Solana Price Prediction: Can SOL Price Extend 500%+ Rally To Touch $140?

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7 Jan 2024

Table of Contents

Key Takeaways

Solana’s Remarkable Performance: Solana price has surged impressively since October 2023, soaring by nearly 530% by December and briefly holding the fourth largest crypto market cap spot. The trajectory mirrors Bitcoin’s recovery from the early 2022 bear market, demonstrating strong resilience.
Bullish Market Signals: Technical indicators, such as Solana price exceeding its moving averages and a bullish sentiment of 93%, indicate positive market trends. The Fear-Greed Index at 71 (Greed) and bullish sentiments suggest sustained upward momentum.
Technical Indicators: Solana price hovers around $110, exhibiting a bullish golden crossover. Resistance is anticipated at $121, while strong support lies between $95 and $100, marked by the Fibonacci pivot point.
Positive Price Predictions: Solana price prediction for 2024 suggest a price range of $250 to $300, highlighting an optimistic outlook for Solana price trajectory, aligning with its scalability and technological prowess.
Future Market Outlook: Despite short-term fluctuations within defined price ranges, the trajectory favors Solana’s resilience and potential for sustained growth. The article anticipates Uptober’s historical bullishness and hints at continued positive momentum into 2025.

Solana Overview as of January 3, 2023

Solana Price$109.524 Price Change-3.9%7D Price Change-1.8%Market Cap$47.1 billionCirculating Supply430 million SOLTrading Volume (24-Hour)$3.3 billionATH$258.9Fear-Greed Index71 (Greed)SentimentBullishVolatility21.3%Green Days16/30 (53%)

Solana Technical Analysis

Bullish93%Bearish7%

SOL/USD | Source: Tradingview

Solana has ascended to the top 10 cryptos by market cap, showcasing an impressive surge since October 2023. Starting from September 28, it surged by nearly 530%, with December contributing to a 106% increase. Solana had briefly flipped BNB to become the fourth largest crypto by market cap, before falling back to the fifth position as of writing, still above Ripple’s XRP and Cardano.
After the impact of the bear market in early 2022, SOL price exhibited a robust recovery, mirroring the Bitcoin price trajectory.
Demonstrating a parallel movement to Bitcoin price, Solana’s current price hovers just shy of $110, approaching levels unseen since April 2022, and maintains its upward momentum, even with the beginning of 2024.
Solana price has significantly exceeded its 50-day and 200-day exponential moving averages, indicating a bullish golden crossover. This crossover suggests further strengthening of bullish price trends in the foreseeable future.
Solana price is currently trading under the fresh new R1 level plotted for the month of January 2024 placed at around $121. A successful breakout beyond $121 would produce targets of $140 on an immediate basis before the end of the month.
On the downside, the region between the psychological level of $100 and the P level of the Fibonacci pivot point at $95 should serve as a strong region of support.

SOL Price Prediction 2023-2030

YearMinimum Price / Maximum Price2024$250 to $3002025$380 to $500

Solana Price Prediction January 2024

As the curtains rise on January 2024, Solana price gears up for a spectrum oscillating between $130 and $140. This month commences with an intriguing outlook, poised for potential fluctuations within this defined range. Solana price trajectory reflects a scenario marked by nuanced movements influenced by market sentiments and evolving trends within the Solana ecosystem.
Projections hint at a period of consolidation, signifying a phase of market equilibrium within this price corridor. Investors and enthusiasts anticipate Solana to navigate this range, manifesting resilience amidst intermittent market fluctuations. This phase serves as a platform for potential reevaluation and recalibration of Solana’s market position, setting the tone for a dynamic start to the year within the Solana landscape.

Solana Price Prediction February 2024

February 2024 unfurls a serene phase for Solana’s price trajectory within the $140 to $160 range. This month signifies a potential lull, characterized by restrained price movements and subdued market activity, positioning itself as a preparatory phase for subsequent market surges and shifts.
The projected range hints at a consolidation period, where Solana may showcase limited fluctuations, indicating a stable stance amidst this price corridor. This phase could serve as an opportunity for strategic positioning, allowing investors to reassess and strategize for the prospective volatility and momentum anticipated in the upcoming months within the Solana ecosystem.

Solana Price Prediction March 2024

March 2024 heralds a continued consolidation phase for Solana price, traversing a price corridor spanning from $160 to $170. The market sentiment remains subdued, with a majority of attention and speculation directed towards Bitcoin’s imminent halving event.
This consolidation appears consistent with Solana’s recent trend, mirroring the broader market sentiment marked by a cautious approach amid heightened anticipation for significant events. The range-bound movement suggests Solana’s resilience amidst external factors, presenting a phase of stability and strategic positioning ahead of potential market shifts post-Bitcoin halving.

Solana Price Prediction April 2024

April 2024 anticipates a dynamic shift within the Solana price action, poised within a range spanning from $170 to $190. Optimism brims within the crypto market, fueled by the residual excitement from Bitcoin’s recent halving event.
Solana, known for its swift scalability and innovative technology, might capitalize on this market fervor, potentially experiencing surges aligned with the broader market sentiment. The price corridor presents an opportunity for Solana to demonstrate its resilience amidst market shifts, possibly offering investors an encouraging outlook.

Solana Price Prediction May 2024

May 2024 sets an optimistic tone for Solana, with the price range projected between $190 to $220. The moderate bullish momentum witnessed in previous months might persist, hinting at a potentially progressive quarter ahead.
Solana’s scalability and network efficiency continue to attract attention, potentially fueling the bullish sentiment. The projected range aligns with a period of steady growth, fostering investor confidence in Solana’s technological advancements.
This phase underscores the blockchain’s capacity to sustain and potentially amplify its market position, paving the way for a promising quarter. Solana’s ability to maintain its upward trajectory in this range might affirm its market resilience and bolster the faith of stakeholders in its long-term viability.

Solana Price Prediction June 2024

June 2024 holds substantial promise for Solana, as the price range is estimated between $220 to $250. The sustained moderate bullish trend is further underlined by Solana’s recent feat of surpassing Binance Coin (BNB) to secure the fourth position in market cap rankings.
This positioning signifies growing investor confidence and heightened market interest in Solana’s technological prowess. The range forecasted for this month aligns with a period of consistent growth, backed by the network’s scalability and efficiency.
The transition to a higher rank underscores Solana’s evolution into a formidable player within the crypto space. This bullish phase may offer further validation of Solana’s capabilities, potentially strengthening its foothold in the market and setting the stage for continued upward movement in the near term.

Solana Price Prediction July 2024

Entering July 2024, Solana price faces a range of $230 to $250, marked by a nuanced shift in sentiment. The initial half of the year propelled Solana price through a bullish rally, setting the stage for some market reevaluation and potential profit-taking in the latter part.
This quarter might introduce subtle bearish undertones as investors reassess their positions following a robust first half. While the range indicates potential for profit-taking, it also signifies a period of market consolidation and recalibration.
Solana’s resilience amid this phase of readjustment could signal a healthy market correction rather than a definitive downturn. Such market movements typically pave the way for renewed investor interest and strategic reentries, possibly shaping Solana’s trajectory for the latter part of 2024.

Solana Price Prediction August 2024

August 2024 presents a price range for Solana spanning $220 to $230, hinting at a continued phase of consolidation and tentative bearish sentiment from the previous month. This consolidation period often signifies a repositioning of investor portfolios and a recalibration of market dynamics.
This consolidation might pave the way for a potential accumulation period, offering strategic opportunities for market participants eyeing long-term positions. Such phases, while seemingly inert, often set the stage for future price catalysts and define the next trajectory for Solana’s market movements.

Solana Price Prediction September 2024

September 2024 arrives amidst an intriguing phase for Solana, continuing the observed consolidation within a price bracket of $230 to $240. This phase seems marked by a tempered bearish sentiment that has persisted from previous months, creating an atmosphere of cautious optimism.
As Solana navigates this phase, the cautious sentiment might eventually pave the way for renewed market activity and clearer price trends. Observing the ongoing trends and indicators becomes crucial during these consolidation phases, as they could offer valuable insights into the future direction of Solana’s price action.

Solana Price Prediction October 2024

October, known colloquially as “Uptober” in the crypto space, emerges as a pivotal month poised to revitalize market sentiments for Solana. Historically, this period has been synonymous with bullish upswings, fostering an environment conducive to heightened market activity.
Within a price range spanning $250 to $280, Solana price appears positioned to align with the broader market trend, potentially experiencing renewed bullish momentum. The historical context of Uptober infuses an air of anticipation among traders and investors alike, hinting at potential market fireworks.

Solana Price Prediction November 2024

November shapes up as a pivotal juncture following the bullish trend initiated in October. With a price range spanning $275 to $300, Solana price trajectory aligns with the ongoing market exuberance, potentially carrying forward the momentum generated in the previous month.
The bullish sentiment observed in October sets the stage for continued optimism in November, positioning Solana within a range conducive to sustained upward movements. This phase might mark a period of consolidation and upward bias, fostering an environment ripe for potential price surges.

Solana Price Prediction December 2024

December signifies a potential crescendo for Solana, concluding a year marked by impressive milestones. With a price range spanning $290 to $320, this phase marks a potential continuation of the meteoric rise experienced throughout 2024.
As the year draws to a close, Solana price trajectory reflects a culmination of its resilient journey, having surged nearly 200% year-to-date. This month might see Solana navigating within this range, mirroring the bullish sentiment observed in the previous months.
The prevailing market sentiment showcases a sustained upward momentum for Solana, a testament to its resilience and growing market prominence. This anticipated surge in November sets the stage for a grand finale to a year characterized by consistent growth and investor confidence.
Solana’s remarkable journey throughout 2024 positions it as a leading player within the crypto realm, with the potential to continue its upward trajectory. This phase might witness investors and traders capitalizing on strategic opportunities presented by Solana’s anticipated movements, marking a fitting conclusion to a year marked by remarkable price appreciation.
As Solana price charts its course through November, the bullish sentiment from previous months reinforces the narrative of this crypto poised for continued success, marking an optimistic conclusion to an eventful year.

Solana Price Prediction 2025

In early 2025, Solana price is believed to reach the halfway point, paving the way for an ongoing uptrend in the first two quarters.
This may bring the SOL price close to the highs of the current bull market, nearing the range of $380 to $450.
However, before reaching the significant $500 mark, the SOL price could experience a new decline due to the exhaustion of bullish momentum.
The initial retreat may begin as a minor correction, potentially followed by a small rebound. However, with time, bearish forces are expected to strengthen, possibly marking the start of a new bear market.
This could result in a sharp and sustained downward trend until the year’s end, with the price trading between $280 and $350, representing a decline of more than 35% to 40% from its previous highs.

Solana Price Prediction 2026

The bearish trend that started at the end of 2025 is expected to continue into 2026, maintaining its negative direction.
Solana price might undergo a significant decline of over 55% by the end of the first half of the year. However, it’s expected to find support at the $240 level.
As we move into the latter part of the year, bearish activity is predicted to strengthen, with the market yet to reach its lowest points in the ongoing bear market.
Further, the SOL price could lose over 80% of its value, potentially trading in the range of $180 to $200.
By the end of the year, the bulls may enter and try hard to halt the bearish trend and trade between $215 to $225.

Solana Price Prediction 2027

After hitting the lowest points of the current bear market, Solana price is predicted to start a gradual recovery, although not with strong momentum.
In the early part of 2027, the bulls may intensify their activity, halting the ongoing downward path and raising the price levels above the $280 resistance level.
The price is expected to follow an upward consolidation pattern to reach higher price targets shortly.
As the year nears its end, Solana price will reverse its direction and maintain a respectable upward trend, regaining levels above $300
By the end of the year, the Solana price could trade between $330 to $350, with the bulls holding a tight grip over the rally.

Learn More: Polygon Price Prediction

Solana Price Prediction 2028

Solana’s price could maintain a strong upward trend right from the beginning of the year, consistently showing higher highs and lows.
A notable change in the market direction is anticipated to bring in a slow recovery phase for Solana in the second quarter.
As we move into the year’s second half, the price is expected to gain momentum, sustaining a significant upward path.
By the end of the year, Solana’s price might see an improvement from its previous lows and potentially trade between $420 and $480

Solana Price Prediction 2029

After a possible lengthy bearish phase that extended for more than a year, a significant price increase is expected.
This trend is anticipated to maintain its upward trajectory throughout the year as the price aims to regain its previous position.
The ongoing recovery may gradually evolve into a notable upward trend, potentially transforming into a full-fledged bull run in the final quarter.
By the end of the year, it is predicted that Solana’s price will likely trade within the range of $530 to $550

Solana Price Prediction 2030

The Solana trade in 2030 is expected to begin with a strong uptrend, focused on quickly regaining higher price levels.
This upward trend is foreseen to continue throughout the year, marked by consistently higher highs and lows.
As the year advances into its second half, the ongoing upward movement might evolve into a full-fledged bull run, reaching new price highs.
The price could surpass the significant milestone of $600, ultimately achieving new peaks during this prevailing bullish phase, possibly around $650 to $680.
By year-end, it’s projected that the Solana price may settle at approximately $580 to $610 after facing resistance from the highs.

Will Solana Price Continue to Rise in 2024?

Solana price can be expected to continue its upward trend well into 2024, as highlighted in the article above. This is because we are seeing a broad base recovery in the crypto market, which is triggering a good bullishness in the ‘Ethereum-killer’ altcoin too. It has been one of the best performers amongst the top 10 cryptos by market cap and this will only continue, provided the broader bullish momentum sustains.