cryptocurrency

Solana (SOL) Price Prediction 2022 – Will SOL reach $100 soon?

  • The bullish SOL price forecast is $37.62 to $82.70.
  • Sunshine (Sun) The price may also reach $100 soon.
  • The bearish SOL price prediction for 2022 is $26.67.

In Solana’s Price Prediction (SOL) 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 Queen GekkoSolana (SOL) price is $31.73 with a 24-hour trading volume of $398,503,168 at the time of writing. However, SOL has increased by approximately 1.2% in the past 24 hours.

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

What is Solana (SOL)?

The cryptocurrency, Solana (SOL), runs on an independent and scalable blockchain with faster transaction rates. The functionality of the blockchain 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 mass faster with accurate timestamps. Solana (SOL) was launched in March 2020.

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

This major blockchain network has been wiped out multiple times due to frequent outages right from the 17-hour outage in late 2021.

Solana (SOL) Price Forecast 2022

Solana (SOL) occupies the ninth position on CoinGecko at the moment. The SOL 2022 price forecast is explained below with a daily time frame.

SOL/USDT Falling Wedge Pattern (Source: TradingView)

Solana chart above (SOL) plotted the falling wedge, in a falling wedge pattern, the upper trend line connecting the highs and the lower trend line connecting the lows converge. A wedge pattern generally indicates a trend reversal. In particular, a falling wedge indicates a bullish reversal. This pattern indicates a breakout in the upward trend of the price.

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

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

Solana support and resistance levels (SOL)

The chart below shows Solana’s support and resistance levels (SOL).

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

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

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

The charts show that Solana (SOL) has been bullish for the past month. If this trend continues, SOL may continue along with the bulls breaking the resistance level at $82.70.

Accordingly, if investors turn against the cryptocurrency, the price of Solana (SOL) could drop to around $26.67, which is a bearish sign.

Solana (SOL) Price Forecast 2022 – RVOL, MA and RSI

The relative volume (RVOL) of Solana (SOL) is shown in the graph 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 is below the line, indicating weakness of participants in the current trend.

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

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

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

Solana (SOL) Price Forecast 2022 – ADX, RVI

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

SOL / USDT ADX, RVI (Source: TradingView)

The chart above represents the Solana (SOL) ADX indicator. Currently, the SOL ADX is in the range of 35.95, so it is indicating a strong trend.

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

Comparison of SOL with BTC and ETH

The chart below shows a 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 to BTC and ETH. This indicates that when the price of BTC and ETH goes up, the price of SOL goes up, and when the price of BTC and ETH goes down, the price of SOL goes down.

Solana (SOL) Price Forecast 2023

If a price action drop completely slows in momentum and the trend reverses, Solana (SOL) Maybe $150 by 2023.

Solana (SOL) Price Forecast 2024

With several network upgrades, Solana (SOL) may enter an upward trajectory. If the coin grabs the attention of major investors, SOL could rise to $200 by 2024.

Solana (SOL) Price Forecast 2025

If Solana (SOL) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next seven years, SOL will rise to $250.

Solana (SOL) Price Forecast 2026

If Solana (SOL) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, SOL will rise to $300.

Solana (SOL) Price Forecast 2027

If Solana (SOL) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, SOL will rise to $350.

Solana (SOL) Price Forecast 2028

Solana (SOL) maintains a strong position as a top investment option for the next six years amid the trends in the highly volatile cryptocurrency market. By paying significant price hikes, SOL will reach $400 in 2028.

Solana (SOL) Price Forecast 2029

If investors flock and continue to place their bets on Solana (SOL), this will see significant upsides. SOL could reach $450 by 2029.

Solana (SOL) Price Forecast 2030

With greater developments in the primary attention token platform, the crypto community may continue to invest in SOL over the next eight years and drive significant price hikes for the token. Thus, Solana (SOL) could reach $500 by 2030.

conclusion

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

Moreover, with developments and upgrades in the underlying attention token ecosystem, it will help SOL’s performance to reach an all-time high (ATH) of $259.96 soon. But, it could also hit $100 if investors think SOL is a good investment in 2022.

Instructions

1. What is Solana (Solana)?

Solana operates on a scalable blockchain that runs on a hybrid consensus model that integrates Proof of Stake (PoS) and Proof of History (PoH).

2. Where can you buy Solana (SOL)?

SOL is 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 constant developments and updates within the SOL platform, it is very likely that it will reach ATH soon.

4. What is the current highest level (ATH) for Solana (SOL)?

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

5. Is Solana a good investment in 2022?

Solana (SOL) appears to be one of the best cryptocurrencies this year. According to SOL’s recorded achievements in the past few months, SOL is a good investment in 2022.

6. Can Solana (SOL) be worth $100?

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

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

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

8. What will the price of SOL be by 2024?

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

9. What will be the price of SOL by 2025?

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

10. What will be the price of SOL by 2026?

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

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

Recommended for you:

#Solana #SOL #Price #Prediction #SOL #reach

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button