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

SOL sits just 9% below a price level that analysts say could flip its entire short-term trend, but the path there depends on forces beyond the coin itself. Here is what needs to align for Solana bulls to reclaim control…

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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.