Solana has suffered a steep price decline over the past couple of months. This asset had a high in January of 293,31 dollars. The price of SOL has dropped by almost 60% from its peak in January. SOL has fallen 4.8% daily, 14.1% weekly, 11.6% 14-day, 13.3% since the prior month and 37.8% from March 2024. This article will discuss SOL’s possible price.
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Cryptocurrencies Continue To Slump
From April, the US increased its tariffs on several trading partners. 2. It was President Trump who said it “Liberation Day” All Americans. This move could have a negative impact on the market. Cryptocurrencies are not happy with the move. Solana and other crypto assets have been trading in a red zone. Some market participants might be worried about the economic impact.
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SOL’s price is down significantly from January. The cryptocurrency market is currently facing significant resistance. Bitcoin (BTC), a cryptocurrency, reached $88,000 late in March. Since then it has dropped back to $83,000. It is possible that cryptocurrency prices will not change until BTC passes its current resistance.
Price Prediction: Can Solana Reclaim 150 by Mid-April?
CoinCodex predicts that Solana (SOL), could rise in the coming days. CoinCodex predicts Solana (SOL) to reach $135.65 in April. 15. SOL will see a 14.2% increase in price if the target of $135.65 is reached. CoinCodex doesn’t expect SOL to maintain its price above $130. Platform predicts that the price will drop to $122 in early May.
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Solana has recovered well from the dip it experienced in 2022. In November 2022, the value of this asset fell to less than $10. SOL’s price has risen to new highs over the past few months. Adoption rates are increasing, which is proof of the resilience and strength that this asset possesses. Future loss recovery for this asset appears realistic.
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Source: watcher.guru
