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Solana (SOL) Price Today: SOL Rebounds 3.7% to $96 as Crypto Rallies Post-Midterms | Daily Brief Nov 5, 2026
**Solana Family Daily Brief, November 5, 2026 (12:15 UTC)** GM, Solana Family! SOL is having a good day. Here's what moved the price and the network over the last 24 hours. ## SOL price snapshot - **SOL/USDC:** $96.16 (Kraken) - **SOL/USDT:** $96.26 (Kraken) - **24h change:** +3.7% (about +$3.47) - **24h range:** $92.43 to $98.08 - **24h volume:** about $4.56B across all exchanges - **Market cap:** about $56.8B (#7) - **BTC for context:** about $80,150 (+2.7%) On November 4 SOL slipped below $92 while Bitcoin kept testing the $80K zone. It has since bounced back to the mid-$90s, and it is outperforming BTC on the day. The USDC and USDT pairs are trading within a few cents of each other, so stablecoin liquidity on both quote assets looks healthy. ## What's driving the market **1. A macro relief rally after the US midterms.** The crypto market rebounded after Democrats swept the US midterm elections. BTC is up about 4% from its local bottom, and higher-beta assets like SOL followed. That risk-on move is the main reason for today's green candle. **2. ETF flows are the swing factor.** Spot Solana ETFs have had a rough patch. SolanaFloor reported their weakest month since launch, and US funds recently saw $24.8M in outflows. Earlier in the cycle they also posted their biggest daily inflows of 2026, with Bitwise's BSOL leading volume. Watch the daily flow numbers closely: a return to steady inflows would be the clearest signal that institutions are buying the dip. In Asia, Pando launched Hong Kong's second Solana ETF. **3. The network keeps shipping after Alpenglow.** Alpenglow went live on mainnet in late October. It replaces TowerBFT and targets about 150ms finality, roughly 99% faster than before. Solana's co-founders now say it's time to drop the "beta" tag. Recent work also includes the move toward 250ms slot times and the Geo-Aware Leader Schedule proposal (SIMD-0675). **4. Tokenization and payments keep growing.** Institutional use of Solana as a settlement layer continues. Recent highlights include Schroders bringing an emerging-market bond fund on-chain, Mirae Asset's tokenized notes, Polygon's Open Money Stack expanding to Solana, Securitize's tokenized US equities, and the Solana Foundation's DvP (delivery-versus-payment) launch. On the consumer side, the Samsung partnership for cross-border stablecoin payments on Galaxy devices is still one of the largest distribution deals in crypto. **5. Treasury companies are unwinding.** SkyAI is winding down its SOL treasury (DAT) strategy and has extended a cash tender offer to shareholders. These exits from treasury companies have added supply overhang in recent weeks, which is worth keeping in mind. **6. Community news.** Finalists for the Solana Community Awards 2026 have been announced. Voting closes November 9, and the ceremony is November 13 in London. Go vote for your favorite builders! ## Levels to watch - **Support:** $92 to $92.50 (today's low and yesterday's breakdown zone), then the $88 to $90 area - **Resistance:** $98 (24h high), then the psychological **$100** level, which has rejected price several times recently ## Sentiment for the next 24 hours: **Cautiously bullish** Momentum has turned up thanks to the post-midterm relief rally, and SOL is outperforming BTC. A clean daily close above $98 opens a retest of $100. The rally is still young, though. ETF flows have been inconsistent, treasury-company selling remains a headwind, and SOL is still tied closely to Bitcoin around $80K. If BTC loses $80K again, expect SOL to slide back toward $92. Our base case is range trading between $93 and $100 with an upward lean. A break above $100 with strong volume would flip the short-term picture to clearly bullish. *This is community news and analysis, not financial advice. Always do your own research and manage your risk.* Stay locked in, Solana Family! ☀️ *Sources: SolanaFloor, Solana.com News, Cointelegraph, Decrypt, CoinGecko, Kraken.*