Loading...

Solana Price Prediction 2024-2030: Is SOL a Good Investment?

Key takeaways

  • Solana (SOL) is currently experiencing notable volatility in its price trajectory, with recent movements indicating a delicate balance between bullish and bearish sentiment within the market.
  • Our Solana price prediction presents an optimistic scenario, forecasting SOL to surge to $500 by the conclusion of 2024.
  • Looking further ahead, by the year 2030, Solana’s price could potentially skyrocket, with projections suggesting a target of $1,000 or higher.

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.

Overview

CryptocurrencySolana
TokenSOL
Price$146.93 
Market Cap$65,905,942,030 
Trading Volume 24-h$2,166,187,205 
Circulating Supply448,654,282 SOL
All-time High$260.06, Nov 07, 2021
All-time Low$0.5052, May 12, 2020
24 High$150.55 
24 Low$143.91 

Solana Price Prediction: Technical analysis

TL;DR Breakdown

  • The Solana price analysis is bearish today
  • Strong support for SOL/USD is present at $145
  • The resistance level is seen at the $152 level

Solana price analysis is going strongly bullish today as the price has crossed above the $131.57 mark again. The price has been on a steady rise since the beginning of the day and it looks like the bullish momentum is not slowing down anytime soon. Though some bearish traces were seen in the last few hours, it was just a minor correction as the price quickly recovered and continued its upward trend. The overall market sentiment is also bullish for SOL, as the cryptocurrency has been in a strong uptrend for the past few days.

Solana price analysis: SOL forms an ascending triangle pattern

According to the 1-day chart for SOL, the bulls are clearly in control as the price continues to move upward. Yesterday’s bullish engulfing candlestick proved to be a strong support level and has pushed the price towards new highs. The market has formed an ascending triangle pattern as the price is moving toward the upper trend line.

SOL/USD technical indicators by Tradingview

The Relative Strength Index (RSI) for SOL/USD is currently at 61.09, indicating that there is still room for growth before reaching over. The CMF (Chaikin Money Flow) indicator is also showing strong buying pressure, with a reading of 0.23. This suggests that investors are confident in the bullish momentum and are pouring more money into SOL.

SOL/USD 4-hour price chart: Bearish momentum makes price fall to $145

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 at $145 has proven to be strong yet again 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

The technical indicators for the 4-hour chart also support the bullish momentum, and the CMF is also showing healthy buying pressure, suggesting that investors are not losing confidence in SOL despite any minor dips. The relative strength index (RSI) is currently at 82.81, indicating strong buying pressure.

Is SOL A Good Investment?

The Solana price analysis shows a clear bullish sentiment in the market as the price continues to move upward. The support level at $145 has proven to be strong, and any corrections are being quickly bought up by investors. The technical indicators also support this bullish momentum and suggest that the price may soon break through its current resistance level and reach new highs in the near future.

Recent News/Updates on Solana

In a recent announcement, Stripe cofounder revealed that Stripe will soon begin accepting USDC payments on the Solana network.

Solana Price Predictions 2024

YearMinimum PriceAverage PriceMaximum Price
2024129.65314.23322.21

At the beginning of 2024, there was a recovery in the price of cryptocurrencies, 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. 

Our pricing projection indicates that the maximum price for Solana will be $30.78 by the end of 2024. The coin’s value will rise and hit $213.69, its highest level in five years. Future prospects and potential are bright for Solana. We anticipate that Solana will continue to appreciate in value until 2033 when it will reach $855.78 at its highest price.

Solana prices, cryptocurrency experts expect that the SOL rate might reach a maximum of $199.75. It might, however, drop to $166.37. The forecasted average of Solana is nearly $171.58.

Solana (SOL) Price Prediction 2025-2030

YearMinimum PriceAverage PriceMaximum Price
2025315.20340.21377.09
2026432.41504.36521.05
2027564.35635.87667.75
2028564.35635.87667.75
2029696.38766.43804.12
2030989.321079.401098.94

Solana price is forecast to reach a lowest possible level of $315.20 in 2025. As per our findings, the SOL price could reach a maximum possible level of $377.09 with the average forecast price of $340.21.

Solana Price Prediction 2026

According to our deep technical analysis on past price data of SOL, In 2026 the price of Solana is forecasted to be at around a minimum value of $342.26. The Solana price value can reach a maximum of $403.74 with the average trading value of $351.85.

Solana Price Prediction 2027

After the analysis of the prices of Solana in previous years, it is assumed that in 2027, the minimum price of SOL will be around $483.78. The maximum expected SOL price may be around $$0.3467. On average, the trading price might be $501.37 in 2027.

Solana Price Prediction 2028

According to our deep technical analysis on past price data of SOL, In 2028 the price of Solana is predicted to reach at a minimum level of $722.60. The SOL price can reach a maximum level of $840.30 with the average trading price of $742.66.

Solana (SOL) Price Prediction 2029

Based on the analysis of the costs of Solana by crypto experts, the following maximum and minimum SOL prices are expected in 2029: $1,272 and $1,081. On average, it will be traded at $1,048.

Solana Price Prediction 2030

Solana price is forecast to reach a lowest possible level of $1,485 in 2030. As per our findings, the SOL price could reach a maximum possible level of $1,769 with the average forecast price of $1,538.

Solana Price Prediction by Experts

Title20242025
CoinCodex3423
DigitalCoinPrice314.2340.1
  • According to Coincodex’s most recent price estimate. Indicating a moderate degree of investor mood, the Fear and Greed Index is currently at 61. The present market prognosis for Solana is bearish (Greed), nevertheless, according to technical indicators from Coincodex.
  • Looking ahead to the future, Coincodex’s Solana forecast suggests that now might not be the best time to purchase Solana, as the indicators point to negative market sentiment. However, it’s important to consider various scenarios.
  • These projections highlight the potential for significant growth in Solana’s value over time, but it’s essential to note that these estimates are speculative and subject to market dynamics and unforeseen factors.
  • According to the latest forecast from DigitalCoinPrice, it is anticipated that the value of Solana cryptocurrency will experience a significant increase of 234.20% by the end of 2025, reaching $74.02.
  • In April, Solana witnessed a substantial price surge of 110.04%, with the cryptocurrency approaching the $42.61 mark. Presently, all indicators are pointing toward a bearish market trend, and the fear & greed index is registering a high level of concern at 8.21. DigitalCoinPrice’s forecast advises against selling Solana at the moment.
  • As per the technical indicators, it is projected that the 200-day simple moving average (SMA) will decline and the price of Solana will reach approximately $21.67 by the end of December. This trend is expected to continue in 2024, with the short-term 50-day SMA, indicating a price of $21.65.

Solana (SOL) Historic Price sentiment

  • Solana was launched in April 2020 and has gained popularity over the last 18 months. The price of Solana 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 price of cryptocurrency Solana or SOL more than tripled during the summer of 2021. Solana (SOL) token became the fastest-growing cryptocurrency and is currently ranked at position five with a live market cap of $66.4 billion.
  • It has overtaken the likes of the once-popular Dogecoin, DAI, DASH, Polkadot, VeChain, Eos, and many others. It is closely behind Binance Coin (BNB) and Tether (USDT).
  • The collapse of crypto trader FTX in 2022 especially impacted the cryptocurrency, as FTX and its sister firm Alameda Research sold a large amount of the coin in order to avoid bankruptcy.
  • Solana’s price briefly surged to a four-week high of $38.48 on 6 November 2022 after Google Cloud announced it had become a validator on the blockchain.
  • Google Cloud has been working with @solana to bring Blockchain Node Engine to the Solana chain next year, so it will be easy for anyone to launch a dedicated Solana node in the cloud.

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.

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.

Share link:

Most read

Loading Most Read articles...

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

Related News

eos price prediction
Cryptopolitan
Subscribe to CryptoPolitan