Solana (SOL) is experiencing a sharp price dip amid a market-wide crash. According to CoinGecko’s statistics, SOL’s price has fallen by a whopping 11% in the last 24 hours, 22.5% in the last week, 15% in the 14-day charts, 33.7% over the previous month, and 3.3% since November 2024. SOL was one of the best-performing crypto assets last year, but the asset has lost of its 2024 gains. Let’s discuss if SOL will fall below the $100 mark once again.
Will Solana’s Price Dip Below $100?
Solana (SOL) had an incredible start to 2025. The asset climbed to an all-time high of $293.31 in January of this year. SOL’s price has fallen by 46.5% since its January peak. SOL also made a name for itself as being one of the most resilient cryptocurrencies in the market. The asset’s price fell to below $9 after the collapse of FTX in 2022. Since its 2022 lows, Solana (SOL) has hit multiple new all-time highs. However, the recent market correction has led many to wonder if the sixth-largest crypto will dip below the $100 mark.
Solana (SOL) last traded below the $100 mark in early February 2024. The asset got close to falling below $100 earlier this year, in April. However, SOL has maintained a substantial footing despite market swings. If things continue to go as they are, Solana (SOL) could dip below the $100 mark once again.
Also Read: Solana (SOL) November Price Prediction: Best Altcoin to Buy?
Despite the current lackluster performance, CoinCodex analysts anticipate Solana (SOL) to rebound over the coming weeks. The platform does not expect SOL to dip below the $100 mark just yet. CoinCodex predicts Solana (SOL) will rise to $185.87 by the end of this year. Hitting $185.87 from current price levels will entail a rally of about 16.33%.
