🔥 Land A High Paying Web3 Job In 90 Days LEARN MORE

Solana Price Prediction 2024-2030: Trends and Insights for Investors

Key takeaways

  • Solana’s price struggled to cross $160 in June but is expected to surpass $518.64 by the end of 2024.
  • By 2027, SOL is expected to reach a new high of $1,074.82, driven by mainstream adoption of its dApps.
  • Solana’s price could surpass the $1,000 mark, potentially reaching $1,768.88 or higher by 2030.

Despite occasional challenges for solana ecosystem, 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 go solana statistics find out.

Overview

CryptocurrencySolana
TokenSOL
Price$222.84
Market Cap$106.05B
Trading Volume 24-h$5.09B
Circulating Supply476,112,682.72SOL
All-time High$263.83 Nov 23, 2024 
All-time Low$0.5052, May 12, 2020
24-hour High$237.58
24-hour Low$222.78

Solana price prediction: Technical analysis

Sentiment Bullish
50-Day SMA $208.88
200-Day SMA $164.47
Price Prediction$487.27 (118.84%)
F & G Index 14.98 (extreme fear)
Green Days 13/30 (44%)
14-Day RSI 40.92

Solana price analysis

At press time (December 9), 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 230 resistance levels since early July but has now overcome that level as the bulls attempt to cross the $250 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, current solana price 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 showed incredible bullish momentum throughout November.

SOL/USD chart. TradingView

Also, on the chart, both the signal line and the MACD line of the Moving Average Convergence Divergence indicator are trending downwards, signaling decreasing 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)

PeriodValueAction
SMA 3$ 209.01BUY
SMA 5$ 220.62BUY
SMA 10$ 224.31SELL
SMA 21$ 236.31SELL
SMA 50$ 207.58BUY
SMA 100$ 175.23BUY
SMA 200$ 166.02BUY

Daily exponential moving average (EMA)

PeriodValueAction
EMA 3$ 226.57SELL
EMA 5$ 213.37BUY
EMA 10$ 192.00BUY
EMA 21$ 172.42BUY
EMA 50$ 157.85BUY
EMA 100$ 152.68BUY
EMA 200$ 145.03BUY

What to expect from Solana price analysis?

SOL/USDT Chart by Tradingview

Solana’s price analysis shows that it faced resistance around the $230 level. The bulls have so far managed to push the coin above the $225 mark while the sentiment remains bullish. The bullish run coincides with the platform’s rising total value locked (TVL).

See also  Conflux price prediction 2024-2030: Can CFX price lead China’s crypto market?

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 solana prediction the 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 hovered until recently as the bearish pressure escalated.

Will SOL reach $500?

The Chance of SOL reaching the $500 mark depends on various circumstances such as future network development, market capitalization, 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 solana forecast its potential for sustained growth.

Recent news/updates on Solana

Solana announced that USDS stablecoin went live on the Solana blockchain network

Solana price prediction December 2024

A bullish start to November 2024 saw SOL rise from $150 to $160 across the month. Moreover, the market may be solana could soon continue the bullish rally pushing SOL towards $180. Based on expert analysis, Solana (SOL) could reach $309.18 by the end of November.

MonthMinimum Price ($)Average Price ($)Maximum Price ($)
December235.99235.99518.64

Solana price predictions 2024

YearMinimum PriceAverage PriceMaximum Price
2024$208.69$505.79$518.64

The SOL price prediction for 2024 suggests a minimum value of $208.69 with an average price of $505.79. The price could reach a maximum of $518.64 during the year.

Solana (SOL) price prediction 2025-2030

YearMinimum PriceAverage PriceMaximum Price
2025$507.34$547.61$606.98
2026$696.01$811.83$838.69
2027$908.38$1,023.50$1,074.82
2028$908.38$1,023.50$1,074.82
2029$1,120.91$1,233.66$1,294.32
2030$1,592.42$1,737.42$1,768.88

Solana Price Prediction 2025

Solana’s price is predicted to reach a lowest possible level of $507.34 in 2025. Experts suggest that the solana coin’s price could reach a maximum value of $606.98 and an average price of $547.61.

Solana Price Prediction 2026

In 2026, the price of Solana is forecasted to be at around a minimum value of $696.01. Solana’s price can reach a maximum of $838.69 and an average trading value of sol prediction is $811.83.

See also  Floki Inu price prediction 2024-2030: Can FLOKI surpass previous ATH?

Solana Price Prediction 2027

If the bullish run from the previous years carries on to 2027, SOL can reach a minimum price of $908.38, a maximum price of around $1,074.82, and an expected average trading price of $1,023.50.

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 $1,074.82, a minimum of $908.38, and an average trading price of $1,023.50.

Solana Price Prediction 2029

Based on the Solana price prediction for 2029, investors can expect a maximum and minimum SOL price of $1,294.32 and $1,120.91. On average, the SOL coin could trade at $1,233.66.

Solana Price Prediction 2030

Solana’s price is projected to reach a minimum price of $1,592.42 in 2030. Expert findings suggest that buy SOLana’s price could reach a maximum of $1,768.88 and an average forecast price of $1,737.42​

Solana price forecast and prediction 2024-2030

Solana market price prediction: Analysts’ SOL price forecast

Firm20242025
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 $518.64 in the second half of 2024. In 2025, it will range between $507.34 and $606.98, with an average of $547.61. In 2030, it will range between $1,592.42 and $1,768.88, with an average of $1,737.42. Note that these predictions are not investment advice. Seek independent professional consultation or do your research.

Solana (SOL) historic price sentiment

Solana Price History

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.
  • However, Solana bounced back sharply and was able to close the month above the $230 mark. December on the other hand has observed a slow start as price volatility remains low.

FAQs

Is Solana a good investment?

Yes. Solana is a good long-term investment.

What is the utility of the SOL token?

Sol tokens are used as governance tokens for voting, staked for delegation, and to pay for processing fees.

Where can I buy SOL?

You can buy Solana on Binance, Coinbase, Bitfinex, KuCoin, and Kraken.

Is there a risk to staking Solana?

Yes, staked Solana can be slashed if a node operates maliciously.

Can the Solana price crash?

The price of Solana cryptocurrency crashed at the beginning of September 2021 due to a network outage, something that is extremely rare and most likely will never happen again in the future. 

Is Solana a scam or legit?

Solana is a legit blockchain network, just like other blockchains like Ethereum. As a result, the native token, the Solana coin, which is commonly referred to as SOL coin, is a legit cryptocurrency.

Where do I safely store SOL?

Once you purchase SOL coins, you should store them in a secure place. Most of the exchanges where you can buy SOL offer in-built crypto exchange wallets. Other wallets that allow storage of SOL coins include the atomic wallet and Ledger hardware wallet.

Share link:

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Editor's choice

Loading Editor's Choice articles...
Cryptopolitan
Subscribe to CryptoPolitan