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 reach 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 | $149.38 |
| Market Cap | $69,600,336,943 |
| Trading Volume 24-h | $1,972,435,743 |
| Circulating Supply | 465,929,112 SOL |
| All-time High | $260.06 Nov 07, 2021 |
| All-time Low | $0.5052, May 12, 2020 |
| 24-h High | $149.39 |
| 24-h Low | $142.74 |
Solana price prediction: Technical analysis
| Volatility | -0.50% |
| Sentiment | Neutral |
| 50-Day SMA | $153.42 |
| 200-Day SMA | $147.97 |
| Price Prediction | $309.66 (113.92%) |
| F & G Index | 21.55 (extreme fear) |
| Green Days | 14/30 (47%) |
| 14-Day RSI | 30.23 |
Solana price prediction: Bullish momentum crumbles as bulls fail to cross $185.00 level
TL;DR Breakdown
- The Solana price analysis is bullish today.
- Strong support for SOL/USD is present at $140.
- The resistance level is seen at the $150 level.
The Solana price analysis for today, August 23, shows that the SOL price action has found strong resistance at the $190 mark and faced rejection. Moreover, the bears pushed the price to the $110 level before the bulls recovered momentum and initiated a recovery to the $144.00 mark where it has consolidated across the last few days. Today the bulls have risen to the $149 mark as they seek to test the $150 resistance level.
The broader cryptocurrency market observed bullish sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Major players include BTC and ETH recording a 5.18 and a 4.79 percent incline, respectively.
Solana price analysis 1-day chart: bulls return to $148 as buyers seek to test $150
The 24-hour SOL/USD price chart indicates high volatility as the price action rose rapidly towards the $190.00 mark but failed to cross the level and crashed rapidly to the $112.00 mark before rising to the $140.00 mark where it consolidated. Today, the asset rose to the $148 mark as the bulls seek to test higher resistances.
The Indicators reflect the falling bearish price sentiment as all three major technical indicators show a rising bullish dominance. The MACD is bullish at 0.51 units, moving towards a higher level, while the EMAs are below the mean position, and their gradient becomes positive as the price level stabilizes. The RSI also shares this sentiment as the indicator rose to 49.80 from below the 30.00 index level. The converging Bollinger Bands suggest lower volatility, indicating that the $140.00 support may hold for the week.
SOL/USD 4-hour price chart: Will the consolidation at $140.00 continue?
The 4-hour price chart of SOL shows a steady consolidation around the $140 mark as either side struggles to gather momentum. The bears were stopped at the level and the bulls managed to recover to the $140 mark where the price hovered until recently as the bulls generate positive momentum.
The RSI is at 62.80 suggesting that the asset is in the upper region of the neutral region, which indicates room for further short-term movement for the bulls. Moreover, the upwards slope suggests the asset may continue to gain momentum across the short-term*. The MACD shows a steady buying pressure with the MACD line at 0.46 showing a slight bullish dominance across the 4-hour charts. These indicators collectively suggest the forming bullish trend.
Solana technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value ($) | Action |
|---|---|---|
| SMA 3 | 173.78 | SELL |
| SMA 5 | 174.40 | SELL |
| SMA 10 | 177.24 | SELL |
| SMA 21 | 167.59 | SELL |
| SMA 50 | 151.69 | SELL |
| SMA 100 | 154.39 | SELL |
| SMA 200 | 144.39 | SELL |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
|---|---|---|
| EMA 3 | 180.90 | SELL |
| EMA 5 | 181.03 | SELL |
| EMA 10 | 177.58 | SELL |
| EMA 21 | 168.82 | SELL |
| EMA 50 | 159.37 | SELL |
| EMA 100 | 153.87 | SELL |
| EMA 200 | 138.14 | BUY |
What to expect from Solana price analysis?
The 4-hour Solana price analysis chart shows a small rise in the price, which was quickly crushed up by the bears as the price fell to the $140 level. The support level around $140 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 $185-$190 level, and the price crashed to the $110 mark before finding strong support. Since then the bulls have managed a return to the $144 mark but the sentiment remains bearish.
Traders should expect Solana to stop falling as the bears are exhausted at the $110 mark. As such, the price can be expected to hover between the $140-$165 range across the next few days. Movement below $140 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 down?
Solana’s price failed to climb past the $180 resistance level and the following bearish rally fell to the $140.00 mark.
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-August 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 prediction August 2024
A bearish start to August 2024 saw SOL falling from $174 to $137 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 $160.78 by the end of August.
| Month | Minimum Price | Average Price | Maximum Price |
| August | $113.90 | $137.79 | $160.78 |
Solana price predictions 2024
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $118.77 | $287.86 | $295.17 |
At the beginning of 2024, the price of cryptocurrencies recovered, 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 |
Cryptopolitan’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. Its price 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 cryptocurrency Solana (SOL) price more than tripled during the summer of 2021. Solana (SOL) token became the fastest-growing cryptocurrency and is currently ranked fifth 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 that high, 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 again to close the year at $101.84.
- It has overtaken the once-popular Dogecoin, DAI, DASH, Polkadot, VeChain, Eos, etc. 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 low of $83.62 in January to the recent high of $202.87
- In June, SOL struggled to maintain grip of the $165 level, and the price action was 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 (SOL) maintained a trading range of $146 to $179. At the time of writing, August 2024, Solana (SOL) is trading around $137 – $151.
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