana Price Prediction: Can SOL Get Back Above $110 in November?

Solana (CRYPTO: SOL) is trading at $101, roughly 9% below the key $110 mark many analysts are watching in their November Solana price predictions. This price is down 14.5% since the end of September and 65.6% below its all-time high of $293, reached on January 19, 2025.

At the beginning of October, SOL opened at $118, briefly climbed to $124, but then fell to a low of $99. The $110 price point is significant because it aligns with SOL’s 50-day moving average of $109. Whenever a cryptocurrency trades below this moving average, it often indicates a short-term downtrend. Therefore, for SOL to reverse the trend, it must rise back above $110. So, can SOL achieve this in November?

SOL’s Market Cap at $110 Shows Why the Target Is Harder Than 9%

To understand why reaching $110 is a challenge, let’s look at Solana’s market cap. Currently, it’s about $59.6 billion, making it the seventh-largest cryptocurrency by market cap. With about 590 million SOL in circulation, a $110 price would raise the market cap to about $64.9 billion.

This figure is surprisingly close to the fully diluted valuation of $64.3 billion, which estimates the network’s worth if all 637 million SOL in total supply were traded at the current price.

However, the growing supply complicates the picture. On November 4, 2024, SOL closed at $158 with a market cap of $74.2 billion, implying around 471 million coins in circulation. Since then, the circulating supply has increased by about 25.3% because Solana has no maximum supply and staking rewards, which help secure the network by rewarding holders who lock up their coins.

On the November 2024 coin count, a market cap of $64.9 billion would put SOL closer to around $138. Even then, $64.9 billion is significantly below the $103.6 billion market cap SOL reached on November 2, 2025. Thus, hitting $110 does not even require reaching record levels.

Spot Solana ETF Outflows and Bitcoin’s Slide Are Holding SOL Back

Recently, Solana ETFs—funds that allow stock-market investors to gain exposure to SOL—experienced significant outflows. On October 26, these funds lost $8.2 million, after recording no activity on October 23 and $17.3 million in outflows during the week of October 19. This trend indicates that ETF investors have been more inclined to sell during this downturn. A positive shift, with sustained ETF inflows, would signal that new investment money is returning.

Additionally, Bitcoin (CRYPTO: BTC) is trading at $80,684, below both its 20-day average of $81,999 and its 50-day average of $81,806. SOL tends to swing more than Bitcoin.

Its 30-day decline of 17.2% was sharper than Bitcoin’s, but it also posted a 37.2% gain over 90 days, outperforming Bitcoin’s 26% gain—suggesting a strong altcoin season this fall. If Bitcoin bounces back above its 50-day average, SOL could benefit as well.

SOL Has Cleared $110 Before, and November History Is Mixed

Solana has shown it can surpass $110 before. For instance, it closed at $72 on August 1, 2026, reaching $111 later that month and $125 in September. This showcases that SOL can close the 9% gap quickly if buyers return.

The immediate resistance point is the 20-day average at $106, which is 4.9% above the current price. Throughout October’s selloff, SOL has remained below this level. Looking back at previous Novembers gives a mixed picture: in November 2025, SOL opened at $187 and finished at $133, while in November 2024, it closed above $200 early in the month and stayed above $230 for much of the month.

Is a Solana Price Prediction of $110 Realistic for November?

In conclusion, SOL could approach $110 this November, but it may struggle to hold that level unless ETF inflows turn positive. A 9% price increase is common for this cryptocurrency. However, a quick bounce back in Bitcoin could push SOL past $110 before new ETF investment materializes, as SOL needs buyers who were absent throughout October to sustain upward momentum.

To regain momentum, SOL first needs to hold above the $100 support level—just 1.3% below its current price—where buyers have historically stepped in. Next, it must recover the 20-day average at $106. Following that, a close above the 50-day average at $109 and the key $110 mark is essential, ideally with Bitcoin also regaining ground above its 50-day benchmark.

A daily close above $110 along with a week of positive ETF inflows would confirm the end of the recent downtrend. Conversely, if SOL fails, a dip below its October low of $99—2.4% below the current price—could send it toward its 200-day average at $88, about 12.4% lower.

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