Solana (SOL) is experiencing a pointy worth drop amid a market-wide decline. Based on CoinGecko statistics, the worth of SOL has fallen by a whopping 11% within the final 24 hours, 22.5% within the final week, 15% on the 14-day charts, 33.7% from the earlier month, and three.3% since November 2024. SOL was one of many best-performing crypto belongings final yr, however the asset has misplaced its 2024 beneficial properties. Let’s analyze whether or not SOL will come again to fall beneath the $100 mark.
Will Solana worth drop beneath $100?
Solana (SOL) is off to an unbelievable begin to 2025. The asset rose to an all-time excessive of $293.31 in January of this yr. SOL worth has fallen 46.5% from its January excessive. SOL additionally made a reputation for itself for being one of the resilient cryptocurrencies available on the market. The asset’s worth fell beneath $9 after the FTX crash in 2022. Since its 2022 lows, Solana (SOL) has reached a number of new all-time highs. Nonetheless, the latest market correction has led many to surprise if the sixth-largest cryptocurrency will fall beneath the $100 mark.
Solana (SOL) final traded beneath $100 in early February 2024. The asset almost fell beneath $100 earlier this yr, in April. Nonetheless, SOL has maintained a considerable place regardless of market swings. If issues proceed as they’re, Solana (SOL) may fall again beneath the $100 mark.
Regardless of the present lackluster efficiency, CoinCodex analysts anticipate Solana (SOL) to rebound within the coming weeks. The platform doesn’t count on SOL to fall beneath the $100 mark but. CoinCodex predicts that Solana (SOL) will rise to $185.87 by the tip of this yr. Reaching $185.87 from present worth ranges will indicate a rally of round 16.33%.
