Solana Price Prediction 2023-2030: Will SOL Price Hit $35 Soon?
Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies, Solana (SOL) is one of them.
Solana is an open-source, public blockchain that facilitates using smart contracts, decentralized applications (dApps), and NFTs (non-fungible tokens). The SOL token, which is intrinsic to the Solana blockchain, serves as a means of exchange and ensures the safety of the network via staking.
If you are interested in the future of SOL and want to know its predicted value for 2022, 2023, 2024, 2025, and 2030, keep reading!
Table of contents
- Solana (SOL) Overview
- What Is Solana (SOL)?
- Analysts’ View on Solana (SOL)
- Solana (SOL) Current Market Status
- Solana (SOL) Price Analysis 2023
- Solana (SOL) Price Analysis – Bollinger Bands
- Solana (SOL) Price Analysis – Relative Strength Index
- Solana (SOL) Price Analysis – Moving Average
- Solana (SOL) Price Analysis – Elder Force Index
- Solana (SOL) Price Prediction 2023
- Solana (SOL) Price Prediction – Resistance and Support Levels
- Solana (SOL) Price Prediction 2024
- Solana (SOL) Price Prediction 2025
- Solana (SOL) Price Prediction 2026
- Solana (SOL) Price Prediction 2027
- Solana (SOL) Price Prediction 2028
- Solana (SOL) Price Prediction 2029
- Solana (SOL) Price Prediction 2030
- Solana (SOL) Price Prediction 2040
- Solana (SOL) Price Prediction 2050
- Conclusion
- FAQ
- More Crypto Price Predictions:
Solana (SOL) Overview
HTTP Request Failed... Error: file_get_contents(https://api.coingecko.com/api/v3/coins/solana): Failed to open stream: HTTP request failed! HTTP/1.1 429 Too Many RequestsWhat Is Solana (SOL)?
Solana is a powerful open-source project that offers DeFi (decentralized financial) infrastructure solutions by leveraging the permissionless nature of blockchain technology. The Solana Foundation, based in Geneva, Switzerland, began conceptualizing and working on Solana in 2017, and the platform was officially launched in March 2020.
The Solana protocol makes it easier to develop decentralized applications (DApps). To increase scalability, a proof-of-history (PoH) consensus is introduced and layered on top of the blockchain’s underlying proof-of-stake (PoS) consensus. The Solana Foundation has devoted a lot of resources to spreading the use of decentralized financial systems.
Solana is well-known in the cryptocurrency space due to the blockchain’s incredibly rapid transaction processing. The hybrid protocol utilized by Solana significantly reduces validation and execution times for both transactions and smart contracts. Solana has attracted a great deal of institutional interest due to its blazing-fast processing times.
The Solana protocol is designed to serve both casual users and large businesses. According to one of Solana’s primary promises, customers will not be surprised by increased fees and taxes, and the protocol creates low transaction costs while ensuring scalability and rapid processing.
Solana utilizes proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms. Proof-of-history is essential to the Solana protocol, as it handles most transaction processing. PoH logs successful operations and the interval of time between them, ensuring the blockchain’s lack of trustworthiness.
The proof-of-stake (PoS) consensus is a monitoring tool for the proof-of-work (PoH) processes, validating each block sequence it generates. Combining two consensus mechanisms distinguishes Solana as a singular phenomenon within the blockchain industry.
Analysts’ View on Solana (SOL)
One crypto analyst also a degen with over 132k followers tweeted on Twitter that Solana price has a potential of breaking higher high.
However, there is a tweet from another analyst mentioning that Solana is dead. He said Solana will never reach rank of 5 again.
Ethereum founder, Vitalik tweeted that Solana chain has a brighter future.
Solana (SOL) Current Market Status
Solana (SOL) has a circulating supply of 396,085,947 SOL coins, while its maximum supply is not available, according to CoinMarketCap. At the time of writing, SOL is trading at $19.58 representing 24 hours increase of 1.71%. The trading volume of SOL in the past 24 hours is $241,157,548 which represents an 8.46% decrease.
Some top cryptocurrency exchanges for trading Solana are Binance, OKX, CoinW, Bitrue, and Deepcoin.
Now that you know SOL and its current market status, we shall discuss the price Analysis of SOL for 2023.
Solana (SOL) Price Analysis 2023
By market capitalization, SOL ranks 10th on CoinMarketCap’s list of the biggest cryptocurrencies. Will Solana’s most recent improvements, additions, and modifications help the SOL price rise? First, let’s focus on the charts in this article’s SOL price forecast.
Solana (SOL) Price Analysis – Bollinger Bands
The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).
The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility.
When Bollinger bands are used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time. The above thesis is derived from an Empirical law.
The sections highlighted by red rectangles in the chart above show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility.
The green rectangle show how SOL retraced after touching the upper band (overbought). Currently, SOL is moving sideways with very few vertical movements, which are quite negligible.
When considering the Bollinger bandwidth (BBW) indicator, we could see that there has been not much change to the width of bands since the beginning of 2023, apart from the high volatility at the start of 2023. Since February 2023, the bands have been fluctuating between 0.09 and 0.15 range. But come May, the bands have been holding their shape and the gaps between them have been constant.
It has been constant to an extent where the bandwidth indicator shows an almost horizontal straight line for the month of May. Currently, SOL is fluctuating in the lower half of the Bollinger band and it has touched the lower Bollinger band, as such we could expect SOL to retrace and move towards the SMA.
With more momentum from the buyer, Solana could move into the upper half of the Bollinger. Since SOL has touched the lower Bollinger, it seems to be an excellent entry point for buyers. Although the range for fluctuation is constricted now, there could be a period of high volatility in the future. As such, the buyers need to wait for the bands to widen and the price to shoot up.
In the event, that SOL has high volatility in the future, buyers may need to adjust their take profit margin giving more room for SOL to rise.
Solana (SOL) Price Analysis – Relative Strength Index
The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price.
Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA, it is considered bullish; if it’s below the SMA, it is bearish.
When considering the first green rectangle from the left of the chart below we can see that the RSI is above the signal. Hence, ADA is bullish and as a result, it is making higher highs.
The second green rectangle shows that the RSI line (purple) is below the Signal line (yellow). As such, Cardano is bearish or losing value. Therefore it is reaching lower lows as shown in the chart.
Moreover, the RSI could also be used to find out the divergence. For instance, when the token is making higher highs then the RSI should also be making higher highs in unison with it for it to be called a bull run. However, if the RSI does not make higher highs with the token, then we could say that there could be a trend reversal, as the token is losing value despite making higher highs.
Currently, the RSI is placed at 37.91 and it heading further down to the oversold region. We could expect it to reach the oversold region. As such buyers may need to wait for the market to saturate so that they could buy SOL at its lowest.
However, they could make use of the RSI Resistance and Support indicator used in the chart to enter and exit the market. Moreover, the indicators show the Crossover Overbought, Crossover Oversold, Crosssunder Overbought, and Oversold regions.
In particular, the indicator shows the overbought and oversold region for each crossing of the RSI, be it from over or under. Based on this traders can make their call. As SOL is currently in the bear zone, we could expect it to reach the Crossunder Oversold line (Purple). This may be an excellent entry point for buyers.
They may exit the market once SOL reaches the CrossOver Overbought line (green line). Once SOL reaches this line, those shorting SOL could make an entry.
Meanwhile the Stochastic RSI after being in the oversold region is now rising. This is a good sign that SOL could be at the beginning of an uptrend.
Solana (SOL) Price Analysis – Moving Average
However, the SMA equally distributes down all values whereas the Exponential Moving Average gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements.
The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average.
In particular, when the short-term moving average (50-day MA) approaches the long-term moving average (200-day MA) from below and crosses it, we call it a Golden Cross.
Contrastingly, when the short-term moving average crosses the long-term moving average from above then, a death cross occurs.
Usually, when a Golden Cross occurs, the prices of the cryptocurrency will shoot up drastically, but when there’s a Death Cross, the prices will crash.
Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the token is bullish (Red rectangle). Contrastingly, if the token is below the 50-day or 200-day, or below both, then we could call it bearish (Blue triangle section).
Interestingly, when considering the phase after SOL’s surge in 2023, we could see that the 50-day MA and the 200-day MA came in close quarters. Eventually, these two lines crossed and formed the Golden Cross. Unlike the conventional Golden cross that produces a large surge, SOL went experienced a crash.
However, SOL found support at the 50-day MA and started rebounding on it for a brief period of time. Nonetheless, the bears were too strong, hence, SOL fell below the 50-day MA and resorted support at the 200-day MA. We could expect SOL to test the 50-day MA which is acting as the immediate resistance. However, in the event that SOL crashed below the 200-day MA, it could seek support at $17.18.
Solana (SOL) Price Analysis – Elder Force Index
Elder Force Index is an indicator that was invented by Alexander Elder, who was an entrepreneur. The indicator mainly uses two parameters to adjudicate the buying and selling force and thereby predicts the market trend. In particular, it relies on price change and volume. As such the strength of the buying force or selling force is dependent on either the price change or the volume.
Whenever the EFI is greater than zero, or positive, we could say that the trend is bullish, as there is more buying pressure. However, when the EFI is in the negative zone, we could say that the cryptocurrency is in the negative zone and the selling pressure is more.
Moreover, the Elder Force could also be used to figure out trend reversals and breakouts. For instance when the EFI is making higher highs while the cryptocurrency is making lower highs, then we could say that this is a bullish divergence. However, in the event that the cryptocurrency is making higher highs while the EFI is making lower highs, then it is a bearish divergence.
Currently, the EFI of SOL is at -233.7K and the line is titling towards the downward direction away from zero, suggesting that the EFI could further drop. Moreover, the selling volume has increased by quite a margin right after the buying volume. We could expect the buyers to chip in at any given time and make the market move. But as per the EFI, the trend reversal happened at -1.03M, hence SOL may further tank.
Solana (SOL) Price Prediction 2023
When considering the chart above, we could see that SOL has been moving laterally as its vertical range motion was constricted, after the surge at the beginning of 2023. We could see that SOL tested Resistance 1 at $26.30 multiple times but wasn’t able to break it. As such we could expect SOL to land on Support 1, ricochet off of it, and reach Resistance 1.
However, based on the past observation of SOL, we could note that it rose to Resistance 3 at $38.13 from the very place that it is at right now. If SOL reciprocates that surge once again, we would see it reach Resistance 3. However, it may be stopped at the Resistance 2 level ($34.09).
Contrastingly, in the event that SOL reaches Support 1 and the bears take over the market, we could expect SOL to reach Support 2 at $9.51.
| Month | Minimum Price | Average Price | Maximum Price |
| May 2023 | 28.99 | 29.22 | 29.47 |
| June 2023 | 29.51 | 29.74 | 29.99 |
| July 2023 | 30.18 | 30.41 | 30.66 |
| August 2023 | 30.99 | 31.22 | 31.47 |
| September 2023 | 31.51 | 31.74 | 31.99 |
| October 2023 | 32.18 | 32.41 | 32.66 |
| November 2023 | 32.99 | 33.22 | 33.47 |
| December 2023 | 33.51 | 33.74 | 33.99 |
Solana (SOL) Price Prediction – Resistance and Support Levels
When considering the fluctuation pattern of Solana, we could see that it was supported by the 4:1 Gann line from March 2021 to May 2021. During this phase, broke the 3:1 Gann line and tested the 2:1 Gann line but was unable to break it. As such, it fell back to the 4:1 Gann line, however, the 4:1 Gann wasn’t able to hold SOL as such it fell to the 8:1 Gann line.
But the latter end of August 2021 brought about a great surge in SOL. During this surge, SOL was able to test the 1:1 Gann line. Since SOL wasn’t able to stay up there it fell to the 8:1 Gann line seeking for Resistance but was denied. And, thereafter it fell to 4:1 Gann line, 3:1 Gann line.
Nonetheless, it received support only at the 4:1 Gann line drawn 45 degrees from the right to the vertical. Although SOL started ascending along this line it wasn’t for long. Since it fell back in May 2022, SOL has been moving sideways. Moreover, at present SOL is approaching the 3:1 Gann line, we could expect SOL to descend along this line.
Solana (SOL) Price Prediction 2024
There will be Bitcoin halving in 2024, and hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect SOL to trade at a price not below $44 by the end of 2024.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2024 | 34.18 | 34.42 | 34.67 |
| February 2024 | 34.99 | 35.23 | 35.48 |
| March 2024 | 35.71 | 35.95 | 36.20 |
| April 2024 | 36.38 | 36.62 | 36.87 |
| May 2024 | 37.19 | 37.43 | 37.68 |
| June 2024 | 38.11 | 38.35 | 38.60 |
| July 2024 | 38.78 | 39.02 | 39.27 |
| August 2024 | 39.59 | 39.83 | 40.08 |
| September 2024 | 41.11 | 41.35 | 41.60 |
| October 2024 | 41.78 | 42.02 | 42.27 |
| November 2024 | 42.59 | 42.83 | 43.08 |
| December 2024 | 44.11 | 44.35 | 44.60 |
Solana (SOL) Price Prediction 2025
We should expect the price of SOL to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving over the previous year. Hence, SOL could end 2025 by trading at around $54.96.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2025 | 44.79 | 45.03 | 45.28 |
| February 2025 | 45.60 | 45.84 | 46.09 |
| March 2025 | 46.32 | 46.56 | 46.81 |
| April 2025 | 46.99 | 47.23 | 47.48 |
| May 2025 | 47.80 | 48.04 | 48.29 |
| June 2025 | 48.72 | 48.96 | 49.21 |
| July 2025 | 49.39 | 49.63 | 49.88 |
| August 2025 | 50.20 | 50.44 | 50.69 |
| September 2025 | 51.72 | 51.96 | 52.21 |
| October 2025 | 52.39 | 52.63 | 52.88 |
| November 2025 | 53.20 | 53.44 | 53.69 |
| December 2025 | 54.72 | 54.96 | 55.21 |
Solana (SOL) Price Prediction 2026
Since the maximum supply of SOL is approached by 2026, the bearish market that follows a solid bullish run impacts its previous price due to the entrance of more institutional investors to its platform. With this, the cost of SOL could break the usual trend and trade at $70.57 by the end of 2026.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2026 | 55.40 | 55.64 | 55.89 |
| February 2026 | 56.21 | 56.45 | 56.70 |
| March 2026 | 57.93 | 58.17 | 58.42 |
| April 2026 | 58.60 | 58.84 | 59.09 |
| May 2026 | 60.41 | 60.65 | 60.90 |
| June 2026 | 61.33 | 61.57 | 61.82 |
| July 2026 | 63.00 | 63.24 | 63.49 |
| August 2026 | 63.81 | 64.05 | 64.30 |
| September 2026 | 65.33 | 65.57 | 65.82 |
| October 2026 | 68.00 | 68.24 | 68.49 |
| November 2026 | 68.81 | 69.05 | 69.30 |
| December 2026 | 70.33 | 70.57 | 70.82 |
Solana (SOL) Price Prediction 2027
Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of SOL could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Therefore, SOL could trade at $87.18 by the end of 2027.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2027 | 72.01 | 72.25 | 72.50 |
| February 2027 | 72.82 | 73.06 | 73.31 |
| March 2027 | 74.54 | 74.78 | 75.03 |
| April 2027 | 75.21 | 75.45 | 75.70 |
| May 2027 | 77.02 | 77.26 | 77.51 |
| June 2027 | 77.94 | 78.18 | 78.43 |
| July 2027 | 79.61 | 79.85 | 80.10 |
| August 2027 | 80.42 | 80.66 | 80.91 |
| September 2027 | 81.94 | 82.18 | 82.43 |
| October 2027 | 84.61 | 84.85 | 85.10 |
| November 2027 | 85.42 | 85.66 | 85.91 |
| December 2027 | 86.94 | 87.18 | 87.43 |
Solana (SOL) Price Prediction 2028
In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain higher high values. Solana (SOL) could hit $104 by the end of 2028.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2028 | 88.62 | 88.86 | 89.11 |
| February 2028 | 89.43 | 89.67 | 89.92 |
| March 2028 | 91.15 | 91.39 | 91.64 |
| April 2028 | 91.82 | 92.06 | 92.31 |
| May 2028 | 93.63 | 93.87 | 94.12 |
| June 2028 | 94.55 | 94.79 | 95.04 |
| July 2028 | 96.22 | 96.46 | 96.71 |
| August 2028 | 97.03 | 97.27 | 97.52 |
| September 2028 | 98.55 | 98.79 | 99.04 |
| October 2028 | 101.22 | 101.46 | 101.71 |
| November 2028 | 102.03 | 102.27 | 102.52 |
| December 2028 | 103.55 | 103.79 | 104.04 |
Solana (SOL) Price Prediction 2029
By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of SOL to $120 by the end of 2029.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2029 | 105.23 | 105.47 | 105.72 |
| February 2029 | 106.04 | 106.28 | 106.53 |
| March 2029 | 107.76 | 108.00 | 108.25 |
| April 2029 | 108.43 | 108.67 | 108.92 |
| May 2029 | 110.24 | 110.48 | 110.73 |
| June 2029 | 111.16 | 111.40 | 111.65 |
| July 2029 | 112.83 | 113.07 | 113.32 |
| August 2029 | 113.64 | 113.88 | 114.13 |
| September 2029 | 115.16 | 115.40 | 115.65 |
| October 2029 | 117.83 | 118.07 | 118.32 |
| November 2029 | 118.64 | 118.88 | 119.13 |
| December 2029 | 120.16 | 120.40 | 120.65 |
Solana (SOL) Price Prediction 2030
The cryptocurrency market experienced high stability due to the holding activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Solana (SOL) to trade at around $136 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.
| Month | Minimum Price | Average Price | Maximum Price |
| January 2030 | 121.44 | 121.68 | 121.93 |
| February 2030 | 122.25 | 122.49 | 122.74 |
| March 2030 | 123.97 | 124.21 | 124.46 |
| April 2030 | 124.64 | 124.88 | 125.13 |
| May 2030 | 126.45 | 126.69 | 126.94 |
| June 2030 | 127.37 | 127.61 | 127.86 |
| July 2030 | 129.04 | 129.28 | 129.53 |
| August 2030 | 129.85 | 130.09 | 130.34 |
| September 2030 | 131.37 | 131.61 | 131.86 |
| October 2030 | 134.04 | 134.28 | 134.53 |
| November 2030 | 134.85 | 135.09 | 135.34 |
| December 2030 | 136.37 | 136.61 | 136.86 |
Solana (SOL) Price Prediction 2040
According to our long-term SOL price estimate, SOL prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $327 by 2040. If the market turns bullish, the price of SOL could go up beyond what we predicted for 2040.
| Minimum Price | Average Price | Maximum Price |
| $280 | $327 | $373 |
Solana (SOL) Price Prediction 2050
According to our SOL forecast, the average price of SOL in 2050 might be above $1126.8. If more investors are drawn to SOL between these years, the price of SOL in 2050 could be far higher than our projection.
| Minimum Price | Average Price | Maximum Price |
| $685 | $721 | $759 |
Conclusion
If investors continue to show interest in SOL and add these tokens to their portfolio, then, it could continue to rise up. SOL’s bullish price prediction shows that it could reach the $35 level.
FAQ
Solana is a powerful open-source project that offers DeFi (decentralized financial infrastructure) solutions by leveraging the permissionless nature of blockchain technology. The Solana Foundation, based in Geneva, Switzerland, began conceptualizing and working on Solana in 2017 and officially launched in March 2020. The Solana protocol makes it easier to develop decentralized applications (DApps). To increase scalability, a proof-of-history (PoH) consensus is introduced and layered on top of the blockchain’s underlying proof-of-stake (PoS) consensus. The Solana Foundation has devoted a lot of resources to spreading the use of decentralized financial systems.
SOL can be traded on many exchanges like other digital assets in the crypto world. Binance, OKX, BingX, MEXC, and Deepcoin are currently the most popular cryptocurrency exchanges for trading SOL.
Since SOL provides investors with several opportunities to profit from their crypto holdings, it seems to be a good investment in 2022. Notably, SOL has a high possibility of surpassing its current ATH in 2030.
SOL is one of the few active crypto assets that continue to rise in value. As long as this bullish trend continues, SOL might break through $90 and reach as high as $300. Of course, if the current market favoring crypto continues, it will likely happen.
SOL is expected to continue its upward trend as one of the fastest-rising cryptocurrencies. We may also conclude that SOL is an excellent cryptocurrency to invest in this year, given its recent partnerships and collaborations that have improved its adoption.
The lowest SOL price is $0.5052, attained on January 14, 2020, according to CoinMarketCap.
SOL was launched in 2020.
Anatoly Yakovenko co-founded SOL.
No data.
SOL can be stored in a cold wallet, hot wallet, or exchange wallet.
Solana (SOL) is expected to reach $35 by 2023.
SOL price is expected to reach $44.35 by 2024.
SOL price is expected to reach $54 by 2025.
SOL price is expected to reach $70 by 2026.
SOL price is expected to reach $87 by 2027.
SOL price is expected to reach $103 by 2028.
SOL price is expected to reach $120 by 2029.
SOL price is expected to reach $137 by 2030.
SOL price is expected to reach $469 by 2040.
SOL price is expected to reach $1126.8 by 2050.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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