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 rise to 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.
Overview
| Cryptocurrency | Solana |
| Token | SOL |
| Price | $5.60 |
| Market Cap | $63,721,441,065 |
| Trading Volume 24-h | $2,985,247,224 |
| Circulating Supply | 462,880,552 SOL |
| All-time High | $260.06 Nov 07, 2021 |
| All-time Low | $0.5052, May 12, 2020 |
| 24 High | $137.91 |
| 24 Low | $126.06 |
Solana price prediction: Technical analysis
| Volatility | +10.31% |
| Sentiment | Bearish |
| 50-Day SMA | $155.44 |
| 200-Day SMA | $136.52 |
| Price Prediction | $291.68 (111.68%) |
| F & G Index | 17.94 (extreme fear) |
| Green Days | 12/30 (40%) |
| 14-Day RSI | 46.33 |
Solana price prediction: Bullish momentum builds as bulls aim to secure $160 level
TL;DR Breakdown
- The Solana price analysis is bearish today.
- Strong support for SOL/USD is present at $30
- The resistance level is seen at the $45 level.
The Solana price analysis shows that the SOL price action has found support at the $130 mark where it currently trades. However, the increasing bearish pressure suggests that this might not be the end of the downtrend.
The broader cryptocurrency market observed bullish sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Major players include JASMY and AR, recording a 6.79 and a 5.29 percent incline, respectively.
Solana price analysis 1-day chart: SOL falls to $130 amidst rising bearish pressure
The 24-hour SOL/USD price chart indicates a downward trend in the market as prices moved toward the $120 level. The lack of bullish support between $170 and $130 suggests strong bearish activity across the short-term markets that may dictate price action across the mid-term charts.
The Indicators reflect the bullish price sentiment as all three major technical indicators show signs of a bullish crossover. The MACD is slightly bullish at 0.33 units, moving towards a bearish crossover, while the EMAs are below the mean position, and their gradient becomes positive as the price level rises. The RSI also shares this sentiment as the indicator rose to 46.27 from the 40.00 index level. The converging Bollinger Bands suggest lower volatility, indicating that the $120.00 support may hold for the week.
SOL/USD 4-hour price chart: Bearish momentum makes price fall to $120
The 4-hour price chart of SOL shows a sharp decline as the price fell from above the $155 mark to the $120 support. The price movement indicates sudden increase of selling pressure with the buyers failing to keep up with the sharp momentum.
The RSI is at 51.22 suggesting that the asset is in at the center of the neutral zone, which might indicate room for further short-term decline. However, the upwards slope suggests the asset will recover across the short-term. The MACD shows a bullish crossover with the MACD line at +0.78 showing low bullish dominance across the 4-hour charts. These indicators collectively confirm the reversing bearish trend.
Solana technical indicators: Levels and action
Daily simple moving average (SMA)
| Name | Value | Action |
|---|---|---|
| SMA (10) | $141.89 | SELL |
| SMA (20) | $139.74 | SELL |
| SMA (30) | $145.89 | SELL |
| SMA (50) | $155.44 | SELL |
| SMA (100) | $156.26 | SELL |
| SMA (200) | $136.52 | SELL |
Daily exponential moving average (EMA)
| Name | Value | Action |
|---|---|---|
| EMA (10) | $140.71 | SELL |
| EMA (20) | $142.78 | SELL |
| EMA (30) | $145.32 | SELL |
| EMA (50) | $148.63 | SELL |
| EMA (100) | $147.93 | SELL |
| EMA (200) | $134.16 | SELL |
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.
Solana price analysis shows that the SOL price faced resistance around the $155-$160 level, causing a pullback to the $160 mark before finding a foothold. Since then, the price has made a steady recovery to the $175 mark before being rejected at that level.
Traders should expect Solana to continue its attempt to recover towards the $155-$160 mark. However, the price is likely to stay within the $30-$140 range for the next few days as the bulls face corrections and work to regenerate momentum. Movement below $130 may mean a drop to the $120 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 10% 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.
| Month | Minimum Price | Average Price | Maximum Price |
| July | $113.90 | $137.79 | $252.78 |
Solana price predictions 2024
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $118.77 | $287.86 | $295.17 |
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. 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
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $288.74 | $311.66 | $345.45 |
| 2026 | $396.12 | $462.04 | $477.33 |
| 2027 | $516.99 | $582.50 | $611.71 |
| 2028 | $516.99 | $582.50 | $611.71 |
| 2029 | $637.94 | $702.11 | $736.64 |
| 2030 | $906.29 | $988.82 | $1,006.72 |
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 Market Price Prediction: Analysts’ SOL Price Forecast
| Firm | 2024 | 2025 |
| Gov.Capital | $206.33 | $257.52 |
| DigitalCoinPrice | $386.56 | $418.52 |
BitcoinLinux’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 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 nearly $66 billion.
- 2022 saw Solana leap to its all time high of $260, but SOL failed to close the year anywhere near 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 once again to close the year at $101.84.
- 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).
- 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 lows of $83.62 in January to the recent highs of $202.87
- In June SOL has struggled to maintain grip of the $165 level and the price action has 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 has fallen from the $155 price level to the $120.00 support. While the bulls have recovered somewhat, the price action still remains bearish.
