Solana Price Prediction: Crypto Market Rockets Toward All-Time Highs

• Solana was launched in the first quarter of 2020 and has seen impressive rallies in the cryptocurrency market.
• The price has dropped from its all-time highs and is currently trading around $20.
• Bears remain in control while the price stays below $40, so traders should wait for a bullish break above that level before establishing a long position.


Solana was launched in the first quarter of 2020 and has seen an impressive rally as part of the broader cryptocurrency market’s surge due to pandemic conditions and government stimulus measures. At its peak, it traded above $225, but it now trades around $20, well below its all-time highs.

Bearish Sentiment

Despite bouncing from its recent lows at the end of 2022 as part of the wider cryptocurrency market rally, bearish sentiment remains while Solana is trading under $40. A series of lower highs still stands which means bulls should wait for a bullish break above this level before entering into a long position.

Risk Control

Until then, there is risk that prices will test their lows again as bears keep pressuring the market downwards. Thus traders should be aware of this risk when deciding when to enter into positions with Solana.

All Time Highs

At its peak in November 2021, Solana’s performance against the US dollar had reached 18640.78%. Even at current levels, however, it is up over 1500% since launch – making it one of the most impressive performances on record since inception.


Overall, Solana’s performance has been remarkable despite its recent drop from highs and bearish bias remaining while prices remain below $40. Traders should therefore take care to assess risks carefully before entering any positions with this asset class as well as monitoring closely for any bullish breaks above $40 which would invalidate bearish sentiment and provide a good entry point for long positions