Solana (SOL) seems to be facing some resistance at the $140 price level. The popular crypto has registered a 1.3% rally in the daily charts, according to CoinGecko’s SOL data, but continues to trade in the red zone in the other time frames. SOL’s price has fallen 11.8% in the weekly charts, 11.2% in the 14-day charts, 27.8% over the previous month, and 43% since November 2024. Let’s discuss Solana’s (SOL) chances of hitting the $200 mark by the end of this year.
Can Solana Hit $200 By 2025 End?
Solana (SOL) had quite a bullish year in 2024. The asset even started 2025 with a bang, hitting an all-time high of $293.31 on Jan. 19. However, things have been downhill since January, albeit there were a few sporadic rallies.
Solana (SOL) is among the most resilient crypto projects. The asset’s price fell to below $9 after the collapse of FTX in 2022. However, the popular crypto has made quite a comeback, hitting multiple highs over the last three years. Despite a bullish few years, SOL’s price has taken a severe beating over the last month. The crypto market, in general, has faced some of its most significant liquidations in its history.
While the market seems to be stabilizing, it is unclear if we will experience a rally anytime soon. The diminishing chances of another interest rate cut in 2025 have led to a substantial rise in investor worry. Moreover, slow economic growth, rising inflation, and trade wars have led to market participants taking a risk-averse approach.
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CoinCodex analysts also do not expect Solana (SOL) to hit the $200 mark in 2025. The platform anticipates the asset to hit $156.88 on Dec. 31, 2025. Hitting $156.88 from current price levels will entail a rally of about 12.5%.
