Solana (SOL) appears to be facing some resistance at the $140 price level. According to CoinGecko’s SOL data, the popular cryptocurrency posted a 1.3% gain on the daily chart, but continues to trade in the red zone in other time frames. SOL price has fallen 11.8% on weekly chart, 11.2% on 14-day chart, 27.8% month-on-month, and 43% since November 2024. Let’s discuss the chances of Solana (SOL) reaching the $200 mark by the end of this year.
Can Solana reach $200 by the end of 2025?
Solana (SOL) had a very bullish year in 2024. The asset started 2025 on a strong note, hitting an all-time high of $293.31 on January 19th. However, despite some sporadic increases, it has been downhill since January.
Solana (SOL) is one of the most resilient crypto projects. After the FTX collapse in 2022, the asset’s price fell below $9. However, the popular cryptocurrency has made quite a comeback, hitting multiple highs over the past three years. Despite being bullish over the past few years, SOL’s price has fallen significantly over the past month. The cryptocurrency market in general has faced some of the most significant liquidations in its history.
Although the market appears to be stabilizing, it is unclear whether a rally will occur in the near term. The diminishing likelihood of further interest rate cuts in 2025 has significantly increased investor anxiety. Additionally, slowing economic growth, rising inflation, and trade wars have led market participants to take a risk-averse approach.
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CoinCodex analysts also do not expect Solana (SOL) to reach the $200 level in 2025. The platform expects the asset to reach $156.88 on December 31, 2025. It would require an increase of approximately 12.5% from current price levels to reach $156.88.
