The shift in market sentiments has pushed Solana price above $150; it has been stuck there for a while. Technical and on-chain data suggest that the price is about to undergo a
massive bullish action and may eventually reclaim yearly highs above $200.
Solana Current Status: Solana price surged above $150, but despite multiple attempts, the price failed to climb above the resistance zone between $158 and $160. SOL price has seen excessive accumulation and hence a breakout seems imminent, supported by the positivity in the crypto market.
Market Performance: With the change in market dynamics, Solana price has surged by over 0.68% and is trading at $153.55 with an equal increase in market capitalization, which is around $73.22 billion. Moreover, the bullish sentiments have surged to 81% and hence the trading volume has also surged by 34.19%, which is around $3.47 billion. However, the market sentiments remain neutral as the Fear-Greed Index is stuck at 58.
Technical Analysis: SOL price has surged above the crucial resistance at the 200-day moving average, which is providing a strong base for the token. After a brief consolidation, the price is expected to start a strong rally of over 25% in the coming weeks, which could push the price beyond $220 before the end of the year.
December 2024: Solana Price Prediction
Cryptocurrency experts have carefully analyzed the price movement of SOL throughout 2024. For December 2024, their prediction is as follows: Solana will trade at its peak at around $190.79, with a possible drop to a low of $169.69. In December 2024, the average price will be $187.24.
Solana Price Prediction 2025
After analyzing the Solana price in previous years, it is assumed that in 2025, the minimum price of Solana will be around $306.26. The expected maximum price of SOL can be around $334.81. On average, the trading price can be $326.35 in 2025.
Solana Price Prediction 2030
Every year, cryptocurrency experts prepare predictions for the price of Solana. It is estimated that SOL will trade between $1,104 and $1,325 in 2030. Its average cost is expected to be around $1,136 during the year.
