Will SOL Price Hit $80 Before 2024? Solana Price Prediction

Key Takeaways

• Solana’s Remarkable Performance: SOL price has displayed an exceptional surge since October 2023, gaining over 240% and showcasing a resilient uptrend.
• Bullish Market Signals: Despite prior bearish trends, Solana price exhibits robust signs of broad-based recovery, mirroring the positive trend of the crypto market.
• Technical Indicators: Positioned near 18-month highs, SOL price has surpassed all Fibonacci pivot points, indicating an uncharted territory since May 2022, signaling a bullish market sentiment.
• Positive Price Predictions: SOL’s upward trajectory forecasts a potential surge toward $75 to $80 by the end of 2023, reflecting sustained growth.
• Future Market Outlook: The broader market recovery signals continued upward momentum for Solana price in 2024, potentially surpassing price projections ranging between $250 to $280, affirming long-term positivity in its trajectory.

---

Solana Overview as of November 29, 2023

Solana Price	$58.6
24 Price Change	+8.2%
7D Price Change	+7.8%
Market Cap	$24.8 billion
Circulating Supply	423.5 million SOL
Trading Volume (24-Hour)	$5.03 billion
ATH	$46.25
Fear-Greed Index	72 (Greed)
Sentiment	Bullish
Volatility	19.5%
Green Days	18/30 (60%)

Solana Technical Analysis

Bullish	96%
Bearish	4%

• Solana currently ranks among the top 10 cryptos by market cap, showcasing a remarkable performance since October 2023. From September 28 to the present, SOL price has surged by over 240% at its highs, with November alone witnessing a staggering 53% rally as of writing this article!
• After enduring the bear market’s impact in early 2022, SOL price displays robust signs of broad-based recovery, mirroring Bitcoin price trajectory.
• Like Bitcoin price action, Solana price sits close to an 18-month peak, hovering around $just shy of $60, surpassing all Fibonacci pivot point projections for November.
• SOL price current trading zone marks uncharted territory since May 2022, signaling a potential upside in the midst of the ongoing bear market trend.
• Solana price extends significantly above its 50-day and 200-day exponential moving averages, demonstrating a bullish golden crossover. This crossover is poised to bolster further bullish price movements in the foreseeable future.

Read More: Ethereum Price Prediction

SOL Price Prediction 2023-2030

Year	Minimum Price / Maximum Price
2023	$75 to $80
2024	$250 to $280

Solana Price Prediction November 2023

Solana price reversed its consolidated trend and remained elevated throughout October as the bulls began to utilize their accumulated strength. The bears tried hard to restrict the upswing, but the growing bullish dominance prevented their activity from intensifying. Hence, the price that began the monthly trade on a bullish note is believed to remain elevated for a long time. 

In the coming days, the buying pressure is believed to mount, which may squash the bearish momentum to a large extent.

With Solana price trading beyond the R3 of $50 and currently even above the $65 region – we could see a follow-on rally in the altcoin price as long as the broader crypto market optimism stays on.

Solana Price Prediction December 2023

The investors turn extremely optimistic as the rally heads toward the end of the year, attracting a significant amount of liquidity. Like the previous one, the SOL price may begin with a steep upswing, which can also be considered the beginning of a minor bull run. 

In the last few days of the month, the volatility is believed to spike with a fine rise in the buying volume. This could enable the price to soar above $70 from current levels. However, just before the end, the price may witness a small pullback but may close the yearly trade between $72 and $80.

Solana Price Prediction 2024

• The year is expected to start favorably for the bulls, preventing the bears from making small profits, as happened in 2023.
• As a result, Solana price is anticipated to rise swiftly, surpassing the initial obstacle at around $75 
• There might be a minor price adjustment before reaching a new yearly peak above $100. However, this setback will unlikely hinder the price from moving towards higher goals, indicating the potential for a significant increase.
• The price surge could intensify in the year’s second half, starting a strong bullish run that may lift the price beyond $150.
• As the trade approaches the year-end, the SOL price may reach a new all-time high above $250, ranging between $280 and $300.

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 2023?

Solana price can be expected to continue its upward trend till the end of 2023 and even spill over into 2024. 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. 

FAQs