Solana (SOL) has experienced a sharp drop in price amidst the overall market crash. According to CoinGecko statistics, SOL price has fallen significantly by 11% in the past 24 hours, 22.5% in the last week, 15% on the 14-day chart, 33.7% month-on-month, and 3.3% since November 2024. SOL was one of the best-performing crypto assets last year, but the asset lost its gains in 2024. Let’s discuss whether SOL will fall below $100 again.
Will Solana’s price drop below $100?
Solana (SOL) is off to a great start in 2025. The asset rose to an all-time high of $293.31 in January of this year. SOL’s price has fallen 46.5% from its January high. SOL is also known as one of the most resilient cryptocurrencies on the market. After the FTX collapse in 2022, the asset’s price fell below $9. Since its 2022 low, Solana (SOL) has hit multiple all-time highs. However, the recent market correction has many wondering if the sixth-ranked cryptocurrency will fall below the $100 mark.
The last time Solana (SOL) fell below $100 was in early February 2024. The asset nearly dipped below $100 in April earlier this year. However, SOL has maintained substantial foothold despite market fluctuations. If this trend continues, Solana (SOL) could fall below $100 again.
Despite the lackluster current performance, CoinCodex analysts expect Solana (SOL) to recover in the coming weeks. The platform does not expect SOL to fall below $100 just yet. CoinCodex predicts Solana (SOL) to rise to $185.87 by the end of this year. It would require an increase of approximately 16.33% from the current price level to reach $185.87.
(Tag translation) Solana
