Solana Price Prediction 2024

At the end of the year, Solana (SOL) has positioned itself as one of the year's biggest winners based on its recent performance, particularly in the last month, when its value increased by nearly 80%. Cryptocurrency traders and investors are considering SOL’s potential price range in the coming year. Although still below its all-time high of $246.67, the cryptocurrency has recently shown signs of recovery, allowing its price to surpass the $100 mark for the first time in 2023 and jumping to the fifth-largest cryptocurrency by market capitalization. 500% growth provides new SOL entry point SOL prices have increased significantly, with an impressive increase of over 500% in two months. In particular, there is a clear trend of rotation toward Ethereum (ETH) and other ecosystems, suggesting that Solana’s current momentum may be slowing.

In trading on longer time frames, there is significant interest in long-term entries in the $70-80 range. As cryptocurrency expert Michael van de Poppe highlighted in a Dec. 28 article on X, this strategic approach reflects careful consideration of price levels to build a lasting market position. Potential future SOL buying point. Source: Michael van de Pop If the asset falls further, the best entry point for traders looking for longer-term positions will be $60.