Solana Price Prediction 2022: Market Analysis and Opinion
The leading blockchain for building scalable and user-friendly applications is making significant leaps designed for meandering industry giants – and that’s brilliant for our Solana price prediction. Scalability is a beautiful thing at Solana, and when crypto investors think about its stellar growth, the top bullet point has to be how the ecosystem is parlaying its success.
Table of Contents
- Solana Price Prediction | Introduction
- Solana Price Prediction: Technical Analysis
- Solana Price Prediction: Technical Conclusion
- Solana Price Prediction: Market Opinion
- Solana Price Forecast for May – June
- Solana Price for the Rest of the Year
- Solana Price Prediction for the Next Year
- Crypto Experts and Influencers
- Latest News and Happenings Concerning Solana
- Solana Price Prediction: Verdict
Strong business fundamentals are positioning Solana’s crypto price prediction for long-term success. While many tokens have taken a beating in early 2022, SOL has taken the bear markets pretty well. So it now presents a time to invest in a great business model at a discounted price. Here is the complete Solana price prediction for 2022:
Solana Price Prediction | Introduction
When making this Solana price prediction for 2022, SOL crypto was trading at $88.29, according to data on the coinstats.app. This crypto king commands a market cap of up to $39 billion, fully diluted to nearly $51 billion, increasing its share among the most valuable cryptocurrencies to own in 2022.
Solana is bringing the world to the blockchain. The vision of SOL crypto was ingrained in the belief that blockchain should be accessible to all without the technical requirements that have lifted the barrier to entry. In addition, it is a scaling platform that enables developers to leverage SOL to build scalable, user-friendly dApps.
The network combines the best-decentralized infrastructure into a full-fledged multi-chain system with low transaction fees without ever sacrificing security. As a result, Solana price prediction advocates are banking on fostering the growth of dApps by providing the infrastructure needed.
Solana Price Prediction: Technical Analysis
From the technical bench, SOL crypto seems to be having trouble breaking out of the bullish pattern, which is a good thing for investors profiting from Solana crypto price prediction. Here is a summary of recent price action that provides much-needed context for the more significant Solana price prediction for 2022:
|Month||Open Price||Closing Price||Month High|
|April 2022||$ 122.74||$ 94.01||$ 143.02|
|March 2022||$ 99.54||$ 122.66||$ 128.93|
|February 2022||$ 99.73||$ 99.52||$ 121.55|
|January 2022||$ 170.31||$ 99.74||$ 179.43|
|December 2021||$ 208.39||$ 170.30||$ 243.11|
|November 2021||$ 202.63||$ 208.67||$ 260.06|
|October 2021||$ 141.38||$ 202.42||$ 218.73|
|September 2021||$ 107.44||$ 141.07||$ 214.96|
Solana is tracing a popular and bullish pattern on the weekly time frame. A breakout from this setup could set the stage for bullish volatility for this dApps platform, which has been absent from the time SOL crypto mastered enough courage to threaten its all-time high in November 2021.
SOL crypto nosedived nearly 75% from the highs of 2021 at $260.20 and set a bottom around $74.83 in roughly six months. This slump comes as the entire market has suffered heavy losses in the slow downtrend of 2022. Unlike many altcoins, however, Solana has been unable to recover these losses.
The slow downtrend of SOL crypto has been interpreted as the validation of Solana price prediction, but bullish traders point to at least three distinctive lower highs and lower lows, which, when combined, chart a falling wedge. Such a technical formation forecast an uptrend in the marking.
The potential of testing $179.60 was obtained by adding the distance of the recent swing high and swing lows to the breaking point, roughly $116.37. Although SOL crypto has come close to breaking out, it has failed to do so – instead, it has headed lower and tagged the $74.83 to $84.13 demand zone.
Solana Price Prediction: Technical Conclusion
The Solana crypto price prediction will have investors take a leap of faith and accumulate SOL coins as it retests the aforementioned demand zone. The resulting bounce could see SOL kick-start a significant rally that could be the building blocks for a bullish Solana price prediction in 2022.
Despite the justified optimism, if the rest of the market continues to head lower, so will most altcoins, including SOL. If the SOL price produces a weekly candlestick close below $74.83, the bullish Solana price prediction will face invalidation, and such a close could potentially catalyze a crash to $41.36.
Solana Price Prediction: Market Opinion
Bulls are buying SOL crypto supported by the improving sentiments for Solana price prediction 2022. Apart from the movements of BTC, the appreciation of SOL crypto is currently limited to investor attitudes, which drives momentum. Here are some of the popular Solana price prediction outlooks of market influencers:
Solana Price Forecast for May – June
TradingBeasts Solana price prediction 2022 charts an eventful year for the coin that could see send SOL price to a new all-time high. On a shorter time frame, the Solana price forecast for May – June makes a case for an explosion if SOL can break $110.6 but retreat to $88.48.
Long Forecast exposes why investors are rushing to add SOL to their portfolios. The coin shows signs of opening the opportunity window to accumulate at a discount ranging from $84.7 to $60.8. This bearish detour will trigger a breakout for Solana’s price forecast for May – June.
Solana Price for the Rest of the Year
WalletInvestor Solana’s crypto price prediction is overly optimistic, suggesting SOL will gain enough pressure to challenge the strength of the resistance barrier to hit $218.95. However, SOL will reward patient holders if this prediction on Solana’s price for the rest of the year invokes a bullish ace.
DigitalCoin is betting on recovery for SOL price after the long squeeze, where the potential of a run-up is still in play, possibly hitting $121.68. The Solana price forecast for the rest of the year is looking to reward adopters with a retest of $121.68 for starting a buying spree around the demand zone.
Solana Price Prediction for the Next Year
PricePrediction Solana’s price prediction for the next year validates the thesis that SOL price will bounce off its safety net to rally to $210.79. However, pulling this off will require the crypto to tag $138.19 in 2022 to create a new demand zone around $171.52 to mobilize a new high next year.
Gov.Capital suggests the upcoming dip might be the only opportunity for sidelined buyers to accumulate SOL crypto before $367.90. SOL will recover above a significant resistance level to set up a Solana price prediction for the next year that eyes a challenge of $2600 in the next five years.
Crypto Experts and Influencers
CryptoNajih suggests SOL crypto will have nowhere else to go but up if BTC can pull one leg up against the market to set up a new all-time high. The Solana price prediction, in this case, will be somewhere north of $700. A Bitcoin-induced bull rally of this kind could be just what early adopters need to collect massive profits.
VoidedSOL Solana’s crypto price prediction hints at a strong recovery, maintaining the momentum to set up new price levels above $100. Patients who buy scoop SOL price at the current discount price could live to see their fortunes more than double under favorable market conditions.
Latest News and Happenings Concerning Solana
Solana Pay, the payment protocol built into the Solana ecosystem, is ushering in a new era of payments and business transactions that will pave the way for future digital transactions through the internet. This protocol offers packages both for merchants and developers, allowing easy integration into eCommerce.
The network is fast expanding its reach and applications as a bridge between the real world and digital finance. As developers join the network for its excellent benefits, Solana catches the eye of legacy investors, including Andreessen Horowitz and Polychain Capital, which led to a $315 million private token sale.
Related articles: Top Crypto Airdrops You Should Look Out for in May 2022
Solana Price Prediction: Verdict
From the onset, it appears like a bearish Solana price prediction is validated, given that SOL is trading at a beaten-down level, but there is a transformation plan in motion around a safety net price level. As a result, SOL crypto is a rare opportunity to buy one of the most promising tokens in the market.