Solana price prediction 2024-2030: Is SOL a good investment?

Key takeaways

  • Solana’s price struggled to cross $160 in June but is expected to surpass $290 by the end of 2024
  • By 2027, SOL is expected to reach a new high of $600, driven by mainstream adoption of its dApps.
  • Solana’s price could surpass the $1,000 mark 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.


Market Cap$67,289,082,067
Trading Volume 24-h$1,803,363,248
Circulating Supply463,962,659 SOL
All-time High$260.06 Nov 07, 2021
All-time Low$0.5052, May 12, 2020
24 High$144.76
24 Low$139.47

Solana price prediction: Technical analysis

50-Day SMA$149.12
200-Day SMA$141.15
Price Prediction$365.05 (111.68%)
F & G Index26.13 (fear)
Green Days20/30 (67%)
14-Day RSI77.12

Solana price prediction: Bullish momentum crumbles as bulls fail to cross $185.00 level

TL;DR Breakdown

  • The Solana price analysis is bearish today.
  • Strong support for SOL/USD is present at $170.
  • The resistance level is seen at the $185 level.

The Solana price analysis for today, July 23, shows that the SOL price action has found support at the $170 mark. Moreover, the bears have pushed the price to below the $180 level as the bulls failed to cross the $185.00 mark

The broader cryptocurrency market observed bearish sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements. Major players include AVAX and ICP, recording a 7.04 and a 5.806.88 percent decline, respectively.

Solana price analysis 1-day chart: SOL rises to $185 amidst rising bullish pressure

The 24-hour SOL/USD price chart indicates high volatility as the price action rises rapidly towards the $190.00 mark. However, the strong momentum was halted by the bears at the $185.00 mark as the broader cryptocurrency market observed a bearish period.

Solana (SOL) price targets $190, halted by the bears at $185

The Indicators reflect the bullish price sentiment as all three major technical indicators show signs of a bullish dominance. The MACD is slightly bullish at 3.65 units, moving towards a lower level, while the EMAs are abovethe mean position, and their gradient becomes negative as the price level falls. The RSI also shares this sentiment as the indicator rose to 61.79 from the 40.00 index level. The converging Bollinger Bands suggest lower volatility, indicating that the $170.00 support may hold for the week.

SOL/USD 4-hour price chart: Bearish momentum makes price fall to $170.00

The 4-hour price chart of SOL shows a sharp decline as the price fell from above the $185 mark to the $170 support.

Solana falls to $170 after failing to breach $185 resistance

The RSI is at 50.26 suggesting that the asset is in at the center of the neutral zone, which might indicate room for further short-term decline. However, the downwards slope suggests the asset will fall further across the short-term. The MACD shows a strong selling pressure with the MACD line at +1.24 showing bearish dominance across the 4-hour charts. These indicators collectively confirm the reversing bullish trend.

Solana technical indicators: Levels and action

Daily simple moving average (SMA)

SMA (10)$141.89SELL
SMA (20)$139.74SELL
SMA (30)$145.89SELL
SMA (50)$155.44SELL
SMA (100)$156.26SELL
SMA (200)$136.52SELL

Daily exponential moving average (EMA)

EMA (10)$140.71SELL
EMA (20)$142.78SELL
EMA (30)$145.32SELL
EMA (50)$148.63SELL
EMA (100)$147.93SELL
EMA (200)$134.16SELL

What to expect from Solana price analysis?

The 4-hour Solana price analysis chart shows a small dip in the price, which was quickly bought up by investors. This minor correction was followed by another bullish candlestick, indicating that the bulls are still in control and any dips are being seen as buying opportunities. The support level around $120 has proven to be strong during this dip, and it is likely to continue holding if there are further corrections in the near future.

4-hour price chart by Tradingview

Solana price analysis shows that the SOL price faced resistance around the $185-$190 level, traders should expect a pullback to the $170 mark before finding a foothold.

Traders should expect Solana to continue falling as the price struggles to establish a foothold above the $160.00 level. As such, the price can be expected to hover between the $160-$180 range across the next few days. Movement below $160 may mean a drop to the $150 mark, but further downward movement is unlikely given the current market sentiment.

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 2% across the last 24 hours?

Solana price hit a key support level as the bears crushed support levels above the $120 mark. However, the $120 support held on and the buyers did not hesitate to buy the dip. The sharp increase of bullish pressure caused the price to return to the $135 level as the bulls seek to go higher.

Will SOL Recover?

Solana price is expected to recover swiftly as investors buy the dip on many major altcoins across the crypto market. However, the bulls need to weather the current bearish pressure so a recovery should be expected my mid-June at the earliest.

Will SOL Reach $200?

Solana is undergoing a a high volatility period that may see it reach the $200 mark before the year closes.

Will SOL Reach $500?

The Chance of NEAR 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

In an X post, Solana announced the launch of Blinks which enables users to post links directly to on-chain transactions. This enables users to post links to vote, donate, mint, swap, and pay on Solana across social media platforms.

Solana price predictions July 2024

A bearish start to the month of July 2024 saw SOL falling from $155 to $120 in the first few days. Moreover, the market may soon continue the recovery pushing SOL towards $150. Based on expert analysis, Solana (SOL) could reach $252.78 by the end of July.

MonthMinimum PriceAverage PriceMaximum Price

Solana price predictions 2024

YearMinimum PriceAverage PriceMaximum Price

At the beginning of 2024, the price of cryptocurrencies recovered, but recent events have shown that bears are now in control of price dynamics, slowing growth. Solana (SOL), which has seen its value fall by 3.16% today, has also been affected by this trend. Experts expect that SOL might reach a maximum price of $295.17, an average price of $287.86, and a minimum price of $118.77.

Solana (SOL) price prediction 2025-2030

YearMinimum PriceAverage PriceMaximum Price

Solana price prediction 2025

Solana price is predicted to reach a lowest possible level of $288.74 in 2025. Experts suggest that the coin’s price could reach a maximum value of $345.45 and an average price of $311.66.

Solana price prediction 2026

In 2026, the price of Solana is forecasted to be at around a minimum value of $396.12. Solana’s price can reach a maximum of $477.33 and an average trading value of $462.04.

Solana price prediction 2027

If the bullish run from the previous years carries on to 2027, SOL can reach a minimum price of $516.99, a maximum price of around $611.71. On average, the trading price might be $582.50.

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 $611.71, a minimum of $516.99, and an average trading price of $582.50.

Solana (SOL) price prediction 2029

Based on the analysis of Solana by crypto experts, the following maximum and minimum SOL prices are expected in 2029: $736.64 and $637.94. On average, SOL could trade at $702.11.

Solana price prediction 2030

Solana price is projected to reach a minimum price of $906.29 in 2030. Expert findings suggest that SOL’s price could reach a maximum of $1,006.72 and an average forecast price of $988.82.

Solana price prediction 2024-2030

Solana Market Price Prediction: Analysts’ SOL Price Forecast


Cryptopolitan’s Solana (SOL) price prediction

Our predictions show that SOL will achieve a high of $381.93 in the second half of 2024. In 2025, it will range between $288.74 and $345.45, with an average of $311.66. In 2030, it will range between $906.29 and $1,006.72, with an average of $988.82. Note the predictions are not investment advice. Seek independent professional consultation or do your research.

Solana (SOL) Historic Price Sentiment

Solana price history. Image 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 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 at the price region as buyers fight to regain the $160 level.
  • In July, Solana (SOL) is currently trading between $170 to $178.


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.

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.

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