Solana Price Prediction – Will SOL Hit $300 Soon?

Solana Price Prediction — Will SOL Hit $300 Soon?
  • Bullish SOL price prediction is $216 to $260.32.
  • The SOL price might also reach $300.
  • SOL bearish market price prediction for 2022 is $115.

In Solana (SOL) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about SOL to analyze the future movement of the cryptocurrency.

Solana is a general purpose blockchain like Ethereum. It has a different technical basis for developers to write applications using Rust instead of Solidity or Vyper. End user applications include DeFi, non-fungible tokens (NFT), markets, games and more.

One of its biggest features is its scaling, in which Solana can process up to 700,000 transactions per second. Its high performance capability attracts high frequency traders, with FTX and Alameda Research leading the way. The first application for DeFi in Solana was Serum, which was built by the team behind FTX.

SOL Current Market Status

According to coingecko, the price of SOL is $192.35 with a 24-hour trading volume of $2,107,442,342 at the time of writing. However, SOL has decreased to 3.7% in the last 24 hours.

Moreover, SOL has a circulating supply of 309,312,302 SOL. Currently, SOL trades in cryptocurrency exchanges such as Binance, OKEx, FTX, Huobi Global, and Bybit.

What is Solana (SOL)?

Solana is a highly functional open source project that specializes in blockchain technology to provide decentralized finance (DeFi) solutions. Solana was officially launched in March 2020 by the Solana Foundation, headquartered in Geneva, Switzerland, where the idea and initial work on the project began in 2017.

The Solana protocol is conveniently designed to create a decentralized application (DApp). It aims to improve measurement by introducing proof-of-history (PoH) consensus in conjunction with the basic proof-of-stake (PoS) consensus of blockchain.

Due to the innovative hybrid consensus model, Solana enjoys interest from short-term traders and institutional traders. A significant focus of the Solana Foundation is the large-scale access to decentralized funding.

Solana Pros and Cons

The Solana ecosystem contains many pros and cons. Now let us see some of them


  • Solana leverages sharding technology to maintain its rate of transactions as well as its energy efficiency.
  • Solana technology allows users to process all the transactions, no matter how small or big they are, at an extremely fast pace while still leveraging decentralization for governance and security purposes.
  • Solana will be able to process transactions at a very fast speed, making sure that users do not have to spend so much money in the process.
  • Streams transactions without waiting for global consensus, without sacrificing security.
  • The performance of Solana is predicted to be very high since it has been designed to scale with the developments coming from the blockchain sector.
  • Solana was supported by the big players in the industry like FTX exchange and Alameda Research.
  • As per Solana whitepaper, it does not rely only on transaction fees, but also on ecosystem development and value creation.
  • The applications of blockchain technology are not limited.


  • Solana has not gained much traction by users because of its low user base, which makes it very hard for the token price to increase at all.
  • In the Solana project, a not yet clear roadmap was created.
  • MAnyimplementation still await its launch on the Mainnet Beta version.
  • The satisfactory hardware setup for Solana is relatively costlier.
  • Solana has been criticized for not being decentralized enough.
  • The Solana network doesn’t work smoothly as advertised.
  • The distribution and emissions schedule makes it unattractive.

Analyst View on SOL

Solana just became the best performing Crypto, but it looks like a victim of its success. On Tuesday, a five-hour network disruption halted Solana’s climb.

It flipped Cardano’s ADA, which couldn’t keep up with the “Ethereum killer.” ADA is up 2% today but down 8% in the previous week. Solana’s market valuation currently exceeds $64 billion, while Cardano’s is $63.5 billion. Just eight days ago, SOL hit an all-time high of $219.05, and the current price of roughly $217 isn’t far behind.

On the daily chart, Solana looks to have halted after breaking out of a symmetrical triangle. However, SOL may close firmly above its previous all-time high of $219, re-entering price discovery mode. The token might rise another 17% to $257, the triangle’s target if this happens.

SOL’s prospective positive impulse might boost its market worth by over $10 billion. However, the Reddit Community is pessimistic about Solana’s pricing. They expect SOL to be approximately $65 by the end of 2021. Furthermore, according to analyst Long Forest, the coin will be worth roughly $106 by the end of 2021.

Commencement of a New Uptrend

A daily candlestick close above $220.21 will mark the commencement of a new uptrend. In this case, SOL may target the 161.8% trend-based Fibonacci extension mark at $384.08. This rise would be a 100% uptrend.

If the price of Solana closes below $188.69, it indicates that buyers are fading and bears are taking power.

It will then fall by at least 9% to retest the 5 percent Fibonacci retracement line at 170.01. If the selling pressure persists, Solana may test the $155.78 support level. This decline would be around 17% from $188.69, when buyers may opt to resume the upswing.

According to CoinMarketCap, the SOL price is $191.92 with a 24-hour trading volume of $2,349,711,258.

Solana (SOL) Price Prediction 2022

Solana holds the 5th  position on CoinGecko right now. SOL price prediction 2022 explained below with a daily time frame.

SOL/USDT Ascending Channel Trend Pattern (Source: Tradingview)

The ascending channel is the price action between the upward-sloping parallel lines. Higher highs and lows characterize this price system. Technical analysts are creating an ascending channel by drawing the lower trend line connecting the swing lows and the upper channel line connecting the swing highs. This pattern clearly defined the bullish trend. So crypto traders can trade between the pattern’s support and resistance levels.

Currently, SOL is at $192.42. If the pattern continues, the price of SOL might reach the resistance level to $216 and $258. If the trend reverses, then the price of SOL may fall to $115.

Solana (SOL) Support and Resistance Level

The below chart shows the support and resistance level of SOL.

SOL/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of SOL.

  • Resistance Level 1 – $260.32
  • Resistance Level 2- $408.57
  • Support Level 1 – $118.91
  • Support Level 2 – $49.29
  • Support Level 3 – $22.67

The charts show that SOL has performed a bullish trend over the past month. If this trend continues, SOL might run along with the bulls overtaking its resistance level at $408.57.

Accordingly, if the investors turn against the crypto, the price of the SOL might plummet to almost $22.67, a bearish signal.

Solana Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of SOL is shown in the below chart. RVOL is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of SOL is below the cutoff line, it indicates weaker participants in the current trend.

SOL/USDT RVOL, MA, RSI (Source: TradingView)

More so, the SOL’s Moving Average (MA) is shown in the chart above. Currently, SOL is in a bearish state. Notably, the SOL price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of SOL at any time.

Meanwhile, the relative strength index (RSI) of the SOL is at level 52.61. This means that SOL is in an neither overbought nor oversold state. However, this means a major price reversal of SOL may occur in the upcoming days.

Solana Price Prediction 2022 — ADX, RVI

Let us now look at Solana’s Average Directional Index (ADX). ADX helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. ADX is a component of the Directional Movement System which was developed by Welles Wilder. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

SOL/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of Solana. Currently, SOL lies in the range at 17.95, so it indicates a weak trend. 

From the above chart, the Relative Volatility Index (RVI) of SOL. It measures the constant deviation of price changes over a period of time rather than absolute price changes. The RVI of SOL is below the 50 level, indicating that the direction of volatility is low . In fact, SOL’s RSI is at the 52.61 level thus confirming a potential sell signal.

Comparison of SOL with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum and Solana.

BTC Vs ETH Vs SOL Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH and SOL is moving at the upward trend. But, the recent trend of BTC moves in a downward direction.


With continuous improvements in the Solana network, we can say that 2022 is a good year for SOL. For this reason, the bullish price prediction of Solana in 2022 is $260. On the other hand,  the bearish SOL price prediction for 2022 is $115.

Furthermore, with the advancements and upgrades on the SOL ecosystem, the performance of SOL would rise reaching $260 very soon. But, it might also reach $300 if the investors believe that SOL is a good investment in 2022.


1. What is Solana?

Solana is a powerful open source project that uses the unauthorized features of blockchain technology to provide decentralized finance (DeFi) solutions.

2. Where can you purchase SOL?

SOL has listed on many crypto exchanges which include Binance, OKEx, FTX, Huobi Global, and Bybit.

3. Will SOL reach a new ATH soon?

With the ongoing developments and upgrades within the SOL platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Solana?

On Nov 6, 2021, SOL reached its new all-time high (ATH) of $259.96.

5. Is SOL a good investment in 2022?

Solana (SOL) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of SOL in the past few months, SOL is considered a good investment in 2022.

6. Can Solana (SOL) reach $300?

Solana (SOL) is one of the active cryptocurrencies that continue to maintain its Bullish state. Eventually, if this bullish trend continues then Solana (SOL) will hit $300 soon.

7. What will be the SOL price by 2023?

Solana (SOL) price is expected to reach $410 by 2023.

8. What will be the SOL price by 2024?

Solana (SOL) price is expected to reach $560 by 2024.

9. What will be the SOL price by 2025?

Solana (SOL) price is expected to reach $625 by 2025.

10. What will be the SOL price by 2026?

Solana (SOL) price is expected to reach $700 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Monisha is a Senior Programmer in the Automotive Embedded domain. Her interest in the cryptocurrency field made her write about crypto and blockchain-related news.