Is Solana (SOL) a Good Buy at Current Prices?

Solana trades at roughly $86 on 9 November 2026. That leaves it 48.9 percent below the twelve-month high of $167.38. It remains the deepest drawdown among the three largest crypto assets: Bitcoin sits 30.2 percent below its high, Ethereum 41.3 percent.

That number is why the question of a good entry gets asked louder for Solana than for the others. It is also why it is harder to answer. This article sets out what the chart supports, where Solana stands structurally stronger than its valuation suggests, and which counterarguments belong in a realistic assessment.

The price data was compiled by cryptoticker.io on 9 November 2026. It is based on daily closing prices for the past 365 days from CoinGecko's public market data; moving averages and the relative strength index were calculated from that series using the standard formulas. Anything beyond the data is marked as assessment.

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Solana price analysis: where does the Solana price stand in November 2026?

The 200-day moving average sits at $97.19. The price trades 12.0 percent below it, after 6.4 percent below it at the last reading. The most important change from the previous months has therefore not held: on 22 August 2026 Solana had reclaimed this line after months spent well below it; since 30 October 2026 it has been closing below it again.

The short-term line also remains above the price. The 50-day moving average stands at $100.19, and at $85.50 the price sits 14.7 percent below it; at the last reading the shortfall was 11.2 percent, so the gap has widened further. All that is left is the order of the lines: the 50-day average has sat above the 200-day average at $97.19 since September 2026, with a lead of only 3.1 percent, and it keeps falling. The recovery has therefore lost its footing in the longer average, and the price trades below both lines.

The levels that matter for an entry:

• First hurdle: $97.19 at the 200-day average, some 13.7 percent above the price. This line was resistance into August and has been again since 30 October. Above it sits the 50-day average at $100.19, 17.2 percent above the price.
• Current zone: $85.50, below both averages.
• The upper mark: $122.08, the interim high of the past 60 days, some 43 percent above the price.
• The downside risk: $62.18, the twelve-month low from early June, now 27.3 percent below the current price.

Over 30 days the price is down 22.3 percent, over 90 days still up 12.2 percent, over the past seven days down 9.5 percent, and over twelve months still down 48.0 percent. The recovery of recent months therefore does not turn the annual balance, and on a monthly view the loss remains deep at 22.3 percent, after 24.6 percent at the last reading.

Is Solana really oversold on the monthly chart?

Yes, and it has been since early November. The relative strength index stands at 26.0, after 25.7 at the last reading. Oversold conventionally begins below 30, overbought above 70. Solana is therefore in the oversold zone.

This matters for a buying decision because it cuts both ways. An oversold market is not the same as a bottom, and a loss of 22.3 percent in a month can extend. The contrarian argument last existed in early June at prices around $62; anyone who bought then is up 37.5 percent today. It now returns, though at a higher level and after a trend change that failed at the 200-day average. What you buy today is an oversold setback rather than a confirmed trend, and that is a different bet carrying a different risk.

What trading volume reveals about Solana demand

The rise in turnover at the last reading has not continued. Average daily volume over the past seven days was roughly $2.61 billion, compared with $2.62 billion measured over 30 days. That is a decline of 0.3 percent, after an increase of 4.4 percent at the last reading.

For comparison: over the same period Bitcoin's volume rose by 2.8 percent and Ethereum's by 0.5 percent. Turnover in Solana is therefore flat, in a week with a 9.5 percent price loss: it is selling rather than buying demand. The caveat which was the weightiest in previous months therefore remains open: volume is not carrying an advance, it is accompanying the decline.

Why has the Solana price fallen so sharply?

The disproportionate twelve-month decline has two distinguishable causes. The first is beta. Solana moves more than Bitcoin in both directions, because the capital invested there is more short-term in nature. In a market where the leader fell 30.2 percent, a 48.9 percent decline in Solana is not an anomaly but the rule. The same mechanism worked upwards and is now working downwards: over 30 days Solana is down 22.3 percent while Bitcoin is down 10.8 percent, and over seven days Solana loses 9.5 percent against 5.5 percent for the leader.

The second cause is the supply side. Solana continuously issues new units as a reward for securing the network. Issuance declines on a defined schedule, but it exists, and in a weak market it meets little demand. The mechanism is described in the protocol's official economics documentation. Unlike Bitcoin, Solana's supply side therefore works against the price rather than for it, as long as demand does not grow in step.

Which structural factors support Solana

Solana is built for high throughput at low fees, and that technical profile has an economic consequence: applications generating many small transactions can be settled there more cheaply than on networks with higher fees. This covers trading, payments and the representation of assets on a blockchain.

In that last field Solana has gained share over recent months. Representing equities and fund units as tradable tokens happens predominantly there, because the cost structure fits. For valuation this is the most interesting point, because it creates demand that does not originate inside the crypto market itself.

One caveat: usage and price are two different things. Low fees mean that a great deal of activity generates little revenue. A network can grow substantially without its token earning proportionally. For Solana this gap is structurally wider than for networks with higher fees.

What argues in favour of buying Solana at current prices

The drawdown of 48.9 percent from the twelve-month high is still the deepest among the three large crypto assets and sits in the range where Solana became interesting to long-horizon investors in earlier cycles. That is a historical observation, not a commitment.

The second point is the indicator picture. At 26.0 the RSI is in the oversold zone, the price is still up 37.5 percent from the June low at $62.18 despite the setback, and the 50-day average has remained above the 200-day average since September 2026. The third point follows from that: with the 200-day average at $97.19, 13.7 percent above the price, there is a checkable level whose reclaim would put the recovery thesis back in force, rather than a safety net only at the June low 27 percent lower.

How longer-term scenarios follow from this, with methodology and weightings disclosed, is set out in our Solana price prediction, which also names where the calculation can fail.

What argues against buying Solana at current prices

The weightiest objection remains: on 30 October 2026 the price fell back below the 200-day average and now sits 12.0 percent below it, and 14.7 percent below the 50-day average. The August trend change has therefore failed for now. Volume sits at the level of the monthly average and is accompanying a decline rather than a recovery. The RSI at 26.0 provides a contrarian argument but no buy signal, because oversold markets can stay oversold; the price sits some 30 percent below the interim high of the past 60 days. Over twelve months the price is still down 48.0 percent, so the move is a setback inside a negative year, not a new upward cycle. And ongoing issuance creates, as before, structural selling pressure that does not exist in this form with Bitcoin.

Then there is beta. If Bitcoin rolls over, a disproportionate decline in Solana is to be expected, just as the recovery has been disproportionate. Sizing the position like a Bitcoin position therefore means taking considerably more risk than the price levels suggest.

How to buy Solana at current prices

With Solana, the staking question matters as much as it does with Ethereum. Anyone committing coins to securing the network receives part of the new issuance and thereby offsets at least some of the dilution. Anyone who does not bears it in full. Whether a platform offers staking, on what terms and with which lock-up period, therefore belongs settled before the purchase.

The cost side follows the usual logic: trading fee, spread and withdrawal fee together determine the entry price. An overview ranked by cost, regulation and custody is available in our crypto exchange comparison.

For the European market, providers licensed under the European markets in crypto-assets regulation are the relevant candidates; the supervisor lists them in the public register of the European Securities and Markets Authority. Which ones qualify is set out in our comparison of regulated crypto exchanges. Our detailed assessment of one such provider is in the Kraken review.

So is Solana a good buy at current prices?

On the short-term question the answer is unchanged since the last reading. On 30 October 2026 the price fell back below the 200-day average, above which it had traded since 22 August 2026, and now sits 12.0 percent below it; it sits 14.7 percent below the 50-day average. The dominant chart structure therefore does not hold, and over 30 days the price is down 22.3 percent. Volume sits at the level of the monthly average, in a week with a 9.5 percent price loss. The RSI is in the oversold zone at 26.0. Buying now means buying an oversold setback rather than an intact trend, and betting that the price reclaims the 200-day average.

For a long-term, staggered build-up Solana is the most speculative of the three and at the same time the one with the clearest economic story. Anyone who assumes that the representation of real-world assets on blockchains keeps growing, and that Solana holds its role in it, is buying today at roughly 51 percent of the twelve-month high.

A smaller position than for Bitcoin seems appropriate to us, spread across several purchases, combined with staking to offset dilution and with a clearly defined point at which the assumption counts as refuted. The June low at $62.18 sits far too far away to serve as that point; more practical is the 200-day average at $97.19, which the price left to the downside on 30 October. Buying now means buying below that level and needing its reclaim as confirmation; if that fails, the next tested level is only the June low, 27.3 percent lower.

Buying Solana: what to take away

1. Test the oversold claim against numbers, not headlines. The RSI stands at 26.0, below the oversold mark of 30. Neither that nor a loss of 22.3 percent in a month is a buy signal on its own. The scenarios that follow from the data, with weightings disclosed, are in our Solana price prediction.
2. Build issuance into your return expectations. Solana dilutes continuously. Anyone not staking bears that dilution in full. The terms offered by the venues are set out in our exchange comparison.
3. Size the position by beta, not by price level. Solana moves more than Bitcoin, in both directions. Buying through a licensed provider at least contains counterparty risk; which ones qualify is shown in our comparison of regulated crypto exchanges.

Disclosure: Some of the providers mentioned in this article work with us through partner programmes. This has no bearing on the price analysis or the assessment of the chart; the price data comes from a public market data source and can be verified there.

(As of 9 November 2026. This article is not investment advice. Prices, fees and terms change; check them with the provider before every purchase. Crypto assets are subject to high volatility and a total loss is possible.)