Solana: When Will SOL Reclaim Its $263 Peak?

Solana (SOL) has faced a important correction implicit the past fewer days. The plus follows the marketplace downtrend, pursuing Bitcoin’s (BTC) dip to sub-$94,000 levels. SOL’s terms has fallen 3.5% successful the regular charts, 7.9% successful the play charts, and 12.2% implicit the erstwhile month. Despite the dip, SOL has maintained immoderate gains successful the 14-day and yearly charts, rallying 0.8% and 88.2%, respectively.

Source: CoinGecko

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Why Is Solana Falling?

Source: CoinCodex

SOL’s latest correction follows the wide bearish marketplace trend. The cryptocurrency marketplace has faced 2 important corrections implicit the past month. In December 2024, the marketplace dipped pursuing the emergence successful US ostentation figures to 2.7%. The Federal Reserve took a hawkish stance to combat rising CPI numbers. The cardinal slope announced lone 2 involvement complaint cuts alternatively of three.

Solana’s (SOL) latest terms correction comes aft better-than-expected jobs information successful the US. The improvement has pushed immoderate hopes for an aboriginal involvement complaint chopped this year. Both developments whitethorn person spooked investors distant from risky assets.

Also Read: Tron (TRX) Price Could Skyrocket to $2.2, Top Analyst Predicts

When Will The Asset Reclaim Its $263 Peak?

Solana (SOL) deed an all-time precocious of $263.21 connected Nov. 23, 2024. The plus has since fallen by 27.5%. After the caller marketplace dip, SOL has dipped beneath the $200 mark. Despite the correction, SOL has displayed unthinkable show implicit the past fewer years. The plus fell to beneath $10 successful November 2022 aft the illness of FTX. SOL has made rather a betterment since its 2022 lows.

According to Changelly, SOL could reclaim its $263 highest successful April 2026. The level anticipates the plus to commercialized astatine a imaginable maximum terms of $264.56 successful April 2026.

Source: Changelly

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There is simply a anticipation that SOL volition deed $263 successful 2025. If the crypto marketplace turns astir aft President-elect Donald Trump’s inauguration connected Jan. 20, 2025, we whitethorn witnesser different market-wide rally.