• Bullish SOL price prediction is $37.62 to $82.70.
  • Solana (SOL) price might also reach $100 soon.
  • Bearish SOL  price prediction for 2022 is $26.67.

In Solana (SOL) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about SOL to analyze the future movement of the cryptocurrency. 

Solana (SOL) Current Market Status

According to CoinGecko, the price of Solana (SOL) is $31.73 with a 24-hour trading volume of $398,503,168 at the time of writing. However, SOL has increased by nearly 1.2% in the last 24 hours.

Moreover, Solana (SOL) has a circulating supply of 349,839,388 SOL. Solana (SOL) trades in cryptocurrency exchanges such as Binance, FTX, Coinbase Exchange, FMFW.io and  KuCoin.

What is Solana (SOL)?

The crypto coin, Solana (SOL), runs on an independent and scalable blockchain with faster transaction rates. The blockchain’s functionality is based on a hybrid consensus model that combines proof-of-stake (PoS) and proof-of-history (PoH). This hybrid model enables Solana to validate its blocks faster with accurate time stamps. Solana (SOL) was launched in March 2020.

Solana Network aims to expand its functionalities by hosting several DApps in the DeFi and also revolutionize the NFT marketplace. Solana-based NFTs are gaining positive momentum and are more likely to be preferred over Ethereum NFTs.

This blockchain’s mainnet was doomed multiple times by frequent outages right from the 17-hour outage in late 2021. 

Solana (SOL) Price Prediction 2022

Solana (SOL) holds the 9th position on CoinGecko right now. SOL price prediction 2022 is explained below with a daily time frame.

SOL /USDT Falling Wedge Pattern (Source: Tradingview)

The above chart of Solana (SOL) laid out a Falling Wedge ,In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing. 

From the above chart, we can interpret that the momentum of the downtrend is slowing down.

Currently, Solana (SOL) is in the range of $31.84. If the pattern continues, the price of SOL  might reach the resistance levels of $36.45and $47.99. If the trend reverses, then the price of SOL may fall to $30.87.

Solana (SOL) Support and Resistance Levels

The chart below shows the support and resistance levels of Solana (SOL).

     SOL /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Solana (SOL).

Resistance Level 1 $37.62
Resistance Level 2 $42.78
Resistance Level 3  $58.60
Resistance Level 4 $82.70
Support Level     $26.67
SOL /USDT Support and Resistance Levels

The charts show that Solana (SOL)  has performed a bullish trend over the past month. If this trend continues, SOL might run along with the bulls overtaking its resistance level at $82.70.

Accordingly, if the investors turn against the crypto, the price of Solana (SOL)  might plummet to almost $26.67, a bearish signal.

Solana (SOL) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Solana (SOL) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of SOL lies below the line , indicating  weak participants in the current trend.

SOL /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Solana (SOL) is shown in the chart above. Notably,  the Solana (SOL) price lies below  50 MA (short-term), so it is in a downtrend. Currently, SOL has entered a bearish state. Therefore, there is a possibility of a reversal trend of SOL at any time.

Meanwhile, the relative strength index (RSI) of the SOL is 33.78. This means that Solana (SOL) is in an oversold  state. However, this means a major price reversal of SOL may occur in the upcoming days. So, traders need to trade carefully. 

Solana (SOL) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Solana (SOL). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

SOL /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Solana (SOL). Currently, the ADX of SOL lies in the range of 35.95 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Solana (SOL). RVI measures the constant deviation of price changes over a period of time. The RVI of SOL lies below  50, indicating low volatility. In fact, the RSI of Solana (SOL) is at 33.78 thus confirming a potential buy signal.

Comparison of SOL with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Solana (SOL).

BTC Vs ETH Vs SOL  Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price action of SOL is similar toBTC and ETH. This indicates that when the price of BTC and ETH  increases, the price of SOL increases.When the price of BTC and ETH decreases,the price of SOL decreases.

Solana (SOL) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Solana (SOL) might probably attain $150 by 2023.

Solana (SOL) Price Prediction 2024

With several upgrades in the network, Solana (SOL) might enter a bullish trajectory. If the coin grabs the attention of major investors, SOL might rally to hit $200 by 2024. 

Solana (SOL) Price Prediction 2025

If Solana (SOL) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, SOL would rally to hit $250.

Solana (SOL) Price Prediction 2026

If Solana (SOL) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, SOL would rally to hit $300.

Solana (SOL) Price Prediction 2027

If Solana (SOL) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, SOL would rally to hit $350. 

Solana (SOL) Price Prediction 2028

Solana (SOL) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, SOL would hit $400 in 2028.

Solana (SOL) Price Prediction 2029

If investors flock in and continue to place their bets on Solana (SOL), it would witness major spikes. SOL might hit $450 by 2029.

Solana (SOL) Price Prediction 2030

With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in SOL for the next 8 years and drive significant price rallies for the token. Hence, Solana (SOL) might hit $500 by 2030.

Conclusion

With continuous improvements in the Solana Network, we can say that 2022 is a good year for SOL. For this reason, the bullish price prediction of Solana (SOL) in 2022 is $82.70. On the other hand,  the bearish price prediction of Solana (SOL) price prediction for 2022 is $26.67.

Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of SOL would help to reach above its current all-time high (ATH) of $259.96 very soon. But, it might also reach $100 if the investors believe that SOL is a good investment in 2022.

FAQ

1. What is Solana (SOL)?

Solana runs on a scalable blockchain that runs with a hybrid consensus model that integrates proof-of-stake (PoS) and proof-of-history (PoH).

2. Where can you purchase Solana (SOL)?

SOL has been listed on many crypto exchanges such as Binance, FTX, Coinbase Exchange, FMFW.io and  KuCoin.

3. Will Solana (SOL) reach a new ATH soon?

With the ongoing developments and upgrades within the SOL platform, it is highly likely to reach its ATH soon.

4. What is the current all-time high (ATH) of Solana (SOL)?

On November 06, 2021, SOL reached its new all-time high (ATH) of $259.96.

5. Is Solana (SOL) a good investment in 2022?

Solana (SOL) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of SOL in the past few months, SOL is considered a good investment in 2022.

6. Can Solana (SOL) reach $100?

Solana (SOL) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Solana (SOL) will hit $100 soon.

7. What will be the Solana (SOL) price by 2023?

Solana (SOL) price is expected to reach $150 by 2023.

8. What will be the SOL price by 2024?

Solana (SOL) price is expected to reach $200 by 2024.

9. What will be the SOL price by 2025?

Solana (SOL) price is expected to reach $250 by 2025.

10. What will be the SOL price by 2026?

Solana (SOL) price is expected to reach $300 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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