The change in market sentiments has elevated the Solana price above $150; it was stuck for a while. The technicals and the on-chain data suggest the price is about to undergo a massive bullish action and may eventually reclaim the yearly highs above $200.
Solana Current Status: Solana price surged over $150, but despite multiple attempts, the price has failed to rise above the resistance zone between $158 and $160. SOL price has experienced excessive accumulation, and hence a breakout seems to be imminent backed by crypto market positivity.
Market Performance: With the change in the market dynamics, the Solana price surged by over 0.68% and is trading at $ 153.55 with an equal rise in the market capitalization, which is around $73.22 billion. Besides, the bullish sentiments have risen 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: The SOL price has raised above the crucial resistance at 200-day Moving average, which is offering a strong base for the token. After a brief consolidation, the price is expected to kick-off a strong upswing of over 25% in the next few weeks, which could push the price beyond $220 before the end of the year.
December 2024: Solana Price Forecast
Cryptocurrency experts have carefully analyzed the range of SOL prices throughout 2024. For December 2024, their forecast is the following: the maximum trading value of Solana will be around $190.79, with a possibility of dropping to a minimum of $169.69. In December 2024, the average cost will be $187.24.
Solana Price Prediction 2025
After the analysis of the prices of Solana in previous years, it is assumed that in 2025, the minimum price of Solana will be around $306.26. The maximum expected SOL price may be around $334.81. On average, the trading price might be $326.35 in 2025.
Solana Price Prediction 2030
Every year, cryptocurrency experts prepare forecasts for the price of Solana. It is estimated that SOL will be traded between $1,104 and $1,325 in 2030. Its average cost is expected at around $1,136 during the year.
