Key takeaways
- Solana’s price struggled to cross $160 in June but is expected to surpass $352.36 by the end of 2024.
- By 2027, SOL is expected to reach a new high of $730.23, driven by mainstream adoption of its dApps.
- Solana’s price could surpass the $1,000 mark, potentially reaching $1,201.78 or higher by 2030.
Despite occasional challenges, including network congestion and competition from other blockchain platforms, Solana demonstrates resilience and adaptability, positioning itself as a leading player in the decentralized finance (DeFi) and Web3 landscape.
Overall, the prevailing sentiment within the Solana community is one of confidence and excitement, with stakeholders eagerly anticipating the platform’s continued evolution and impact on the broader crypto ecosystem. While uncertainties persist, Solana’s innovative approach and robust infrastructure instill optimism for its future price trajectory and market dominance. How high can SOL go in 2024 and beyond? Let’s find out.
Overview
| Cryptocurrency | Solana |
| Token | SOL |
| Price | $252.48 |
| Market Cap | $119.88B |
| Trading Volume 24-h | $5.36B |
| Circulating Supply | 471,912,973.73 SOL |
| All-time High | $260.06 Nov 07, 2021 |
| All-time Low | $0.5052, May 12, 2020 |
| 24-hour High | $256.95 |
| 24-hour Low | $243.12 |
Solana price prediction: Technical analysis
| Sentiment | Bullish |
| 50-Day SMA | $182.26 |
| 200-Day SMA | $158.64 |
| Price Prediction | $534.79 (112.02%) |
| F & G Index | 49.11 (-) |
| Green Days | 15/30 (50%) |
| 14-Day RSI | 75.28 |
Solana price analysis
At press time (November 25), Solana rose above the $255 mark, showing signs of strength as it prepared for a potential move to higher levels. After a strong 35% pump this week, investors and analysts are increasingly optimistic about Solana’s direction.
At current levels, Solana still faces key resistance levels that could challenge its upward trajectory.
Will SOL capitalize on its recent gains and reach new highs, or will it struggle to maintain momentum in the face of market headwinds? Investors are eager to see how this plays out as we approach the end of the year.
SOL had struggled to break through the $200 and the 250 resistance levels since early July but has now overcome that level as the bulls attempt to cross the $300 mark by the year’s end
If SOL maintain’s support and continues this rally, it may soon test new highs and solidify its position as one of the top-performing altcoins.
Solana price 1-day chart analysis: SOL breaks out upwards
The Solana daily chart shows a bullish market, forming candlesticks above the Bollinger bands showing a bullish breakout. The coin had traded in a horizontal channel during the latter half of last month but shows incredible bullish momentum throughout November.
Also, on the chart, both the signal line and the MACD line of the Moving Average Convergence Divergence indicator are trending upwards, signaling increasing bullish pressure. At the same time, the relative strength index is at the edge of crossing back into the neutral territory. The Bollinger Bands are widening as the asset’s price volatility rises.
Solana technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
|---|---|---|
| SMA 3 | $ 221.94 | BUY |
| SMA 5 | $ 229.80 | BUY |
| SMA 10 | $ 226.68 | BUY |
| SMA 21 | $ 212.53 | BUY |
| SMA 50 | $ 181.01 | BUY |
| SMA 100 | $ 161.58 | BUY |
| SMA 200 | $ 158.81 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
|---|---|---|
| EMA 3 | $ 208.67 | BUY |
| EMA 5 | $ 193.75 | BUY |
| EMA 10 | $ 176.10 | BUY |
| EMA 21 | $ 162.42 | BUY |
| EMA 50 | $ 152.92 | BUY |
| EMA 100 | $ 150.09 | BUY |
| EMA 200 | $ 143.63 | BUY |
What to expect from Solana price analysis?
Solana’s price analysis shows that it faced resistance around the $260 level. The bulls have so far managed to push the coin above the $255 mark while the sentiment remains bullish. The bullish run coincides with the platform’s rising total value locked (TVL).
Is SOL a good investment?
Solana is a high-performance blockchain platform known for its scalability and speed, boasting a substantial Total Value Locked (TVL). The network continues to hit key development milestones. Despite a challenging month, price predictions indicate a more optimistic outlook, suggesting potential for future growth.
Why is SOL up?
Solana’s price failed to climb past the $270 resistance level, but the bullish rally has allowed SOL to climb above the $235 mark where it currently hovers.
Will SOL reach $200?
Solana is undergoing a high-volatility period that may see it reach the $200 mark before the year closes.
Will SOL reach $500?
The Chance of SOL reaching the $500 mark depends on various circumstances such as future network development, market regulations and the broader growth of the cryptocurrency market. If Solaba continues on its current trajectory, it can reach $500 in the next decade by cementing its position as one of the forerunner platforms for dApps.
Does SOL have a good long-term future?
Yes, Solana has a good long-term future due to its high scalability, low transaction costs, and robust ecosystem. Its growing adoption, strong developer community, and strategic partnerships further enhance its potential for sustained growth.
Recent news/updates on Solana
FDLabs announced that they will issue their stablecoin FDUSD on the Solana network.
Solana price prediction November 2024
A bullish start to November 2024 saw SOL rise from $150 to $160 across the month. Moreover, the market may soon continue the bullish rally pushing SOL towards $180. Based on expert analysis, Solana (SOL) could reach $309.18 by the end of November.
| Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| November | 132.59 | 309.18 | 160.33 |
Solana price predictions 2024
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2024 | $141.78 | $343.63 | $352.36 |
The SOL price prediction for 2024 suggests a minimum value of $141.78 with an average price of $343.63. The price could reach a maximum of $352.36 during the year.
Solana (SOL) price prediction 2025-2030
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2025 | $344.69 | $372.05 | $412.38 |
| 2026 | $472.87 | $551.56 | $569.81 |
| 2027 | $617.16 | $695.37 | $730.23 |
| 2028 | $617.16 | $695.37 | $730.23 |
| 2029 | $761.55 | $838.15 | $879.36 |
| 2030 | $1,081.89 | $1,180.40 | $1,201.78 |
Solana Price Prediction 2025
Solana’s price is predicted to reach a lowest possible level of $344.69 in 2025. Experts suggest that the coin’s price could reach a maximum value of $412.38 and an average price of $372.05.
Solana Price Prediction 2026
In 2026, the price of Solana is forecasted to be at around a minimum value of $472.87. Solana’s price can reach a maximum of $569.81 and an average trading value of $551.56.
Solana Price Prediction 2027
If the bullish run from the previous years carries on to 2027, SOL can reach a minimum price of $617.16, a maximum price of around $730.23, and an average trading price of $695.37.
Solana Price Prediction 2028
An analysis of the historical performance of SOL shows that the coin could attain new highs in 2028, reaching a maximum price of $730.23, a minimum of $617.16, and an average trading price of $695.37.
Solana Price Prediction 2029
Based on the Solana price prediction for 2029, investors can expect a maximum and minimum SOL price of $879.36 and $761.55. On average, SOL could trade at $838.15.
Solana Price Prediction 2030
Solana’s price is projected to reach a minimum price of $1,081.89 in 2030. Expert findings suggest that SOL’s price could reach a maximum of $1,201.78 and an average forecast price of $1,180.40
Solana market price prediction: Analysts’ SOL price forecast
| Firm | 2024 | 2025 |
| Gov.Capital | $206.33 | $257.52 |
| DigitalCoinPrice | $386.56 | $361.30 |
Cryptopolitan’s Solana (SOL) price prediction
Our predictions show that SOL will achieve a high of $352.36 in the second half of 2024. In 2025, it will range between $344.69 and $412.38, with an average of $372.05. In 2030, it will range between $1,081.89 and $1,201.78, with an average of $1,180.40. Note that these predictions are not investment advice. Seek independent professional consultation or do your research.
Solana (SOL) historic price sentiment
Solana price history; Source: Coinmarketcap
- Solana was launched in April 2020 and has gained popularity over the last 18 months. Its price has surged from $0.75 to a high of $214.96 in early September.
- Following NFT hype and growing demand in the DeFi community, the cryptocurrency Solana (SOL) price more than tripled during the summer of 2021. Solana (SOL) token became the fastest-growing cryptocurrency and is currently ranked fifth with a live market cap of nearly $66 billion.
- 2022 saw Solana leap to its all-time high of $260, but SOL failed to close the year anywhere near that high, as the price came crashing down to below $40 by June. The bearish markets were marked by high skepticism as trading volumes declined throughout the crypto markets.
- The price continued to trade below the $40 level until November 2023, when Solana gained momentum and started a bullish rally again to close the year at $101.84.
- It has overtaken the once-popular Dogecoin, DAI, DASH, Polkadot, VeChain, Eos, etc. It is closely behind Binance Coin (BNB) and Tether (USDT).
- In 2024, Solana has become the go-to platform for many De-Fi applications, including decentralized exchanges, NFTs, and more. The success has been visible in the SOL price, which has risen from a low of $83.62 in January to the recent high of $202.87
- In June, SOL struggled to maintain grip of the $165 level, and the price action was retraced to the $155 mark. However, the bullish pressure is high in the price region as buyers fight to regain the $160 level.
- In July, Solana (SOL) maintained a trading range of $146 to $179. At the time of writing, August 2024, Solana (SOL) traded around $137 – $151 while in September the asset traded around the $131 price level as SOL struggled to initiate a trend in either direction.
- In October, Solana had a positive outlook as the asset’s price rose from $152 to close the month at $167. Unfortunately, the start of November was bearish as the price retraced to $160 in the first few days of the month.
