I have my own history with Solana. During a major dip, I accumulated it at an average price of around $12. Then it rose to almost $300, and I didn’t sell.
Almost 25x from my average purchase price. I managed to get in well. But taking advantage of the rise is a different challenge.
That’s why I’m interested in two things right now: where to buy and where to take profits, so I don’t end up only watching them in the app again.
What’s the price doing now?
As of October 23, SOL is trading at around $104: Kraken shows about $103.89. The price changes, so I’ll use $104 as a reference for the calculations below.
Below is an example plan for buying without leverage over a period of several months or longer. These are scenario ranges, not proven levels from which the price is guaranteed to bounce.
Where I’d consider buying 👇
🟢 $100–105 — a small initial entry.
Close to the current price. For those who want to start building a position but are prepared for further declines. I wouldn’t invest the entire amount here.
🟢 $90–95 — if there’s a more significant pullback.
About 9–13% below $104. More attractive in terms of price, but first I’d want to see the decline stop: the price is no longer being pushed to new lows, and buyers are holding the bounce.
🟢 $80–85 — a sharp correction scenario.
Around 18–23% below the reference price. Here, it’s especially important to figure out whether the whole market is falling or whether Solana itself has a problem. In the latter case, a low price alone isn’t a reason to buy more.
If SOL drops below $80 and keeps making new lows, this plan needs to be reconsidered. I wouldn’t keep averaging down indefinitely just because the price has become cheaper.
Where to take profits if the price rises?
For a hypothetical purchase around $104, I’d consider setting up this ladder in advance:
— $125–135: first partial profit-taking, approximately +20–30%.
— $150–170: the next portion, approximately +44–63%.
— $200–220: stronger upside, approximately +92–112%.
— $260–300: a more distant range that still needs to be reached.
These are selected profit-taking targets, not a promise that the market will steadily reach each one. The idea is to sell in portions rather than try to guess the one perfect top.
And the most bullish targets? 🚀
Based on an approximate price of $104:
$300 — about +188%
$400 — about +285%
$500 — about +381%
$1,000 — about +862%
$300–500 could be discussed as a very bullish scenario over several years, if the market is strong and the use of Solana and demand for SOL grow substantially.
$1,000 is an extreme optimistic scenario, and I wouldn’t build my main plan around it. For perspective: assuming 600 million coins in circulation, that price would imply a market cap of $600 billion. This is an illustration of scale, not a forecast of the number of coins.
What could support Solana?
According to the Solana Foundation, the first phase of Alpenglow, Votor, was activated on mainnet on October 21. The upgrade aims to reduce transaction finality time to around 150 milliseconds. The next part, Rotor, is planned for a later release, with no date announced.
For me, the investment thesis here is whether a more user-friendly network can attract more real-world use. But network speed doesn’t automatically translate into a higher token price. Competition, technical problems, and waning interest in crypto could derail even a promising scenario.
After my experience with $12 and almost $300, I’d pay more attention to when to exit. Buying a promising coin is only half the battle. You also need to know how to take profits.
At what price would you be ready to sell SOL: $150, $300, or would you wait for $500? 👇
