Solana (SOL) is experiencing a pointy worth dip amid a market-wide crash. In line with CoinGecko’s statistics, SOL’s worth has fallen by a whopping 11% within the final 24 hours, 22.5% within the final week, 15% within the 14-day charts, 33.7% over the earlier month, and three.3% since November 2024. SOL was one of many best-performing crypto property final 12 months, however the asset has misplaced of its 2024 features. Let’s talk about if SOL will fall beneath the $100 mark as soon as once more.
Will Solana’s Value Dip Under $100?
Solana (SOL) had an unimaginable begin to 2025. The asset climbed to an all-time excessive of $293.31 in January of this 12 months. SOL’s worth has fallen by 46.5% since its January peak. SOL additionally made a reputation for itself as being one of the crucial resilient cryptocurrencies available in the market. The asset’s worth fell to beneath $9 after the collapse of FTX in 2022. Since its 2022 lows, Solana (SOL) has hit a number of new all-time highs. Nonetheless, the latest market correction has led many to surprise if the sixth-largest crypto will dip beneath the $100 mark.
Solana (SOL) final traded beneath the $100 mark in early February 2024. The asset acquired near falling beneath $100 earlier this 12 months, in April. Nonetheless, SOL has maintained a considerable footing regardless of market swings. If issues proceed to go as they’re, Solana (SOL) might dip beneath the $100 mark as soon as once more.
Regardless of the present lackluster efficiency, CoinCodex analysts anticipate Solana (SOL) to rebound over the approaching weeks. The platform doesn’t anticipate SOL to dip beneath the $100 mark simply but. CoinCodex predicts Solana (SOL) will rise to $185.87 by the top of this 12 months. Hitting $185.87 from present worth ranges will entail a rally of about 16.33%.
