Tuesday, July 22, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

When Will SOL Reclaim Its $263 Peak?

Simon Osuji by Simon Osuji
January 9, 2025
in Business
0
When Will SOL Reclaim Its $263 Peak?
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Solana (SOL) has faced a significant correction over the last few days. The asset follows the market downtrend, following Bitcoin’s (BTC) dip to sub-$94,000 levels. SOL’s price has fallen 3.5% in the daily charts, 7.9% in the weekly charts, and 12.2% over the previous month. Despite the dip, SOL has maintained some gains in the 14-day and yearly charts, rallying 0.8% and 88.2%, respectively.

Solana price chartSolana price chart
Source: CoinGecko

Also Read: Ripple’s RLUSD Gears Up for Exchange Listings – What It Means for Crypto’s Future

Why Is Solana Falling?

solana candlestickssolana candlesticks
Source: CoinCodex

SOL’s latest correction follows the general bearish market trend. The cryptocurrency market has faced two substantial corrections over the last month. In December 2024, the market dipped following the rise in US inflation figures to 2.7%. The Federal Reserve took a hawkish stance to combat rising CPI numbers. The central bank announced only two interest rate cuts instead of three.

Solana’s (SOL) latest price correction comes after better-than-expected jobs data in the US. The development has pushed any hopes for an early interest rate cut this year. Both developments may have spooked investors away 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) hit an all-time high of $263.21 on Nov. 23, 2024. The asset has since fallen by 27.5%. After the recent market dip, SOL has dipped below the $200 mark. Despite the correction, SOL has displayed incredible performance over the last few years. The asset fell to below $10 in November 2022 after the collapse of FTX. SOL has made quite a recovery since its 2022 lows.

According to Changelly, SOL could reclaim its $263 peak in April 2026. The platform anticipates the asset to trade at a potential maximum price of $264.56 in April 2026.

SOL price predictionSOL price prediction
Source: Changelly

Also Read: Ripple (XRP) Weekend Price Prediction

There is a possibility that SOL will hit $263 in 2025. If the crypto market turns around after President-elect Donald Trump’s inauguration on Jan. 20, 2025, we may witness another market-wide rally.

Source link

Related posts

Top 10 African countries with the lowest fuel prices in July 2025

Top 10 African countries with the lowest fuel prices in July 2025

July 22, 2025
U.S. firm with ex-military ties plots entry into Africa’s top copper-producing nation

U.S. firm with ex-military ties plots entry into Africa’s top copper-producing nation

July 22, 2025
Previous Post

Nigerian Breweries and universities receive permits for electricity generation

Next Post

5 questions facing pharma in 2025

Next Post
5 questions facing pharma in 2025

5 questions facing pharma in 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Google looks to AI to help save the coral reefs

Google looks to AI to help save the coral reefs

1 year ago
2.5 Million Tonnes Per Annum (MTPA) in Gas Output Feasible for Namibia, Says the National Petroleum Corporation of Namibia (NAMCOR)

2.5 Million Tonnes Per Annum (MTPA) in Gas Output Feasible for Namibia, Says the National Petroleum Corporation of Namibia (NAMCOR)

3 months ago
SANDF soldiers curb contraband pipelines

SANDF soldiers curb contraband pipelines

1 year ago
‘FID rates point to further net zero delays’ says EIC

‘FID rates point to further net zero delays’ says EIC

1 year ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Tanzania’s natural gas sector goes global with Dubai deal

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.