Solana (SOL) has been one of the rising stars in the crypto universe in the last 9 months. Since we flashed a strong buy alert in our premium crypto research service, back in August, around $25, SOL went up nearly 8-fold.
The big question on everyone’s mind is whether Solana’s price will rise or fall in the coming months.
With the aid of the most recent Solana (SOL) forecasts, including but not only InvestingHaven’s expert analysis, we look at the expected price movements of SOL for 2024 and how they set the stage for 2025.
We conclude that SOL may face turmoil this summer, but very similar to last summer it might provide an epic and strategic buying opportunity… only for investors who will be brave to buy when crypto markets will feel very uncertain.
Solana’s expected price trend in 2024
According to industry analysts, 2024 is poised to be a year of significant fluctuations for Solana. The token is predicted to see a minimum price of $86.25, with resistance peaking at a robust $183.94. The average price throughout the year is expected to hover around $115.03.
Currently priced at $142, SOL’s market position is slightly above the average forecast, suggesting a possible correction as the year progresses.
This summer, market dynamics hint at a downward adjustment towards the predicted minimum. This anticipated dip could be driven by a range of factors, including market corrections, investor sentiment, and broader economic conditions impacting the cryptocurrency space.
However, this adjustment should not alarm long-term investors; instead, it presents a “Buy the Dip” opportunity, especially considering the more extended outlook for 2025.
Looking ahead – SOL in 2025
The forecast for 2025 offers a promising outlook for those who take advantage of the lower prices in 2024.
Analysts are expecting Solana to stabilize with a minimum price again at $86.25, but with a maximum reaching as high as $183.94. The average price for SOL in 2025 is set to increase to $128.25. This suggests that any dip in 2024 could be a strategic entry point, providing investors a significant upside as the token rebounds and aims for higher resistance levels.
Much more bullish is InvestingHaven’s analyst team. SOL bullish price targets of the forecasters at InvestingHaven exceed former ATH. Going into 2026, Solana may be approaching the longstanding bullish target of $1,000. This bullish long term target is based on the expectation that the long term SOL chart setup will morph into a giant cup-and-handle formation. This will be true is the green rising trendline on the weekly chart will be respected in 2024 & 2025. The subsequent bull market may be very strong in the period 2025-2026.
Source – TradingView
Strategic buying in 2025
For investors, the key takeaway is identifying the dip in 2024 as an optimal buying moment.
Purchasing SOL at or near the forecasted minimum of $86.25 could yield considerable returns as the market gears up towards the higher end of the price spectrum in 2025. This strategy aligns with the classic investment mantra of “buy low, sell high,” particularly applicable to volatile markets like cryptocurrencies.
Conclusion
While Solana may experience some price volatility this summer, the broader outlook remains bullish, particularly as we move into 2025.
Investors should monitor the market closely, ready to act if and when capitulation will be complete late summer or during the fall of 2024. By doing so, they can position themselves advantageously for the expected upward trend in 2025. In essence, if Solana dips this summer, consider it a golden opportunity to “Buy the Dip” in anticipation of future gains.
Dips must align with predicted support levels is the pre-requisite to qualify as a buy the dip opportunity.
