Solana (SOL) Price Prediction 2024: Potential to Increase to IDR 2.7 Million!

Solana (SOL), a rising digital currency, is now in the spotlight with promising price predictions for 2024. With strong momentum and positive market sentiment,

many are wondering whether Solana will be a profitable crypto investment in future? Before discussing Solana price predictions 2024, let's explore the increase in value in 2023!

Solana (SOL) Price Soars 398.25% in 1 Year On December 14 2023, the Pintu market page noted that the price of SOL experienced a significant jump, namely 398.25% within one year. SOL touched its lowest price of IDR 150,755 and its highest price of IDR 1,167,151. At the time of writing, Solana's market capitalization was recorded at around $31.6 billion, placing it in 6th place on the list of top cryptos by market cap. Thanks to the increase in value in the span of one year.

Then, what is the price prediction for Solana (SOL) in 2024?
Solana Positive Sentiment Surge In recent times, positive sentiment towards Solana has reached its peak in the last 18 months, driven by a series of airdrops from new projects on the Solana network, such as Jupiter, Zeta, and Drift.
Additionally, key indicators such as the Relative Strength Index (RSI) and Money Flow Index (MFI) indicate strong buying pressure, according to the AMB Crypto report. However, the significant surge in value in the last 30 days has increased market volatility. Widening Bollinger Bands (BB) and rising Average True Range (ATR) confirm this volatility trend. Solana has recorded a steady price increase, trading at $74 on December 9, 2023, which is the highest price point since May 2022. Despite a slight price pullback, Solana is still trading above $70. This shows that there is potential for further growth, but investors should be alert to the possibility of a price correction Based on the Analytics Insight report, experts predict that the price of Solana in 2024 could range between $90 or the equivalent of IDR 1.3 million to $180 or IDR 2.7 million ($1 = IDR 15,528). Factors such as the Bitcoin Halving scheduled for April 2024 and a potential altcoin season could impact Solana's performance If market conditions are favorable, Solana could reach a high price of $180 by the end of the year. However, if market sentiment does not improve, Solana may end up at a more conservative price point, around $90. While this is far from the coveted $300 mark, it is important to remember that the crypto market is highly volatile and many factors can influence price movements. Ultimately, Solana shows promising potential in 2024 with a price range that may reach $90 to $180. With various growth and developments in the Solana ecosystem as well as other factors, the future of Solana seems quite bright.