Solana (SOL) Forecast - Will SOL Go Back UP?

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Anton Kharitonov, analyst at Traders Union, believes that Solana will be traded at $156.04 by the end of 2024, $186.58 by the end of 2025, and the coin could be worth $455.87 by 2030.

Solana (SOL) is a cryptocurrency platform for decentralized finance (DeFi). SOL has a number of advantages over its key competitors, such as Ethereum. In particular, the transaction processing speed on the platform reaches 50,000 transactions per second, and their cost is only $0.00025.


The Solana price grew strongly in 2020-2021 – from USD 2-3 to USD 260 at the peak of the upward movement, which incited huge interests of investors and traders. Everybody is interested in whether Solana will be able to achieve the same success again and whether SOL price will rise again.


Traders Union experts collected long-term Solana (SOL) price predictions by top analytical platforms. Also in our article, you will be able to learn the latest signals on the SOL price for 1 day and 1 week. Solana signals are based on the technical analysis indicators.

Do you prefer watching videos? Then watch the video summary of this article.

Below you will find all the information.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.

Solana price prediction for 1 day and for 1 week

Short-term Solana forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out Solana forecast for today.

NOTE!

Signals may differ on different timeframes. If you want to buy SOL and hold it for longer than one week, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions

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Solana coin price prediction 2024. Will SOL go back up by the end of the year?

During the cryptocurrency supercycle of 2020-2021, Solana price grew more than 100 times. The key question for investors at the moment is whether Solana is a good investment after a substantial correction. Will the currency resume its growth in the period of 3-8 years? We have made a selection of analytical SOL price predictions by top expert groups.


According to the analytical forecast by Anton Kharitonov, a TU analyst, SOL price will reach $156.04 by the end of 2024.

Solana price prediction (SOL/USD) 2024 by months

The TU analysts also expect moderate growth of Solana coin price. According to their forecast, SOL price can reach a range of $140.44 - $171.64 by the end of 2024.

Month Minimum Price Maximum Price Average Price
May 2024 $126.53 $154.65 $140.59
June 2024 $128.43 $156.97 $142.7
July 2024 $130.36 $159.32 $144.84
August 2024 $132.31 $161.71 $147.01
September 2024 $134.3 $164.14 $149.22
October 2024 $136.31 $166.61 $151.46
November 2024 $138.36 $169.1 $153.73
December 2024 $140.44 $171.64 $156.04

Indicator Based Technical Analysis of SOL/USD

To find a better entry point, also find out what TradingView technical analysis tool signals for the Solana (SOL/USD) price. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

Solana price prediction for 2025 and 2030

Many analysts are still optimistic about the long-term prospects of Solana and give positive long-term forecasts.

Solana price prediction 2025 by months

Month Minimum Price Maximum Price Average Price
January 2025 $142.54 $174.22 $158.38
February 2025 $144.68 $176.84 $160.76
March 2025 $146.85 $179.49 $163.17
April 2025 $149.06 $182.18 $165.62
May 2025 $151.29 $184.91 $168.1
June 2025 $153.56 $187.68 $170.62
July 2025 $155.86 $190.5 $173.18
August 2025 $158.2 $193.36 $175.78
September 2025 $160.58 $196.26 $178.42
October 2025 $162.99 $199.21 $181.1
November 2025 $165.44 $202.2 $183.82
December 2025 $167.92 $205.24 $186.58

Solana price prediction 2030 by months

Month Minimum Price Maximum Price Average Price
January 2030 $348.3 $425.7 $387
February 2030 $353.53 $432.09 $392.81
March 2030 $358.83 $438.57 $398.7
April 2030 $364.21 $445.15 $404.68
May 2030 $369.67 $451.83 $410.75
June 2030 $375.22 $458.6 $416.91
July 2030 $380.84 $465.48 $423.16
August 2030 $386.56 $472.46 $429.51
September 2030 $392.35 $479.55 $435.95
October 2030 $398.24 $486.74 $442.49
November 2030 $404.22 $494.04 $449.13
December 2030 $410.28 $501.46 $455.87

What Solana price will be in 5 years and 12 years – prediction by years

According to the Traders Union long-term price forecast Solana (SOL) can reach $156.04 by 2025, $381.28 by 2030, $779.17 by 2034.

Year Price in the middle of the year Price at the end of the year
2024 $142.7 $156.04
2025 $170.62 $186.58
2026 $204.02 $223.09
2027 $243.95 $266.74
2028 $291.66 $318.9
2029 $348.7 $381.28
2030 $416.91 $455.87
2031 $498.47 $545.06
2032 $596 $651.69
2033 $712.59 $779.17
2034 $851.97 $931.58
2035 $1,018.62 $1,113.81

Alternative long-term price predictions by independent analytical platforms

Here, you will find long-term cryptocurrency price predictions provided by independent analytical resources. The price prediction methodologies they use vary, which is why the predictions may differ substantially from each other. We recommend focusing on the average price.


According to the price prediction by PricePredictions analysts, the 10-year SOL price outlook is as follows:

Year Minimum price Average price Maximum price
2024 $135.06 $168.82 $202.59
2025 $247.6 $281.37 $315.13
2026 $360.15 $393.92 $427.68
2027 $472.7 $506.46 $540.23
2028 $585.25 $619.01 $652.78
2029 $697.79 $731.56 $765.32
2030 $810.34 $844.11 $877.87
2031 $922.89 $956.65 $990.42
2032 $1,035.44 $1,069.2 $1,102.97
2033 $1,147.98 $1,181.75 $1,215.51
2034 $1,260.53 $1,294.3 $1,328.06

According to the price prediction by Walletinvestor analysts, the SOL price will be $140.804 at the beginning of 2025, and $171.883 at the beginning of 2029.


According to the price prediction by Coin Price Forecast analysts, the SOL price is expected to reach the following values in the next 10-12 years:


Year Mid-Year Year-End Tod/End,%
2024 $283 $500 +347%
2025 $755 $790 +606%
2026 $824 $860 +669%
2027 $1,048 $1,230 +1,000%
2028 $1,272 $1,187 +961%
2029 $1,352 $1,179 +954%
2030 $1,305 $1,162 +939%
2031 $1,281 $1,404 +1,155%
2032 $1,465 $1,590 +1,322%
2033 $1,718 $1,850 +1,554%
2034 $1,763 $1,886 +1,586%
2035 $2,012 $2,140 +1,813%

According to the price prediction by Long Forecast analysts, the SOL price will be $249 at the beginning of 2025, and $838 at the beginning of 2028.

What news may impact Solana (SOL) price in the future?

Solana (SOL) price is largely formed under the influence of speculative factors and depends on the general trend in the cryptocurrency market. The influence of this factor on Solana in the future will be no less than the operation of the platform itself.


In addition, this cryptocurrency has a strong fundamental base, as it has many applications. Rapid growth of the DeFi industry is helping this cryptocurrency to retain strong positions in the market. However, Solana is still not a model of reliability. Removing technical complexities and improving reliability will be an important foundation for the future trend.


In June 2023, it became known that the U.S. Securities and Exchange Commission (SEC) considers the popular cryptocurrencies Cardano (ADA), Polygon (MATIC), and Solana (SOL) to be non-registered securities. The SEC considers trading these cryptocurrencies in the U.S. to be illegal because it’s impossible to protect investors’ rights. This position of the SEC is expressed in the lawsuit against Coinbase and Binance US that are charged with illegal trading.


The Robinhood broker and several other providers of cryptocurrency trading services have announced that they will delist ADA, SOL, and MATIC.


Representatives of the cryptocurrency projects have stated that the accusations are groundless. Nevertheless, after this news was published, capitalization of the cryptocurrencies mentioned in the lawsuit fell rapidly. Traders Union’s analysts believe that the price of these tokens will be under pressure from sellers until the situation is settled. At the same time, it should not be ruled out that in case of a successful settlement of the situation, the price may rise very significantly.

SOL/USD Chart Online

Latest exchange rates online

Expert opinion. What to expect from the SOL price?

Solana was created as a competitor of Ethereum. The mission of the platform was to solve the scalability issue and increase the network capacity. Accordingly, this should have increased the transaction confirmation speed and reduced fees. The platform partially succeeded in achieving these goals – the meter on the platform’s website shows 1,500-2,000 transactions per second, while for Ethereum, it is literally just a few transactions. However, Solana lost the competition mostly due to the product being ‘raw’. The platform has crashed multiple times, was down for several hours, etc. For example, 2 failures per month are not uncommon for the platform. Another such failure led to a 12% price drop – Solana users preferred to switch to other blockchains. The platform still retains prospects at the moment, as its blockchain hosts Tether, Chainlink, and STEPN. However, failure to resolve the issues with platform failures will lead to an even larger outflow of users.


Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

Why do the SOL price predictions of analysts differ?

Analysts use different prediction models and therefore the results may differ significantly.

Will the Solana (SOL) price reach $1?

There are long-term forecasts supporting this probability, however, the majority of experts do not predict a growth to $1 within 1-2 years.

When is the good time to buy Solana?

You can use TU signals, which are based on indicators. In this case, the chances of a successful transaction will increase to an extent. However, even then you should not ignore the rules of risk management. It is not advisable to buy Solana using margin funds, or to invest more than you can afford to lose.

Will Solana price only grow in the future?

Long-term forecasts for this cryptocurrency are positive, however nobody can guarantee growth. The price may increase, but may also drop.