Key Takeaways
- Solana reclaims its price above $220, as bulls could rally it to a region of $265 before the year ends.
- Despite suffering a recent price decline, Solana’s price action for the year attracts many investors heading into 2025.
- The higher timeframe for Solana’s price suggests nothing to worry about, as Solana bulls control the price.
| Token Name | Solana (SOL) |
| Current Price | $226 |
| Market Capitalization | $108.4B |
| Total Circulating Supply | 479.1M SOL |
| Daily Support | $210 |
| Weekly Support | $210 |
| 30 Days Performance | -3.4% |
Solana (SOL) has had a remarkable price rally in 2024, rallying from a low of $20 to a high of $260, creating a new all-time high as investors and crypto experts speculate more upside momentum for Solana.
This bullish price action demonstrated by Solana led to speculation that this crypto token, with its unique use case and ever-growing ecosystem, would rally to a high of $400, but this could prove difficult, considering the price of Solana is facing quite a tough time breaking above $300.
Despite the price not looking likely to rally above $400 before the end of 2024, there are high hopes of Solana performing exceedingly well in the coming bull market and 2025, as the price could rally to a high of $500 if not more.
With the current price action demonstrated by Solana price, what are the price expectations for SOL for Today, tomorrow, next week, and 2025?
Solana Price Prediction For Today, Tomorrow, Next Week, And 2025
Source – Solana Price Chart From TradingView
Like other crypto assets influenced by demand and supply, Solana suffered many sell orders around its all-time high of $265. Following huge sell orders and the crypto market’s decline due to the Bitcoin dump, Solana’s price dropped to around $205. After this incident, Solana’s price bounced to $210.
Around this region, the price of SOL formed a bullish flag as it broke out of its channel and could move minorly to a high of $265 or more in the coming days.
The price of SOL struggled to reclaim its price above the 50-day and 200-day EMAs (Exponential Moving averages) as bulls would be looking to resume its price rally but for a short time as the year ends.
The overall outlook for Solana on the higher timeframe such as daily and weekly remains promising ahead of the new year 2025 as bulls would be looking to push the price higher to around $500 based on crypto-expected speculations and likely approval of Solana ETF.
Is Solana Coin Worth Buying?
Solana’s use case lies in providing a robust platform for projects to thrive, such as decentralized applications (dApps), decentralized finance (DeFi), NFT, and most of all, memecoins, as it is scalable and transaction fees are very low, leading to much demand on its chain as the price of Solana continues to appreciate.
With the bull market becoming full-fledged in 2025, the price of Solana could reach new highs as its ecosystem continues to grow.
