Predictions for July 2024 place Solana (SOL) — the fifth-ranking crypto coin in the entire cryptocurrency ecosystem — at a potential high of $164.02, while the more conservative estimates hover around $141.20, per Changelly SOL prediction. Fast forward to 2025, and the numbers get even more interesting, with a potential ATH of $298, while the floor price might sit at $230.47.
SOLUSDT Analysis (Source: Tradingview)
Solana’s Past Performance
Solana’s journey began in 2017, and it officially launched in 2020 with an initial price of $0.9511. Despite network outages, SOL hit an all-time high (ATH) of $260.06 in 2021 during the broader bull market. However, 2022 brought challenges, including outages, market conditions, and the collapse of FTX and Alameda Research—entities closely tied to Solana.
But then came the miraculous comeback in 2023. SOL surged from under $10 to finish the year at $109.55, an impressive 997% gain.
SOL’s Price in July 2024
As of July 2024, SOL is expected to trade at a maximum price of $164.02, while the minimum price may hover around $141.22, Coinfomania reported. This prediction is based on the current market sentiment and the coin’s recent performance. In the short term — from a technical standpoint — Solana’s price has been flirting with the 50-day Simple Moving Average (SMA), a sign that bullish sentiment is in the air. If the momentum holds, we could see Solana break past the 200-day SMA resistance at $152, signaling a long-term bullish rally.
Chart showing Support/Resistance Levels. Source: Techreport
At the time of writing, the SOL price has shown remarkable recovery over the past 24 hours after a bullish comeback sparked by significant market enthusiasm for the first Solana ETF filing by 21Shares and VanEck, with US major stock exchange, Cboe submitting the necessary 19b-4 filings for these spot Solana ETFs on their behalf.
JUST IN: @vaneck_us files for Solana spot ETF with @CBOE exchange. pic.twitter.com/JgLbvHapbm
— SolanaFloor (@SolanaFloor) July 8, 2024
The SOL price is currently hovering above $137, with more gains anticipated as investor sentiment continues to improve. According to CoinMarketCap data, Solana’s current market cap is $63.8 billion.
Source: CoinMarketCap
Lastly, for the year 2024, in general, our conservative estimate places Solana at $210.35, while the average price could reach $211.64. The bullish scenario sees SOL hitting $212.86.
Will SOL Hit $300 ATH in 2025 or Beyond?
Looking ahead to 2025, the Solana price is expected to reach a potential ATH of $298. This prediction is based on the coin’s strong market presence and the upcoming network upgrades. Billionaire venture capitalist Tim Draper even predicts $368.64 by early 2025. Another forecast suggests a high of $303.20 and a minimum of around $143.86. DigitalCoinPrice’s model projects a range between $308.13 and $368.64, with a likely steady price of $332.58.
Solana’s Total Value Locked (TVL) has reached a remarkable $4.47 billion (DeFiLlama), signaling robust growth and increased investor confidence.
Moreover, Solana has reported significant activity, with over 842 million active addresses engaging on the network within the same timeframe. According to Token Terminal, the platform’s utility is also evident from its generated revenue of $324.92 million and fees amounting to $1 million in the last 24 hours.
SOL in 2026-2034
The road ahead looks promising. Solana could touch $375.60 by 2026 and eventually hit $380 by 2029. The long-term trajectory remains bullish, with prices ranging from $195.17 to $212.86.
Top Movers in 24h
In broader market news, major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, have recorded increases of 4%, 3%, and 12%, respectively, in the past 24 hours. This resurgence has also sparked interest in the Solana-based meme coin, Dogwifhat, which has soared by over 23% during the same timeframe.
With the current market recovery gaining strength, forecasts suggest Solana’s price prediction could surpass the key resistance level at $136. This breach might signal an upswing in bullish behavior, setting sights on a $150 target. Solana may challenge the important $180 resistance mark if the upward trend holds.Disclaimer: These predictions are based on historical trends and market sentiment. Always DYOR before making investment decisions.
The post Solana (SOL) Price Predictions in July 2024, 2025, and 2026-2034: Will SOL Hit $300 ATH Sooner Than Later? appeared first on Coinfomania.