Solana: Will SOL Reclaim $200 in May 2025?
Solana (SOL) has made quite a recovery over the last few days. The asset’s price fell to sub-$100 levels during the recent market crash. SOL’s price has rallied 2.2% in the daily charts, 7.6% in the weekly charts, 14.4% in the 14-day charts, 19.7% in the monthly charts, and 5.3% since April 2024.
Also Read: Yuan Hits 7.30061 Against U.S. Dollar Today: What’s Driving the Shift in the FX Market?
Solana’s Resilience Unchallenged
Solana (SOL) has emerged as one of the most resilient cryptocurrency projects in the market. The asset’s price fell to below $10 after FTX’s collapse in 2022. Since its 2022 lows, SOL’s price has hit multiple new all-time highs. The asset hit its latest peak earlier this year on Jan. 19.
SOL’s latest rally comes amid a market-wide recovery. The crypto market faced a substantial price crash after President Trump’s tariff spree. The markets have significantly rallied after Trump’s 90-day tariff pause.
Also Read: Shiba Inu to Surge 124% by May 1st, 2025? SHIB Price Target Ready to Hit $0.00003
SOL’s rally also comes amid a new pro-Bitcoin head, Paul Atkins, being appointed to the SEC. Many anticipate Atkins to take a more relaxed approach to the crypto sector.
Can The Asset Reclaim $200 In May?
According to CoinCodex, Solana (SOL) will move in a sideways trajectory over the coming weeks. The platform anticipates the asset to face a correction by May end. CoinCodex predicts SOL will trade at $138.63 on May 24. SOL’s price will dip by 8.29% if it falls to $138.63.
Also Read: Grayscale Warns: $61M Lost as SEC Delays Ethereum ETF Staking!
There is also a possibility that SOL will rally and not face a correction. The Federal Reserve may announce an interest rate cut soon. A rate cut could lead to a surge in crypto investments. The move could lead to a continued rally for the asset.
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Топ-3 списка криптовалют: DOGE, SOL, XRP — каких движений нам следует ожидать на этой неделе?
Solana: Will SOL Reclaim $200 in May 2025?
Solana (SOL) has made quite a recovery over the last few days. The asset’s price fell to sub-$100 levels during the recent market crash. SOL’s price has rallied 2.2% in the daily charts, 7.6% in the weekly charts, 14.4% in the 14-day charts, 19.7% in the monthly charts, and 5.3% since April 2024.
Also Read: Yuan Hits 7.30061 Against U.S. Dollar Today: What’s Driving the Shift in the FX Market?
Solana’s Resilience Unchallenged
Solana (SOL) has emerged as one of the most resilient cryptocurrency projects in the market. The asset’s price fell to below $10 after FTX’s collapse in 2022. Since its 2022 lows, SOL’s price has hit multiple new all-time highs. The asset hit its latest peak earlier this year on Jan. 19.
SOL’s latest rally comes amid a market-wide recovery. The crypto market faced a substantial price crash after President Trump’s tariff spree. The markets have significantly rallied after Trump’s 90-day tariff pause.
Also Read: Shiba Inu to Surge 124% by May 1st, 2025? SHIB Price Target Ready to Hit $0.00003
SOL’s rally also comes amid a new pro-Bitcoin head, Paul Atkins, being appointed to the SEC. Many anticipate Atkins to take a more relaxed approach to the crypto sector.
Can The Asset Reclaim $200 In May?
According to CoinCodex, Solana (SOL) will move in a sideways trajectory over the coming weeks. The platform anticipates the asset to face a correction by May end. CoinCodex predicts SOL will trade at $138.63 on May 24. SOL’s price will dip by 8.29% if it falls to $138.63.
Also Read: Grayscale Warns: $61M Lost as SEC Delays Ethereum ETF Staking!
There is also a possibility that SOL will rally and not face a correction. The Federal Reserve may announce an interest rate cut soon. A rate cut could lead to a surge in crypto investments. The move could lead to a continued rally for the asset.
Read More