- Solana (SOL) has recently faced a significant decline, following a broader market downtrend, but it has maintained strong yearly gains.
- Experts predict that SOL could reclaim its all-time high of $263 by April 2026, with a possible recovery in 2025 if the market turns bullish.
Solana (SOL) has been on a wild ride recently, and the big question everyone’s asking is: When will it bounce back to its all-time high of $263? After a significant correction, SOL has been struggling to maintain its momentum. However, experts believe it could soon be back on track to reach new heights.
Solana’s Recent Struggles
Over the past month, Solana has faced a substantial dip. The price of SOL has dropped by 12.2%, following the broader market downtrend, particularly after Bitcoin’s dip to below $94,000. In fact, SOL has lost 3.5% in just a single day and 7.9% on the weekly charts. However, it’s not all bad news for the popular blockchain network. Despite the recent slump, Solana has maintained a positive performance in the 14-day and yearly charts, rallying 0.8% and 88.2%, respectively.
Why the Decline?
The recent decline of Solana’s price is largely tied to the overall bearish market trend. Cryptocurrency has faced a challenging period over the past month, with two major market corrections. One of the key triggers was the rise in US inflation figures, which led to the Federal Reserve adopting a hawkish approach by cutting only two interest rates instead of the expected three. This economic stance pushed investors away from riskier assets, impacting coins like Solana. Additionally, stronger-than-expected jobs data in the US fueled fears of delayed interest rate cuts, further dampening market sentiment.
Can SOL Reclaim Its All-Time High?
On November 23, 2024, Solana reached its all-time high of $263.21. Since then, it has fallen by 27.5%, dipping below the $200 mark. However, Solana’s journey to recovery is nothing short of impressive. After the collapse of FTX in late 2022, SOL’s price had plummeted to below $10. But despite the setbacks, the asset has seen a strong recovery, gaining 88.2% in the past year alone.
According to experts from Changelly, there is hope for Solana to reclaim its $263 peak by April 2026. The platform anticipates SOL could trade at a potential maximum price of $264.56 at that time. However, some analysts suggest there may be a chance for a quicker recovery, potentially in 2025, especially if the crypto market sees a turnaround after President-elect Donald Trump’s inauguration in January.
Looking Ahead
Solana’s recent dip may be temporary, with experts predicting a long-term recovery. If the market turns bullish in the near future, there’s a strong possibility that Solana could rise again to its $263 peak, or even higher. However, investors should remain cautious, as the market can be volatile, and the road to recovery may be challenging.
Solana’s journey is far from over. While the market faces uncertainties, its impressive recovery since 2022 proves that it has the potential to reach new highs—whenever that may happen.
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