As Bitcoin rebounds from its biggest wick this month, Solana (SOL) and all other altcoins have bounced back with sharp price gains in the past two days. SOL price took the dip as low as $169 and quickly jumped back to $180 in hours.
On 13 January, Solana price dropped over 11% while coinciding with Bitcoin’s much volatile price action on the day. With this stiff drop, SOL broke its key support near $185 and pushed back below $170 on major crypto exchanges.
According to Coinmarketcap data, SOL is currently trading near $215 with gaining over 15% in the past 24 hours. The current price level marks 27% increase from its weekly low.
SOL Price to new ATH?
If the crypto market continues with its bullish sentiment, the current price rally is expected to lead Bitcoin, Solana and other leading crypto assets to a new high. Bitcoin price has now reclaimed $100,000 once again after hitting declining below $90,000 on 13th January.
The current all-time high for SOL price is $263.83 as per market data. This high was marked in November 2024 when Bitcoin first discovered the $90,000 price levels. As the pump continues, this could lead Bitcoin to a new all-time high and SOL will be following closely.
This could potentially lead SOL to a new high with it aiming to break above the $300 price mark. Such gains could only occur when a new wave of investors enters the market and fresh capital starts to spread within the industry. This speculation seems to come true sooner while looking at Trump’s upcoming administration suggests that crypto space could see mammoth growth this year.
Read: Solana’s Total Gas Fee Surpassed Ethereum’s in Last 7 Days
