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- 1 SOL coin broke a major resistance level to continue its downtrend.
- 2 The coin has experienced a bullish trend since the start of January 2023.
- 3 Solana can be compared to Ethereum because of its potential to create new frameworks.
Solana (SOL) was introduced in 2017 as a platform for blockchain development, offering the ability to create and implement custom blockchain-based applications. With its capabilities, Solana can be compared to Ethereum as it can potentially create a completely new ecosystem within its blockchain framework.
At press time, the SOL coin price is in a slight uptrend from the past 52 weeks. The coin is trading at $38.77 after breaking a major resistance level of $30.7, which is now its support. From here, the next resistance level is situated at $48.59. If the current trend continues, then bulls can break past this level in 2023.
SOL Price Prediction 2024-2027
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) | Growth in % | Volatility change |
| 2024 | 17.7 | 47.39 | 77.08 | 98.56% | 435% |
| 2025 | 67.07 | 86.61 | 106.15 | 37.71% | 158% |
| 2026 | 112.67 | 125.40 | 138.12 | 30.12% | 123% |
| 2027 | 162.41 | 183.12 | 203.83 | 47.57% | 126% |
SOL Price Prediction 2024
After conducting a thorough analysis of the weekly chart patterns, it seems that there are optimistic signs that the SOL coin has the potential to reach a new 52-week high by 2025. This year, due to a trend reversal, investors can expect increased volatility of up to 435%. The potential high for this year is $77.08 while the lowest point is predicted to be $17.7.
SOL Price Prediction 2025
By 2025, many experts predict that the SOL coin will surpass its current all-time high. The projected maximum price for the SOL coin in 2025 is $106, with an expected average price of $86.6, the bears can also push the price as low as $67.07.
SOL Price Prediction 2026
In 2026 Solana can become one of the top coins in terms of market capitalization. 2026 is expected to bring the least year-on-year growth when compared to this forecast period. The potential high for SOL coin could reach $138 while the average price could be $125.
SOL Price Prediction 2027
Solana is backed by innovative technology and fundamentals which could propel it to new heights by 2027. With a worldwide acceptance of blockchain and decentralization in 2027, SOL coin can show a growth of 47.57% from its previous year’s high to a level of $203.8.
Conclusion
Despite the volatility of the SOL coin in 2021, the coin seems to be back on track in 2023. As more people start using digital currency, the demand for cryptocurrencies is expected to increase as per the promising price prediction. This can lead to the SOL coin surpassing $100 by 2027.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
