Solana

Resistance

Status

Time

<ul> 
 <li><strong>Bullish SOL price prediction for 2024 is $204.02 to </strong><strong>$343.64.</strong></li> 
 <li><strong>Solana (SOL) price might reach $400 soon.</strong></li> 
 <li><strong>Bearish (SOL) price prediction for 2024 is </strong><strong>$83</strong><strong>.</strong></li> 
</ul> 
<p>In this Solana (SOL) <a href="https://thenewscrypto.com/markets/price-prediction/" target="_blank" rel="noreferrer noopener">price prediction</a> 2024, 2025, 2026-2030,&nbsp; we will analyze the price patterns of SOL by using accurate trader-friendly technical analysis indicators and predict the future movement of the <a href="https://thenewscrypto.com/tag/cryptocurrency/" target="_blank" rel="noreferrer noopener">cryptocurrency</a>.&nbsp;</p> 
<figure class="wp-block-table aligncenter">
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  <tbody>
   <tr>
    <td><strong>
      <div align="center">
       TABLE OF CONTENTS
      </div></strong></td>
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   <tr>
    <td>
     <div align="center">
      INTRODUCTION
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>Solana (SOL) Current Market Status</li>
      <li>What is Solana (SOL)?</li>
      <li>Solana (SOL) 24H Technicals</li>
     </ul></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      SOLANA (SOL) PRICE PREDICTION 2024
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>Solana (SOL) Support and Resistance Levels</li>
      <li>Solana (SOL) Price Prediction 2024 — RVOL, MA &amp; RSI</li>
      <li>Solana (SOL) Price Prediction 2024 — ADX, RVI</li>
      <li>Comparison of SOL with BTC, ETH</li>
     </ul></td>
   </tr>
   <tr>
    <td>SOLANA (SOL) PRICE PREDICTION 2025, 2026-2030</td>
   </tr>
   <tr>
    <td>CONCLUSION</td>
   </tr>
   <tr>
    <td>FAQ</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="h-solana-sol-current-market-status">Solana (SOL) Current Market Status</h2> 
<figure class="wp-block-table is-style-regular"> 
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  <tbody style="box-shadow: 0px 2px 4px rgb(3 4 28 / 50%);"> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Current Price</td> 
    <td style="border: 1px solid #01557b;">$160.65</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">24 – Hour Price Change</td> 
    <td style="border: 1px solid #01557b;">8.36% Up</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">24 – Hour Trading Volume</td> 
    <td style="border: 1px solid #01557b;">$5,375,387,622</td> 
   </tr> 
   <tr> 
    <td style="border: 1px solid #01557b;">Market Cap</td> 
    <td style="border: 1px solid #01557b;">$74,898,420,638</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Circulating Supply</td> 
    <td style="border: 1px solid #01557b;">466,342,696 SOL</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">All – Time High</td> 
    <td style="border: 1px solid #01557b;">$260.06 (On Nov 07, 2021) &nbsp;</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">All – Time Low</td> 
    <td style="border: 1px solid #01557b;">$0.5052 (On May 11, 2020) &nbsp;</td> 
   </tr> 
  </tbody> 
 </table> <em>
  <figcaption class="wp-element-caption" style="text-align: center;">
   SOL Current Market Status (Source: <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>)
  </figcaption></em> 
</figure> 
<h2 class="wp-block-heading" id="what-is-solana-sol">What is Solana (SOL)</h2> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td><strong>TICKER</strong></td>
    <td>SOL</td>
   </tr>
   <tr>
    <td><strong>BLOCKCHAIN</strong></td>
    <td>Solana&nbsp;</td>
   </tr>
   <tr>
    <td><strong>CATEGORY</strong></td>
    <td>Ethereum Scaling Solution</td>
   </tr>
   <tr>
    <td><strong>LAUNCHED ON</strong></td>
    <td>March 2020</td>
   </tr>
   <tr>
    <td><strong>UTILITIES</strong></td>
    <td>Governance, security, gas fees &amp; rewards</td>
   </tr>
  </tbody>
 </table>
</figure> 
<p>Solana (SOL), a <a href="https://thenewscrypto.com/tag/cryptocurrency/" target="_blank" rel="noreferrer noopener">cryptocurrency</a> 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.&nbsp;</p> 
<p>Further, <a href="https://thenewscrypto.com/tag/Solana/" target="_blank" rel="noreferrer noopener">Solana</a> has also made significant strides in revolutionizing the <a href="https://thenewscrypto.com/tag/NFT/" target="_blank" rel="noreferrer noopener">NFT</a> marketplace. Solana-based NFTs are gaining traction and are increasingly becoming a preferred choice over Ethereum-based NFTs.</p> 
<h3 class="wp-block-heading" id="solana-24h-technicals">Solana 24H Technicals</h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" width="1024" height="378" src="https://thenewscrypto.com/wp-content/uploads/2024/08/image-41-1024x378.png" alt="" class="wp-image-105160" srcset="https://thenewscrypto.com/wp-content/uploads/2024/08/image-41-1024x378.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/08/image-41-300x111.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/08/image-41-768x283.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/08/image-41-1536x566.png 1536w, https://thenewscrypto.com/wp-content/uploads/2024/08/image-41.png 1809w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
<p class="has-text-align-center"><em>(Source: <a href="https://www.tradingview.com/symbols/SOLUSDT/?exchange=KUCOIN">Tradingview</a>)</em></p> 
<h2 class="wp-block-heading" id="solana-sol-price-prediction-2024">Solana (SOL) Price Prediction 2024</h2> 
<p>Solana (SOL) ranks 4th 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.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/xblUZrsu/ " alt="">
 </figure>
</div> 
<p><em>SOL/USDT Horizontal Channel Pattern (Source: </em><a href="https://in.tradingview.com/symbols/SOLUSDT/?exchange=COINBASE"><em>TradingView</em></a><em>)</em></p> 
<p>In the above chart, Solana (SOL) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contract points. This is because it needs at least two lows to connect, as well as two highs. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. The longer the horizontal channel, the stronger the exit movement will be. There is frequently a price on the channel after exit. the exit often occurs at the fourth contact point on one of the horizontal channel’s lines.</p> 
<p>At the time of analysis, the price of Solana (SOL) was recorded at $160.65. If the pattern trend continues, then the price of SOL might reach the resistance level of $157.87, $205.47, and $358.39. If the trend reverses, then the price of SOL may fall to the support of $119.94.</p> 
<h2 class="wp-block-heading" id="solana-sol-resistance-and-support-levels">Solana (SOL) Resistance and Support Levels</h2> 
<p>The chart given below elucidates the possible resistance and support levels of Solana (SOL) in 2024.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src=" https://www.tradingview.com/x/3SzAcxOB/ " alt="">
 </figure>
</div> 
<p><em>SOL/USDT Resistance and Support Levels (Source: </em><a href="https://in.tradingview.com/symbols/SOLUSDT/?exchange=COINBASE"><em>TradingView</em></a><em>)</em></p> 
<p>From the above chart, we can analyze and identify the following as resistance and support levels of Solana (SOL) for 2024.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td>Resistance Level 1</td>
    <td>$204.02</td>
   </tr>
   <tr>
    <td>Resistance Level 2</td>
    <td>$343.64</td>
   </tr>
   <tr>
    <td>Support Level 1</td>
    <td>$126.66</td>
   </tr>
   <tr>
    <td>Support Level 2</td>
    <td>$83.00</td>
   </tr>
  </tbody>
 </table>
</figure> 
<p><em>SOL Resistance &amp; Support Levels</em></p> 
<h2 class="wp-block-heading" id="solana-sol-price-prediction-2024-rvol-ma-and-rsi">Solana (SOL) Price Prediction 2024 — RVOL, MA, and RSI</h2> 
<p>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.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/TTRvaZBB/" alt="">
 </figure>
</div> 
<p><em>SOL/USDT RVOL, MA, RSI (Source: </em><a href="https://in.tradingview.com/symbols/SOLUSDT/?exchange=COINBASE"><em>TradingView</em></a><em>)</em></p> 
<p>From the readings on the chart above, we can make the following inferences regarding the current Solana (SOL) market in 2024.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>50-Day Moving Average (50MA)</td>
    <td>Nature of the current trend by comparing the average price over 50 days</td>
    <td>50 MA = $151.36Price = $151.84<br><em>(50MA &lt; Price)</em></td>
    <td>Bullish/Uptrend</td>
   </tr>
   <tr>
    <td>Relative Strength Index (RSI)</td>
    <td>Magnitude of price change;Analyzing oversold &amp; overbought conditions</td>
    <td>47.69<br><em>&lt;30 = Oversold</em><em><br></em><em>50-70 = Neutral</em><em>&gt;70 = Overbought</em></td>
    <td>Nearly Oversold</td>
   </tr>
   <tr>
    <td>Relative Volume (RVOL)</td>
    <td>Asset’s trading volume in relation to its recent average volumes</td>
    <td>Below cutoff line</td>
    <td>Weak volume</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="solana-sol-price-prediction-2024-adx-rvi">Solana (SOL) Price Prediction 2024 — ADX, RVI</h2> 
<p>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).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/T0sQYFnJ/" alt="">
 </figure>
</div> 
<p><em>SOL/USDT ADX, RVI (Source: </em><a href="https://in.tradingview.com/symbols/SOLUSDT/?exchange=COINBASE"><em>TradingView</em></a><em>)</em></p> 
<p>From the readings on the chart above, we can make the following inferences regarding the price momentum of Solana (SOL).</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>Average Directional Index (ADX)</td>
    <td>Strength of the trend momentum</td>
    <td>32.31</td>
    <td>Strong Trend</td>
   </tr>
   <tr>
    <td>Relative Volatility Index (RVI)</td>
    <td>Volatility over a specific period</td>
    <td>46.98<br><br><em>&lt;50 = Low</em><em><br></em><em>&gt;50 = High</em></td>
    <td>Low volatility</td>
   </tr>
  </tbody>
 </table>
</figure>  
<h2 class="wp-block-heading" id="comparison-of-sol-with-btc-eth">Comparison of SOL with BTC, ETH</h2> 
<p>Let us now compare the price movements of Solana (SOL) with that of Bitcoin (BTC), and Ethereum (ETH).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src=" https://www.tradingview.com/x/2YinaK7I/" alt="">
 </figure>
</div> 
<p><em>BTC Vs ETH Vs SOL Price Comparison (Source: </em><a href="https://in.tradingview.com/symbols/SOLUSDT/?exchange=COINBASE"><em>TradingView</em></a><em>)</em></p> 
<p>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.</p> 
<h2 class="wp-block-heading" id="solana-sol-price-prediction-2025-2026-2030">Solana (SOL) Price Prediction 2025, 2026 – 2030</h2> 
<p>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.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Year&nbsp;</strong></td>
    <td><strong>Bullish Price&nbsp;</strong></td>
    <td><strong>Bearish Price</strong></td>
   </tr>
   <tr>
    <td>Solana (SOL) Price Prediction 2025</td>
    <td>$480</td>
    <td>$80</td>
   </tr>
   <tr>
    <td>Solana (SOL) Price Prediction 2026</td>
    <td>$515</td>
    <td>$75</td>
   </tr>
   <tr>
    <td>Solana (SOL) Price Prediction 2027</td>
    <td>$560</td>
    <td>$70</td>
   </tr>
   <tr>
    <td>Solana (SOL) Price Prediction 2028</td>
    <td>$600</td>
    <td>$65</td>
   </tr>
   <tr>
    <td>Solana (SOL) Price Prediction 2029</td>
    <td>$640</td>
    <td>$60</td>
   </tr>
   <tr>
    <td>Solana (SOL) Price Prediction 2030</td>
    <td>$750</td>
    <td>$55</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
<p>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 $343.64. Comparatively, if unfavorable sentiment is triggered, the bearish Solana (SOL) price prediction for 2024 is $83.&nbsp;</p> 
<p>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.&nbsp;</p> 
<h2 class="wp-block-heading" id="faq">FAQ</h2> 
<h4 class="wp-block-heading">1. What is Solana (SOL)?</h4> 
<p>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.</p> 
<h4 class="wp-block-heading">2. Where can you purchase Solana (SOL)?</h4> 
<p>Solana (SOL) has been listed on many crypto exchanges which include Binance, OKX, Bybit, Bitunix, and CoinTR Pro.</p> 
<h4 class="wp-block-heading">3. Will Solana (SOL) reach a new ATH soon?</h4> 
<p>With the ongoing developments and upgrades within the Solana Platform, SOL has a high possibility of reaching its ATH soon.</p> 
<h4 class="wp-block-heading">4. What is the current all-time high (ATH) of Solana (SOL)?</h4> 
<p>On November 06, 2021, SOL reached its new all-time high (ATH) of $260.06.</p> 
<h4 class="wp-block-heading">5. What is the lowest price of Solana (SOL)?</h4> 
<p>According to CoinMarketCap, SOL hit its all-time low (ATL) of $0.5052 on May 11, 2020.</p> 
<h4 class="wp-block-heading">6. Will Solana (SOL) reach $400?</h4> 
<p>If Solana (SOL) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $400 soon.</p> 
<h4 class="wp-block-heading">7. What will be Solana (SOL) price by 2025?</h4> 
<p>Solana (SOL) price is expected to reach $480 by 2025.</p> 
<h4 class="wp-block-heading">8. What will be Solana (SOL) price by 2026?</h4> 
<p>Solana (SOL) price is expected to reach $515 by 2026.</p> 
<h4 class="wp-block-heading">9. What will be Solana (SOL) price by 2027?</h4> 
<p>Solana (SOL) price is expected to reach $560 by 2027.</p> 
<h4 class="wp-block-heading">10. What will be Solana (SOL) price by 2028?</h4> 
<p>Solana (SOL) price is expected to reach $600 by 2028.</p> 
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<p><em>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.</em></p>

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

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