Solana eyes $808 in 2032 with short-term weakness lingering

Short-term technical pressure dominates analysis

According to the analysis, the prevailing market trend for Solana remains bearish. The 50-day simple moving average stands at $86.42, while the 200-day average is at $104.85. The short-term price target was set at $54, with the Fear and Greed Index showing ‘fear’ with a score of 28. Fourteen out of the last 30 days closed in the green and the 14-day RSI of 40.44 placed the market in a neutral state.

Daily charts show SOL finding support at the $61 level before bouncing back toward $65. The wider Bollinger Bands reflect heightened volatility, with the upper band at $95.02 and the middle band at $63.05. An RSI reading of 24.03 signals that the asset remains in an oversold zone, indicating potential for further turbulence.

During the day, SOL plummeted from $82 to $61, and while it rebounded to $65, continued selling could see levels below $60 tested once again, the analysis noted.

The four-hour chart identified resistance above $70 and pointed to steep selling activity over the past week. The lower Bollinger Band at $60.12 offered support, while the upper band at $69.49 marked resistance. With the RSI at 38.13, the prospect for a limited near-term recovery exists, yet the overall selling pressure persists.

Long-term forecasts through 2032

For June 2026, SOL was forecast to range between $57.32 and $93.65, with an average around $85.99. On a full-year basis for 2026, expectations include a low of $55.65, an average of $139.73, and a high of $217.03. These numbers highlight broad expectations for significant upside over the coming years.

Looking even further ahead, the report predicted a high of $255.68 for 2027, $386.73 for 2028, $500.93 in 2030, and $582.89 in 2031. For 2032, the average price could reach $580.21, with a potential maximum of $808.45, underlining forecast optimism for the coming decade.

Institutional drivers and ecosystem strengths highlighted

The analysis underscored Solana’s low transaction fees and scalable structure among key factors supporting its long-term outlook. Solana has established its presence as a leading layer-1 blockchain, especially in decentralized finance and Web3 sectors.

Mini glossary: TVL, or total value locked, represents the total assets deposited in decentralized finance applications on a blockchain. This metric is widely used to assess both network activity and liquidity.

Notable recent developments include SoFi becoming the first nationally licensed US bank to launch a stablecoin, a move shared via the Solana Payments platform.

The report emphasized that while Solana occasionally faces congestion and competitive pressures, its ecosystem has shown resilience and adaptability, allowing it to retain a strong position in DeFi and Web3 fields.