Solana Prediction Highlights
Solana is a high-performance blockchain platform designed for dApps and crypto projects. SOL is the native cryptocurrency of the Solana network.
Solana price prediction highlights:
- InvestingHaven’s forecaster expects a buy opportunity to occur late summer 2024. A drop in the $66.88 to $82.84 area in 2024 should be bought for the 2025 bull run, is the forecasted investing thesis for Solana.
Table of contents
- Solana Price Prediction 2024
- InvestingHaven’s Solana Price Forecast 2024
- Solana Price Prediction 2025
- InvestingHaven’s Solana Price Forecast 2025
- Very Short Term Solana Price Prediction
- Solana Price Predictions till 2030
- Long Term Solana Price Predictions
- SOL Price Prediction 2026
- SOL Price Forecast 2027
- SOL Prediction 2028
- SOL Forecast 2029
- SOL Prediction 2030
- SOL Price Technical Indicators
- Solana Historical Prices
- Conclusion
- FAQs
Solana price, trading volume, market cap – coming soon.
Solana Price Prediction 2024
2024 SOL Price Forecast – Solana is expected to see a minimum of $118.49 and a maximum of $230.79 in 2024, with an average of $160.09. Given today’s price of $154, approaching the lower end could represent a buying opportunity.
| SOL prediction | Minimum | Average | Maximum |
|---|---|---|---|
| June 2024 | $140.61 | $156.64 | $193.44 |
| July 2024 | $118.49 | $143.91 | $167.4 |
| August 2024 | $131.99 | $158.73 | $184.84 |
| September 2024 | $123.88 | $143.58 | $186.99 |
| October 2024 | $143.27 | $172.73 | $230.79 |
| November 2024 | $148.56 | $180.06 | $225.74 |
| December 2024 | $126.27 | $164.96 | $207.19 |
InvestingHaven Solana Price Forecast 2024
At InvestingHaven, we’re big believers in leveraging AI to its best effect. But we are also well aware of its limitations and the importance of intelligent engineering. We take AI predictive analysis and combine it with skilled trading analysis to get a clearer understanding of coin prices.
Solana is an ecosystem that recently saw a lot of popularity, mainly due to the hype surrounding meme tokens. In such an environment, getting a clear picture of coin value can be difficult.
Below, you’ll find our analysis of what potentially lies ahead for SOL, after its meteoric rise in late 2023.
InvestingHaven’s forecaster on the price of Solana in 2024:
InvestingHaven’s analyst predicts Solana to retrace the remainder of 2024. Late summer 2024, SOL should dip in the $82.84 – $118.88 area. This will offer a buy opportunity especially considering today’s SOL price . Buy the dip in SOL if it enters the $66.88 to $82.84 area.
Solana Price Prediction 2025
2025 SOL Price Prediction – In 2025, SOL is forecasted to stabilize, ranging from $86.25 to $183.94, averaging at $128.25. This suggests potential dips from today’s price, marking strategic entry points for investors.
| SOL prediction | Minimum | Average | Maximum |
|---|---|---|---|
| 2025 | $86.25 | $128.25 | $183.94 |
InvestingHaven’s Solana Price Forecast 2025
For long term predictions, the analyst team at InvestingHaven tends to use weekly timeframes for 2025 price predictions.
If anything, the weekly chart of SOL looks really bullish long term, however it also looks exhausted medium term.
Presumably, SOL is working on a gigantic cup and handle reversal, one that will need to move lower first where it can gather enough energy to stage a bullish run in 2025.
InvestingHaven’s forecaster on the price of Solana in 2025:
InvestingHaven predicts that 2025 will be for Solana. Solana is working on a a cup and handle pattern with resolution in 2025. Solana – first lower, then higher in 2025. SOL price targets in 2025 exceed $300, the most bullish targets are in the $500 to $1,000 area.
Very Short Term Solana Price Prediction
Over the next 30 days, Solana (SOL) is expected to see prices fluctuate between support and resistance. Analysts suggest that investors monitor these thresholds closely, as SOL could present significant trading opportunities within this range.
| SOL prediction | Minimum | Average | Maximum |
|---|---|---|---|
| May 9, 2024 | $134.64 | $140.67 | $146.8 |
| May 10, 2024 | $136.88 | $143.04 | $149.73 |
| May 11, 2024 | $139.44 | $146.58 | $152.58 |
| May 12, 2024 | $142.49 | $149.73 | $156.2 |
| May 13, 2024 | $140.07 | $147.07 | $154 |
| May 14, 2024 | $134.48 | $140.95 | $147.38 |
| May 15, 2024 | $134 | $141.57 | $147.84 |
| May 16, 2024 | $128.21 | $134.7 | $141.67 |
| May 17, 2024 | $127.91 | $133.36 | $139.21 |
| May 18, 2024 | $124.27 | $130.09 | $136.9 |
| May 19, 2024 | $125.87 | $132.55 | $138.71 |
| May 20, 2024 | $128.97 | $134.74 | $140.88 |
| May 21, 2024 | $137.2 | $144.48 | $150.87 |
| May 22, 2024 | $137.82 | $144.3 | $150.11 |
| May 23, 2024 | $138.42 | $145.69 | $151.62 |
| May 24, 2024 | $134.21 | $140.06 | $147 |
| May 25, 2024 | $128.13 | $133.5 | $138.64 |
| May 26, 2024 | $124 | $129.47 | $134.91 |
| May 27, 2024 | $123.63 | $130.35 | $135.66 |
| May 28, 2024 | $121.4 | $127.2 | $132.12 |
| May 29, 2024 | $118.82 | $124.91 | $129.73 |
| May 30, 2024 | $116.22 | $122.19 | $127.27 |
| May 31, 2024 | $117.45 | $122.37 | $127.13 |
| June 1, 2024 | $116.49 | $121.72 | $126.81 |
| June 2, 2024 | $117.63 | $123.91 | $129.33 |
| June 3, 2024 | $119.98 | $127.06 | $132.79 |
| June 4, 2024 | $130.89 | $136.85 | $143.32 |
| June 5, 2024 | $136.19 | $142.19 | $148.11 |
| June 6, 2024 | $138.36 | $144.04 | $150.09 |
| June 7, 2024 | $144.21 | $150.31 | $156.19 |
Solana Price Predictions till 2030
Solana will experience significant fluctuations in the coming years, heading into 2030. SOL predictions suggest a long term support around $86.25 and long term resistance around $330.86. Smart investors will make use of these swings, aiming to take profits near resistance and buy back more tokens near support.
| SOL prediction | Minimum | Average | Maximum |
|---|---|---|---|
| SOL price 2024 | $118.49 | $160.09 | $230.79 |
| SOL price 2025 | $86.25 | $128.25 | $183.94 |
| SOL price 2026 | $98.1 | $165.11 | $330.86 |
| SOL price 2027 | $118.59 | $186.37 | $278.02 |
| SOL price 2028 | $105.07 | $151.18 | $178.07 |
| SOL price 2029 | $101.49 | $138.58 | $162.07 |
| SOL price 2030 | $95.97 | $118.39 | $181.86 |
Very Long Term Solana Price Predictions
SOL Price Prediction 2026
2026 Outlook for Solana: In 2026, SOL is predicted to rise, reaching a maximum of $330.86, while support is expected at $98.1. The average price is forecasted at $165.11. This substantial increase hints at a robust year for SOL, with resistance presenting a take profits target.
| SOL prediction | Minimum | Average | Maximum |
|---|---|---|---|
| 2026 | $98.1 | $165.11 | $330.86 |
SOL Price Forecast 2027
Solana’s Predictions for 2027: Experts predict Solana will maintain a support price of $118.59 in 2027, with resistance potentially reaching $278.02. The forecasted average is set at $186.37, indicating continued growth and stability for SOL, providing an optimistic outlook for long-term holders.
| SOL prediction | Minimum | Average | Maximum |
|---|---|---|---|
| 2027 | $118.59 | $186.37 | $278.02 |
SOL Prediction 2028
SOL Price Projections for 2028: Solana is expected to stabilize, with support at $105.07 and resistance at $178.07. The average trading price is anticipated to be around $151.18. These predictions suggest a year of moderate growth, ideal for investors looking for steady returns.
| SOL prediction | Minimum | Average | Maximum |
|---|---|---|---|
| 2028 | $105.07 | $151.18 | $178.07 |
SOL Forecast 2029
Forecast for SOL in 2029: Forecasters see Solana achieving a minimum price of $101.49 and a maximum of $162.07 in 2029, with an average price of $138.53. This performance illustrates a calmer market phase for SOL, offering investors predictable returns and fewer fluctuations.
| SOL prediction | Minimum | Average | Maximum |
|---|---|---|---|
| 2029 | $101.49 | $138.58 | $162.07 |
SOL Prediction 2030
2030 Long-Term Outlook for Solana: In 2030, Solana (SOL) is forecasted to support at $95.97, with resistance potentially reaching $181.86 and an average price of $118.39. These figures depict a more conservative growth pattern as the decade progresses.
| SOL prediction | Minimum | Average | Maximum |
|---|---|---|---|
| 2030 | $95.97 | $118.39 | $181.86 |
SOL Price – Technical Indicators
- SOL price RSI: 41 = neutral reading
- SOL price slow stochastics: 44 = neutral reading
- SOL price full stochastics: 45 = neutral reading
- MACD level (12, 26): -6.74 = bearish reading
- Bull Bear Power: -8.97 = neutral reading
Furthermore, as it relates to the slower moving averages of the price of Solana, these are the relevant values (last update: April 28th):
- 50 dma: $168.02
- 66 dma: $157.35
- 200 dma: $101.97
SOL Historical Prices
2017: The Dawn of Solana
In 2017, Solana emerged as a scalable blockchain platform designed to support high-performance decentralized applications (dApps). Its native token entered the market at an initial price of around $0.50 per coin. Despite limited initial recognition, Solana’s innovative approach to blockchain technology laid the foundation for its future growth and development. It provided a new proof-of-history consensus mechanism.
2018: Building Momentum
During 2018, Solana worked diligently to build momentum within the blockchain community. SOL prices fluctuated between $0.20 and $1.00 per token as the project focused on developing its infrastructure and attracting developers to build on its platform. A major selling point was its high speeds and low fees as compared to Ethereum.
2019: Mainnet Launch
In 2019, Solana achieved a significant milestone with the launch of its mainnet. Prices surged to over $2 per SOL as the project gained traction among developers seeking a high-performance blockchain platform. Solana’s innovative consensus mechanism and low transaction costs appealed to users looking for scalable solutions for decentralized applications.
2020: DeFi Integration
The year 2020 marked a period of integration for Solana within the decentralized finance (DeFi) ecosystem. Prices climbed to over $4 per SOL as the project became increasingly integrated with various DeFi protocols. Solana’s high throughput and low latency made it an attractive option for DeFi applications, driving demand for its native token. In 2020, Ethereum gas prices were extremely high.
2021: Explosive Growth
Like all tokens, Solana experienced explosive growth in 2021. Prices soared to over $200 per token, propelled by the rapid expansion of decentralized applications and the growing popularity of the Solana ecosystem. The project’s ability to handle thousands of transactions per second and its low fees positioned it as a leading competitor in the blockchain space.
2022: The Post-Boom Price Decline
After the rapid ascent of the previous year, Solana declined in 2022. Prices retraced to around $50 to $100 per SOL as investors took profits and market sentiment shifted. However, Solana’s fundamentals remained strong. It continued to make a huge number of market partnerships. Like the wider market, it took a hit after the 2022 FTX collapse with its link to Sam Bankman Fried.
2023: Resilience and Innovation
SOL would be one of the most successful tokens of 2023. While retracting to around $20 and staying there for most of the year, it rose in prominence during the final quarter. In December, its price would rise beyond $100. This is puzzling to many analysts who suggested that the ecosystem would go bust after negative press surrounding FTX.
A Bright future
On a yearly basis, Solana was a top-performing coin in 2024. Trading at ~$20 in mid-2021, it would rise above $200 by Q1 2024. In April, it could retract to ~$150, but this is still a very strong performance. Many analysts contend that Solana-based meme coins are what contributed to its price rise in 2024, not project fundamentals.
Conclusion
Solana remains one of the lowest-cost, fastest, and most scalable dApp ecosystems on the market. There has to be a reason why so many meme projects decided to launch from Solana, and it was one of the best-performing tokens of Q4 2023. It underwent a 10x in less than 8 months, though it did retrace back to $150, which is still a 7x.
FAQs
What role does trading volume play in SOL's price dynamics?
Trading volume, or the number of SOL tokens bought and sold over a specific period, is an important indicator of market activity and liquidity. High trading volume often accompanies significant price movements, signaling strong interest from traders and investors. Changes in trading volume can precede price reversals or confirm the strength of a trend, providing valuable insights for SOL traders.
How do Fibonacci retracement levels influence SOL's price movements?
Fibonacci retracement levels are key technical indicators used by traders to identify potential levels of support and resistance in SOL’s price chart. These levels are based on Fibonacci ratios and are often used to predict where SOL’s price may reverse or continue its trend. Traders use Fibonacci retracement levels alongside other technical analysis tools to make informed decisions about buying and selling SOL.
How do moving averages impact SOL trading strategies?
Moving averages are widely used by traders to identify trends and potential entry and exit points for SOL trades. The 50-day and 200-day moving averages are particularly popular indicators among traders. When SOL’s price crosses above its moving averages, it may signal a bullish trend, while a cross below could indicate a bearish trend. Traders use moving averages in conjunction with other technical analysis tools to develop effective trading strategies.
What role do institutional investors play in SOL's price dynamics?
Institutional investors, including hedge funds, venture capital firms, and asset managers, can impact SOL’s price dynamics through large purchases or sales. Increased institutional interest and investment in Solana can signal confidence in its technology and potential for future growth, potentially leading to price appreciation for SOL tokens.
What are Solana-based meme coins, and how do they influence SOL's price?
Solana-based meme coins are cryptocurrencies built on the Solana blockchain, often featuring humorous or satirical themes. While meme coins themselves may not directly impact SOL’s price, their popularity can attract attention to the Solana ecosystem, potentially increasing demand for SOL tokens. However, SOL’s price is primarily influenced by broader market trends, adoption of the Solana blockchain for decentralized applications, and network activity.
What was the relationship between FTX and Solana?
FTX was a leading cryptocurrency exchange founded by Sam Bankman-Fried, has a close association with Solana. FTX supports SOL trading pairs and offers various services for SOL holders, contributing to liquidity and market activity. Additionally, FTX’s involvement in the Solana ecosystem through investments and partnerships enhanced SOL’s development by fostering innovation and adoption.