Is Solana on an upswing?
No, the price is below all 3 moving averages and is therefore in a downtrend.
The Solana Forecast for 2023
Let's take a deeper look at the one-year forecast since it is the most precise of the analysts' forecasts.
Analysts had a wide range of forecasts for the Solana price over the next year. The most optimistic predicted a 12-month price target of $170.10, implying an 87 percent raise, while the worst-case scenario would be $129.83.
The most recent average price target for the next year is $147.52, and it's the most crucial.
That equates to a potential gain of 2.57 percent.
SOL - Relative Strength Forecast
SOL - Trend Prediction
SOL - Price Volatility Prediction
SOL - Relative Strength
SOL - Momentum Forecast
What Does the Future Hold for Solana?
Solana's long-term prospects appear to be excellent. 5 analysts predicted that Solana would reach $155.20 by March 2025. The Solana price is expected to be $163.28 in five years, according to their five-year forecast through March 2027. By 2030, the long-term forecast is anticipated to be $176.19.