Solana (SOL) is currently the most performant cryptocurrency on the daily charts of the top 100 projects by market capitalization. According to Coingecko’s SOL data, the asset was 12.6% over the past 24 hours, 21.9% over the weekly chart, 9.8% over the 14-day chart, 18.1% over the previous month and 36.6% since August 2024.
When can Solana hit the $250 mark?
I’ve been riding Solana (Sol) for quite some time in the last few years. The price of the asset has fallen below $9 after the collapse of FTX in 2022. The latest peak for the asset was $293.31, a hit this January. Sol’s prices have fallen 32.3% since its peak in January.
Cincodex analysts don’t expect Solana (SOL) to hit the $250 mark anytime soon. The platform predicts Sol will meet over the next few weeks, but not in the $250 price range. Cincodex expects SoL to trade on October 25th at $223.39. At $223.39 from the current price level, you’ll need a meeting of nearly 13%.
Solana (Sol)’s latest gathering could be due to market-wide rebounds. The Crypto market began moving upward after the number of consumer price indexes (CPIs) fell below expectations. This development led to optimistic expectations for interest rate cuts in September 2025. Interest rate cuts could further drive Sol’s gatherings.
CPI numbers are very bullish in the crypto market, but they could also face another fix. September has historically been a bearish month for Bitcoin (BTC). Moreover, the global economy remains very weak. Trade wars and geopolitical tensions could present challenges to cryptocurrency markets. Sol’s prices can immerse themselves under such pressure.
