Solana (SOL) has skilled a pointy drop in value amidst the general market crash. In response to CoinGecko statistics, SOL value has fallen considerably by 11% up to now 24 hours, 22.5% within the final week, 15% on the 14-day chart, 33.7% month-on-month, and three.3% since November 2024. SOL was one of many best-performing crypto belongings final yr, however the asset misplaced its 2024 good points. Let’s focus on whether or not SOL will fall beneath $100 once more.
Will Solana’s value drop beneath $100?
Solana (SOL) is off to an important begin in 2025. The asset rose to an all-time excessive of $293.31 in January of this yr. SOL’s value has fallen 46.5% from its January excessive. SOL is also referred to as some of the resilient cryptocurrencies available on the market. After the FTX collapse in 2022, the asset’s value fell beneath $9. Since its 2022 low, Solana (SOL) has hit a number of all-time highs. Nevertheless, the latest market correction has many questioning if the sixth-ranked cryptocurrency will fall beneath the $100 mark.
The final time Solana (SOL) fell beneath $100 was in early February 2024. The asset practically dipped beneath $100 in April earlier this yr. Nevertheless, SOL has maintained substantial foothold regardless of market fluctuations. If this development continues, Solana (SOL) might fall beneath $100 once more.
Regardless of the lackluster present efficiency, CoinCodex analysts anticipate Solana (SOL) to get well within the coming weeks. The platform doesn’t anticipate SOL to fall beneath $100 simply but. CoinCodex predicts Solana (SOL) to rise to $185.87 by the top of this yr. It might require a rise of roughly 16.33% from the present value degree to succeed in $185.87.
