Table of Contents
Solana Price Prediction 2023-2032
- Solana Price Prediction 2023 – up to $22.88
- Solana Price Prediction 2026 – up to $71.99
- Solana Price Prediction 2029 – up to $229.42
- Solana Price Prediction 2032 – up to $735.28
How much is SOL worth?
Today’s Solana price is $20.76 with a 24-hour trading volume of $618,897,839. Solana is down 3.33% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $9,473,881,101. It has a circulating supply of 418,890,490 SOL coins, and the maximum supply is not available.
Solana price analysis: Downfall continues as bulls are crushed under bearish pressure
TL: DR Breakdown
- Solana’s price analysis shows a bearish market trend
- Solana’s price has stabilized at $20.76 after a minor pullback
- Support for SOL is present at $19.74
Solana price analysis reveals that the cryptocurrency has been facing a downward trend today as the bears are in control of the market and are likely to maintain their momentum. The bears are pushing the prices lower, and there is no sign of a reversion in this downtrend.
At the time of writing, SOL is trading at around $20.76 after a minor pullback from its previous low of $19.74. The volatility in the Solana market has been relatively low today, with slight fluctuations occurring between levels of support and resistance. The overall trend is bearish as the bulls are unable to make any significant progress in driving up prices.
Solana price analysis 1-day chart: SOL holds above $20.76 amid bearish winds
The 1-day Solana price analysis confirms that a bearish trend has reached its peak. The bears have maintained their lead quite efficiently by pushing the prices lower, and they are likely to do so in the near future. Short-term support is present at $19.74, while resistance is seen around $21.15. And if there is any sign of an increase in buying pressure, SOL can find its way back to the $21.00 mark and beyond.
SOL/USD 1-day price chart, Source: TradingView
The MACD indicator is displaying a bearish signal as it has moved below the zero line, which suggests that the bears are stronger at the moment and may continue to drive down prices further. The RSI is currently at 41.19, which is close to a neutral level, so the market could be indecisive at this point. The CMF is below the zero line, illustrating that there is strong bearish pressure on SOL.
SOL/USD 4-hour price chart: Bears in control as Solana prices fail to breakout
The 4-hour Solana price analysis shows that the SOL/USD has been in a downtrend for the last 24 hours. The next few hours of trading will be crucial for SOL, as it is trading close to its support level. If the bears keep their momentum, we could see a further decline, but if the bulls can gain some ground and push prices up, then we may experience some upward movement. The SOL/USD price is currently trading at $20.76, as the bears are in control of the market and are likely to remain so until bullish momentum rises.
SOL/USD 4-hour price chart, Source: TradingView
The Chaikin Money Flow (CMF) is currently at -0.08, which is indicative of bearish pressure and the fact that money is leaving the market. The MACD is displaying a bearish signal as the histogram has fallen below 0. The relative strength index (RSI) is currently at 39.35, which is close to the oversold region and indicates that the bears are strong
What to expect from Solana price analysis
Overall, Solana price analysis shows bearish sentiment in the market, with minimal bullish activity and further downside pressure expected in the near term. The current Solana price analysis suggests that the asset is bearish; however, there is a chance for some upside potential if bulls are able to break past the $21.19 resistance level and push prices higher. Furthermore, should bullish activity in the markets pick up, we could see SOL/USD potentially move toward its previous all-time high of $27.50. Investors should be mindful of the bearish sentiment in the market and maintain a cautious stance until there is a clear indication of a reversal trend.
Recent News on Solana
In a significant move towards enhanced privacy and security in cryptocurrency transactions, Elusiv has unveiled its novel private token swap tool designed exclusively for the Solana blockchain. The introduction of this state-of-the-art facility aims to address the pressing need for confidential and secure crypto-exchanges in today’s digital age.
Solana, known for its high-speed scalability and impressive transaction throughput, now takes a stride further with Elusiv’s innovative tool. This initiative promises to guarantee users unparalleled privacy during token swaps, ensuring that personal details and transaction amounts remain hidden from potential prying eyes.
As digital currency transactions become an everyday norm, such advancements play a critical role in bolstering trust and encouraging mainstream adoption. It is not just about speed and efficiency anymore; privacy is becoming a paramount concern for both novice and seasoned crypto-enthusiasts alike.
Elusiv’s commitment to fostering a more confidential environment for cryptocurrency enthusiasts is commendable. By aligning its tool with the Solana blockchain, the company envisions a future where individuals can carry out token exchanges with complete peace of mind, knowing that their transaction details remain undisclosed.
Solana Price Predictions 2023–2032
Price Predictions by Cryptopolitan
At the beginning of 2023, there was a recovery in the price of cryptocurrencies, 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.
Our pricing projection indicates that the maximum price for Solana will be $30.78 by the end of 2023. The coin’s value will rise and hit $213.69, its highest level in five years. Future prospects and potential are bright for Solana. We anticipate that Solana will continue to appreciate in value until 2032 when it will reach $855.78 at its highest price.
Solana (SOL) Price Prediction 2023
According to the technical analysis of Solana prices expected in 2023, the minimum cost of Solana will be $26.39. The maximum level that the SOL price can reach is $29.22. The average trading price is expected around $27.29.
Solana Price Prediction 2024
Based on the price fluctuations of Solana at the beginning of 2024, crypto experts expect an average SOL rate of $38.89. Its minimum and maximum prices can be expected to be $37.79 and $45.67, respectively.
Solana Price Prediction 2025
According to our deep technical analysis of past price data for SOL, In 2025, the price of Solana is forecasted to be at around a minimum value of $54.00. The Solana price value can reach a maximum of $66.56, with an average trading value of $55.94.
Solana Price Prediction 2026
After the analysis of the prices of Solana in previous years, it is assumed that in 2026, the minimum price of Solana will be around $81.45. The maximum expected SOL price may be around $93.51. On average, the trading price might be $83.69 in 2026.
Solana Price Prediction 2027
The price of Solana is predicted to reach a minimum level of $116.22 in 2027. The Solana price can reach a maximum level of $140.08, with an average price of $120.41 throughout 2027.
Solana Price Prediction 2028
Based on the technical analysis by cryptocurrency experts regarding the prices of Solana in 2028, SOL is expected to have the following minimum and maximum prices: about $157.02 and $201.58, respectively. The average expected trading cost is $157.05.
Solana Price Prediction 2029
The price of Solana is predicted to reach a minimum value of $222.58 in 2029. The Solana price could reach a maximum value of $276.97 with an average trading price of $230.68 throughout 2029.
Solana Price Prediction 2030
As per the forecast and technical analysis, In 2030, the price of Solana is expected to reach a minimum price value of $320.36. The SOL price can reach a maximum value of $382.50, with an average value of $331.89.
Solana Price Prediction 2031
Based on the analysis of the costs of Solana by crypto experts, the following maximum and minimum SOL prices are expected in 2031: $547.50 and $450.56. On average, it will be traded at $463.84.
Solana (SOL) Price Prediction 2032
Solana price is forecast to reach the lowest possible level of $657.26 in 2032. As per our findings, the SOL price could reach the maximum possible level of $767.28, with an average forecast price of $680.46.
Solana Price Prediction by Coincodex
The value of Solana is expected to increase by 8.58% and reach $22.68 by April 13, 2023, according to Coincodex’s most recent price estimate. Indicating a moderate degree of investor mood, the Fear and Greed Index is currently at 61. The present market prognosis for Solana is bearish (Greed), nevertheless, according to technical indicators from Coincodex. Solana’s price has fluctuated by 6.25% over the last 30 days, with 18 of the 30 days (or 60%) being upbeat (green).
Looking ahead to the future, Coincodex’s Solana forecast suggests that now might not be the best time to purchase Solana, as the indicators point to negative market sentiment. However, it’s important to consider various scenarios. Under the best-case scenario, assuming significant growth similar to that of Facebook, the price projection for Solana in 2026 is estimated to be $982.75. On the other hand, if Solana follows the expansion pattern of the Internet, the projected price for 2026 would be $112.74.
These projections highlight the potential for significant growth in Solana’s value over time, but it’s essential to note that these estimates are speculative and subject to market dynamics and unforeseen factors. As with any investment, thorough research and careful consideration of market conditions are recommended before making any decisions.
Price Prediction by DigitalCoinPrice
According to the latest forecast from DigitalCoinPrice, it is anticipated that the value of Solana cryptocurrency will experience a significant increase of 234.20% by the end of 2025, reaching $74.02. The Fear & Greed Index is currently at a reading of 8.21, indicating a high level of fear among investors. Additional technical indicators also suggest bearish market sentiment. Based on DigitalCoinPrice’s prediction, it is considered risky to sell Solana at this time.
In April, Solana witnessed a substantial price surge of 110.04%, with the cryptocurrency approaching the $42.61 mark. Presently, all indicators are pointing toward a bearish market trend, and the fear & greed index is registering a high level of concern at 8.21. DigitalCoinPrice’s forecast advises against selling Solana at the moment.
As per the technical indicators, it is projected that the 200-day simple moving average (SMA) will decline and the price of Solana will reach approximately $21.67 by the end of December. This trend is expected to continue in December 2023 and 2024, with the short-term 50-day SMA, indicating a price of $21.65. However, it is important to remember that these projections are subject to market fluctuations and unforeseen circumstances.
Price Prediction by Industry Influencers
The future price of Solana is now expected to increase, achieve higher highs in the upcoming years, and possibly reach a high of $23.83 by the end of mid-year 2023, according to YouTube market researcher Cryptonomics. According to Cryptonomics, the SOL currency will rise and reach a high of $29.84 at the end of 2023.
Solana owners might not be able to keep their currencies in the coming few months, according to CryptoZX. The analyst thinks SOL has excellent potential and strong fundamentals despite the massive fight between the bulls and the bears. By December 2023, it is predicted that Solana will have a maximum price of $27.21.
Solana’s intrigue appears to stem from a perceived quality shift among crypto investors and developers. Is Solana Dead? SOL Resurrects at 114% They only used the opinion that SOL is dead as VC exit liquidity. Is it time to buy?
As a leading Layer-1 network, investors are watching how Solana performs as this network is one of the most vibrant in terms of its non-fungible token volumes, as well as other DeFi-related projects relying on low transaction costs and high speed. Helium’s decision to join the Solana network rather than stick it out indicates blockchains like Solana can cause a stampede.
Nothing in life is perfect. That means no blockchain is perfect. The valid criticisms of Solana are fundamental to how it works. Solana seems faster and functionally the same as ETH. Here is a healthy discussion about the furor that Solana is Dead. Apparently, it is not currently.
Solana has lost over $50 billion in value since the beginning of 2022, a year marked by outages, overloads, and significant exposure to Sam Bankman-Fried’s FTX exchange.
Solana blockchain (also commonly referred to as Solana protocol) was introduced to compete with the Ethereum blockchain, which brought the current revolution, especially with its smart contract technology that has to go ahead to enable the inventions of decentralized finance (DeFi), Non-Fungible Tokens (NFTs), decentralized applications (DApps), and all the other concepts like yield farming, liquidity mining, staking, etc., that accompany these inventions.
Today, Solana is fulfilling its purpose as more and more people continue adopting cryptocurrency. Its native token SOL is now priced at about $218, 43203.94%, up from its initial price at launch.
The blockchain revolution assured investors of digital coins that would offer privacy and confidentiality through the sturdy cryptographic algorithm that ensures that even if transactions are recorded in the public blockchain network, the identity of the sender and the receiver is always hidden behind some addresses.
Solana is considered one of the most effective, secure, fast, and censor-resistant blockchains worldwide. It offers an open-source infrastructure making it easy for global adoption.
What blockchain projects are on Solana?
Solana has smart contracts functionality, and a blockchain developer can develop and deploy a decentralized application (DApp) on the blockchain. Several blockchain projects have been launched on Solana, and they have also contributed to Solana’s fortunes. These blockchain projects include:
- Solana Beach — a Solana blockchain explorer.
- UPFI — a stablecoin.
- Phantasia — a fantasy sports platform.
- HydraSwap — a DEX.
- CropperFinance — a yield farming service.
Solana (SOL) Coin Price History
Solana was launched in April 2020 and has gained popularity over the last 18 months. The price of Solana 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 price of cryptocurrency Solana or SOL more than tripled during the summer of 2021. Solana (SOL) token became the fastest-growing cryptocurrency and is currently ranked at position five with a live market cap of $66.4 billion. It has overtaken the likes of the once-popular Dogecoin, DAI, DASH, Polkadot, VeChain, Eos, and many others. It is closely behind Binance Coin (BNB) and Tether (USDT).
The collapse of crypto trader FTX in 2022 especially impacted the cryptocurrency, as FTX and its sister firm Alameda Research sold a large amount of the coin in order to avoid bankruptcy.
Solana’s price briefly surged to a four-week high of $38.48 on 6 November 2022 after Google Cloud announced it had become a validator on the blockchain. Google Cloud has been working with @solana to bring Blockchain Node Engine to the Solana chain next year, so it will be easy for anyone to launch a dedicated Solana node in the cloud.
This had all but evaporated by the end of 2022, as a price of 21.99 U.S. dollars for SOL on May 07, 2023, was similar to the price of Solana in early 2021
More on Solana
What do I have to know about the Solana network?
The main thing about the Solana network is an innovative blockchain system. The main aims of this system are security and decentralization. Sol token has also soared and added significant gains to its bag in this situation.
What is the mission of the Solana project?
Solana Blockchain aims to make the situation convenient for decentralized apps and democratize the global financial setup. It provides a high-speed blockchain system that facilitates speedy transactions and secure communication.
What is Proof-of-History in Solana?
Proof-of-history in Solana is derived from Proof-of-Stake. It is one of the innovative additions to the Solana blockchain that relays more on time-based on the happening of a specific action. Using this protocol, Solana makes it possible to keep a historical record of the transaction.
Where to store SOL
Once you purchase SOL coins, store them in a secure place. Most of the exchanges where you can buy SOL offer in-built crypto exchange wallets. Other wallets that allow storage of SOL coins include the atomic wallet and Ledger hardware wallet.
Solana has proved that blockchains can be environmentally friendly, fast, and cheap. Solana Pay is the future of payments. The blockchain is cutting out the path for future developments in the blockchain space. Solana, with its innovative features, rivals those of Bitcoin and Ethereum. It also has a vast community. These advantages will propel Solana’s market capitalization to the top.
Solana has had a good run since its inception. Its blockchain rivals that of Ethereum and Bitcoin because it is environmentally safe, has low transaction costs, and is relatively very fast. This saw Solana perform very well at the beginning of the year before crypto prices began going down.
The question is whether SOL suffered long-term damage due to the FTX turmoil or only saw a temporary correction. Aside from the FTX fallout, SOL is still vulnerable to the risks associated with all cryptocurrencies, such as broader economic uncertainty and an inconsistent regulatory framework. SOL was hit harder than other digital currencies because of its connection to FTX, but its ecosystem is robust, and its developers continue to innovate.
Indeed, SOL was launched as an innovative cryptocurrency. Its developers have laid out ambitious plans, such as smartphones with built-in, Solana-connected crypto wallets and a fee-free store for decentralized applications. There is also a collaboration with Alphabet, the parent company of Google.
This partnership has resulted in developments such as Google Cloud becoming a validator to assist with processing Solana network transactions and a storage agreement that will increase developer accessibility to Solana data. Overall, even though SOL has experienced some unfavorable headwinds, it will likely continue to appeal to investors learning about cryptocurrency investing in the long run.
Solana Labs was once accused of irregular sales of its initial sales before being publicly available. If the news is anything to go by, it may impact Solana’s development, just like the lawsuit on XRP. Even though we are bullish on Solana, it is advisable to do your research before investing in this cryptocurrency.