Solana
Solana Price Prediction: 2024, 2025, 2030
SOL Price Prediction: Key Highlights
1. Primary Support and Resistance Levels
- In the weekly chart, the lowest support was at $18.
- $250 resistance can be expected to be the highest.
2. Market sentiment
- The market appears to be slightly bullish in July 2024.
3. Predictive forecasts
- According to AI/ML prediction algorithms, SOL can negotiate an average price of more than $5,000 by 2028 and near 1 million dollars by 2035.
Get in-depth information about GROUND via a comprehensive weekly technical analysis, followed by days ahead of the month, months ahead and annual forecast tables derived from our AI/ML based predictive models:
SOL Technical Analysis: Is a New Uptrend Coming?
SOL has stood out in 2023 and has garnered considerable investor attention this year. SOL is widely expected to continue to reach new highs, making the forecast for Solana The price in 2024 is particularly significant.
In July 2023, bulls made hesitant recovery efforts from the annual low at $18. However, these attempts failed to bear fruit, causing the asset to drop to this level in September. This volatile period paved the way for a significant reversal later in the month, when SOL began its upward trajectory.
This momentum peaked with a strong surge in mid-December, pushing the price above $88. She subsequently challenged the $125 level but faced rejection due to market exhaustion of intense purchasing activity.
By early 2024, SOL has revisited the $88 brand. In January, the price briefly fell below the pivot $88 And $90 areas, to regain strength at the end of the month. bullish The late February candles propelled the coin towards the resistance peak of $204 in mid-March.
At the same time, she gained a foothold in $180. April saw a rejection after a prolonged impasse. A general market slowdown pushed the price higher $125. However, repeated tests of $150 culminated in a breakout in mid-May.
An attempt at recovery at the end of the month $180 sets off sales at a loss. In addition, a significant presence of red candles erased previous gains as $125 resisted declines in mid-June. Since then, the price has remained limited in scope between this base while looking $150 resistance. At the time of writing, SOL was trading at $140.
On the network side, AMBCrypto note In the second quarter of 2024, Solana showed strong growth in the Decentralized Finance (DeFi) and non-fungible token (NFT) markets, with a 1000% increase in Total Locked Value (TVL) year-over-year (YoY) and substantial engagement in NFT trading. However, the beginning of the third quarter saw a slowdown, with significant declines in daily active addresses and transactions on the Solana blockchain, which also impacted network fees and revenue.
Recent developments of AMBCrypto analysis revealed that the market presented a bearish bias on the daily chart, but could maintain a bullish outlook in the long term. This optimism could come from expectations surrounding a possible GROUND exchange traded fund (ETF) and the opportunities that could arise following the upcoming US elections.
Given the market dynamics, the consolidation can probably last in the short term. In addition, the defense of $125 and liquidity hunts have suggested that a upward trend could succeed. Should Bitcoin (BTC) exceeds the $60,000 mark in the coming weeks, this could inspire enough confidence in the bulls to push SOL price above $150.
This can help buyers to retest the $180 zone. If the buying momentum persists, SOL could reverse this level and approach its maximum graphic barrier in the short to medium term. historical record (ATH) would mark the next major step.
However, the $250 may also act as a significant obstacle to the upward movement. In the meantime, a close below the $125 the support range may expose the part to prolonged exposure downward trend.
Our advanced predictive analytics indicate a promising rise in SOL’s value. These models suggest a continued upward trajectory, predicting an average price above $5,000 by 2028.
Projections are becoming increasingly optimistic by 2035. Solana is expected to break key resistance levels, setting a new valuation benchmark with an expected average trading price close to 1 million dollars.
SOL 2024 Roadmap: Key Metrics to Watch and Trade
- THE trading volume SOL’s price movements have been mirrored, with significant increases during market rallies reflecting active investor engagement. However, the slowdown in Q2 2024 has led to a decrease in volume, signaling a more cautious approach among traders.
- THE Chaikin Money Flow (CMF) remained above the base line for the whole year, ending the period at 0.19. This suggestion continues accumulation.
- THE Moving Average Convergence and Divergence (MACD) and signal line started below the base line, but on an upward trajectory, with the former in the lead. This development culminated with lines turning positive in the second half of October.
- However, in April, the MACD line turned lower, marking a bearish crossover later in the month. The latest values were a histogram at -6.62MACD line at 10.85and the signal line to 17.47. This indicates a weakening of momentum, potentially reversing the trend. bullish to orient oneself.