Key Takeaways
- Solana Current Status: Solana has been displaying a consistent trend since the start of the year and now that the close is just an inch away, the bulls remain passive. The price is juggling around a narrow range, failing to rise above the crucial resistance. The bears do not appear to be strong but the lack of strength in bulls is making it appear difficult to surpass the new ATH.
- Market Performance: The Solana price is trading around with a notable rise of around 0.49% in the past 24 hours and a 0.93% jump in the past seven days. The market capitalization has decreased by a similar range, reaching over $111.78 billion, while the trading volume surpassed $8.76 billion with a jump of nearly 13.73%. The bullish sentiments for tokens have surged to 81%, while the Fear-Greed Index has reached 85, indicating that traders are extremely greedy at the moment.
- Technical Analysis: After rising to the resistance, the SOL price is failing to surpass it due to a significant drop in the buying volume. Besides, the bears are trying hard to lower the levels below $230. However, the technicals like RSI & Moving Average Convergence Divergence (MACD) remain in bullish favor, and hence the price is believed to trigger a rebound soon.
- SOL Price Prediction: Solana price demonstrated a mature price action throughout the year with no major pullbacks. After maintaining a consistent ascending trend, the price is believed to maintain a similar trend for the rest of 2024. Moreover, the current price action displays a huge possibility of marking a new ATH above $270 and closing the yearly trade on a bullish note.
- Future Outlook: The fundamentals of Solana are growing day by day and becoming stronger. Besides, the growing trading activity over the platform suggests having a positive impact over SOL price in the long term. Hence the future outlook of Solana remains bullish.
Where will Solana Price Head Next?
- As seen in the above chart, SOL price maintains a consistent ascending trend chart pattern withstanding bearish interference on frequent intervals.
- The price faces a small pullback but holds huge potential to trigger a strong rebound as the DMI technical indicator is about to undergo a bullish crossover.
- A flip in the trend is expected to attract more volume, which is currently above the average and hence a bullish continuation may be imminent.
- On the other hand, the Bollinger bands have begun to contract, suggesting a drop in liquidity and volatility. However, an excess compression leads to a massive breakout, which is expected to push the price and sustain beyond the resistance at $250.
- Therefore, Solana price is expected to climb and secure levels above $250, which could pave the way for a new ATH at around $270.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$177.31/ $151.49/ $109.68
|
|
Resistance levels (Fibonacci, R1/R2/R3) |
$260.92 / $286.74 / $328.54
|
|
50-day EMA |
$210.64
|
|
200-day EMA |
$168.3
|
|
RSI level |
56.12
|
|
MACD level (Signal Line) |
7.48 |
Solana Price Prediction December 2024
The Solana price surpassed the previous ATH but failed to sustain long-term stability within the discovery phase. As a result, bearish activity intensified, causing the price to drop by over 20% from new highs above $264. However, the monthly trade has begun bullish, indicating the bulls are gaining back their strength, which could push the price higher. Although the markets are consolidating, the bulls are expected to regain control as the trade advances towards the end of the year. Therefore, the SOL price is expected to revamp a strong rise and close the yearly trade, forming new highs around $275 to $280.
Solana Price Prediction 2025
In early 2025, Solana price is anticipated to reach a midpoint, setting the stage for an ongoing uptrend in the first two quarters. This momentum could propel the SOL price close to the highs of the current bull market, targeting a range between $380 and $450. However, before achieving the significant $500 mark, Solana might experience a new decline due to the exhaustion of bullish momentum. The initial retreat may start as a minor correction, potentially followed by a small rebound. Over time, bearish forces are expected to strengthen, possibly marking the onset of a new bear market. This shift could lead to a sharp and sustained downward trend until the end of the year, with the price trading between $280 and $350, indicating a decline of more than 35% to 40% from its previous highs.
The bearish trend that began at the end of 2025 is expected to persist into 2026, maintaining its negative trajectory. Solana price might see a significant decline of over 55% by the end of the first half of the year. However, it is anticipated to find support at the $240 level. As the year progresses into its latter part, bearish activity is predicted to strengthen, with the market yet to reach its lowest points in the ongoing bear market. The SOL price could potentially lose over 80% of its value, trading in the range of $180 to $200. By the end of the year, bullish forces may attempt to halt the bearish trend, aiming to trade between $215 and $225.
After hitting the lowest points of the current bear market, Solana price is predicted to begin a gradual recovery, although without strong momentum. In the early part of 2027, bullish activity may intensify, halting the ongoing downward trend and raising price levels above the $280 resistance level. The price is expected to follow an upward consolidation pattern, reaching higher targets shortly. As the year nears its end, Solana price is anticipated to reverse its direction, maintaining a respectable upward trend and regaining levels above $300. By the end of the year, Solana price could trade between $330 and $350, with bullish forces maintaining a firm grip on the rally.
Solana price is expected to maintain a strong upward trend from the beginning of the year, consistently showing higher highs and lows. A notable change in market direction is anticipated to initiate a slow recovery phase for Solana in the second quarter. As the year progresses into the second half, the price is expected to gain momentum, sustaining a significant upward path. By the end of the year, Solana price might see an improvement from its previous lows, potentially trading between $420 and $480.
After a potentially lengthy bearish phase extending for over a year, a significant price increase is expected. This trend is anticipated to maintain its upward trajectory throughout the year as Solana price aims to regain its previous position. The ongoing recovery may gradually evolve into a notable upward trend, possibly transforming into a full-fledged bull run in the final quarter. By the end of the year, it is predicted that Solana price will likely trade within the range of $530 to $550.
The Solana trade in 2030 is expected to begin with a strong uptrend, focusing 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 progresses 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 is projected that Solana price may settle at approximately $580 to $610 after encountering resistance at the highs.
Will Solana Price Rise Again in 2024?
Markets are heading towards the end of the year which is expected to be highly volatility with a massive influx of volume. This may exhaust the sellers, paving the way for the bulls to push the SOL price higher. Therefore, Solana is expected to maintain a healthy upswing for the rest of the year.
