Sat, May 25

Solana (SOL) Price Prediction 2024, 2025, 2026-2030

Solana (SOL) Crypto Price Prediction
  • Bullish SOL price prediction for 2024 is $203.64 to $342.89.
  • Solana (SOL) price might reach $400 soon.
  • Bearish (SOL) price prediction for 2024 is $83.31.

In this Solana (SOL) price prediction 2024, 2025, 2026-2030,  we will analyze the price patterns of SOL by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency

TABLE OF CONTENTS
INTRODUCTION
  • Solana (SOL) Current Market Status
  • What is Solana (SOL)?
  • Solana (SOL) 24H Technicals
SOLANA (SOL) PRICE PREDICTION 2024
  • Solana (SOL) Support and Resistance Levels
  • Solana (SOL) Price Prediction 2024 — RVOL, MA & RSI
  • Solana (SOL) Price Prediction 2024 — ADX, RVI
  • Comparison of SOL with BTC, ETH
SOLANA (SOL) PRICE PREDICTION 2025, 2026-2030
CONCLUSION
FAQ

Solana (SOL) Current Market Status

Current Price $181.38
24 – Hour Price Change 2.72% Up
24 – Hour Trading Volume $3,552,601,167
Market Cap $81,464,330,281
Circulating Supply 449,153,821 SOL
All – Time High $260.06 (On Nov 07, 2021)  
All – Time Low $0.5052 (On May 11, 2020)  
SOL Current Market Status (Source: CoinMarketCap)

What is Solana (SOL)

TICKERSOL
BLOCKCHAINSolana 
CATEGORYEthereum Scaling Solution
LAUNCHED ONMarch 2020
UTILITIESGovernance, security, gas fees & rewards

Solana (SOL), a cryptocurrency coin, operates on its own scalable blockchain, enabling faster transaction speeds, and was introduced in March 2020. By combining proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms, Solana enhances scalability and facilitates the creation of decentralized applications (DApps). In addition, With its hybrid model, Solana can validate blocks efficiently and provide accurate timestamps. 

Further, Solana has also made significant strides in revolutionizing the NFT marketplace. Solana-based NFTs are gaining traction and are increasingly becoming a preferred choice over Ethereum-based NFTs.

Solana 24H Technicals

(Source: Tradingview)

Solana (SOL) Price Prediction 2024

Solana (SOL) ranks 5th on CoinMarketCap in terms of its market capitalization. The overview of the Solana price prediction for 2024 is explained below with a daily time frame.

SOL/USDT Rounding Bottom Pattern (Source: TradingView)

In the above chart, Solana (SOL) laid out a rounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.

At the time of analysis, the price of Solana (SOL) was recorded at $181.38 If the pattern trend continues, then the price of SOL might reach the resistance level of $193.92, and $257.68. If the trend reverses, then the price of SOL may fall to the support of $141.68, and $118.09.

Solana (SOL) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Solana (SOL) in 2024.

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

From the above chart, we can analyze and identify the following as resistance and support levels of Solana (SOL) for 2024.

Resistance Level 1$203.64
Resistance Level 2$342.89
Support Level 1$125.54
Support Level 2$83.31

SOL Resistance & Support Levels

Solana (SOL) Price Prediction 2024 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Solana (SOL) are shown in the chart below.

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

From the readings on the chart above, we can make the following inferences regarding the current Solana (SOL) market in 2024.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $153.91Price = $182.70
(50MA < Price)
Bullish/Uptrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions65.88
<30 = Oversold
50-70 = Neutral>70 = Overbought
Neutral
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak volume

Solana (SOL) Price Prediction 2024 — ADX, RVI

In the below chart, we analyze the strength and volatility of Solana (SOL) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

SOL/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Solana (SOL).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum17.95Weak Trend
Relative Volatility Index (RVI)Volatility over a specific period51.00

<50 = Low
>50 = High
High volatility

Comparison of SOL with BTC, ETH

Let us now compare the price movements of Solana (SOL) with that of Bitcoin (BTC), and Ethereum (ETH).

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

From the above chart, we can interpret that the price action of SOL is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of SOL also increases or decreases respectively.

Solana (SOL) Price Prediction 2025, 2026 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Solana (SOL) between 2025, 2026, 2027, 2028, 2029, and 2030.

Year Bullish Price Bearish Price
Solana (SOL) Price Prediction 2025$480$80
Solana (SOL) Price Prediction 2026$515$75
Solana (SOL) Price Prediction 2027$560$70
Solana (SOL) Price Prediction 2028$600$65
Solana (SOL) Price Prediction 2029$640$60
Solana (SOL) Price Prediction 2030$750$55

Conclusion

If Solana (SOL) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Solana (SOL) price prediction for 2024 is $342.89. Comparatively, if unfavorable sentiment is triggered, the bearish Solana (SOL) price prediction for 2024 is $83.31. 

If the market momentum and investors’ sentiment positively elevate, then Solana (SOL) might hit $400. Furthermore, with future upgrades and advancements in the Solana ecosystem, SOL might surpass its current all-time high (ATH) of $260.06 and mark its new ATH. 

FAQ

1. What is Solana (SOL)?

Solana (SOL) is the native crypto coin of Solana. Solana runs on a scalable blockchain that runs with a hybrid consensus model that integrates proof-of-stake (PoS) and proof-of-history (PoH). SOL was launched in March 2020.

2. Where can you purchase Solana (SOL)?

Solana (SOL) has been listed on many crypto exchanges which include Binance, OKX, Bybit, Bitunix, and CoinTR Pro.

3. Will Solana (SOL) reach a new ATH soon?

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

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

On November 06, 2021, SOL reached its new all-time high (ATH) of $260.06.

5. What is the lowest price of Solana (SOL)?

According to CoinMarketCap, SOL hit its all-time low (ATL) of $0.5052 on May 11, 2020.

6. Will Solana (SOL) reach $400?

If Solana (SOL) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $400 soon.

7. What will be Solana (SOL) price by 2025?

Solana (SOL) price is expected to reach $480 by 2025.

8. What will be Solana (SOL) price by 2026?

Solana (SOL) price is expected to reach $515 by 2026.

9. What will be Solana (SOL) price by 2027?

Solana (SOL) price is expected to reach $560 by 2027.

10. What will be Solana (SOL) price by 2028?

Solana (SOL) price is expected to reach $600 by 2028.


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

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.