The cryptocurrency market seems to be making a resurgence after its recent dip. Solana (SOL) has seen a substantial price spike over the last few days. According to CoinGecko data, SOL’s price has risen by 3.2% in the last 24 hours, 9.6% in the last week, 18.6% in the 14-day charts, and 35% over the previous month. The asset’s price has also rallied by 86.8% since September 2025. Let’s discuss if Solana (SOL) will hit a new all-time high soon.

Will Solana Climb To a New All-Time High Soon?

Solana (SOL) is among the most resilient cryptocurrencies in the market. The asset’s price plummeted to below $9 after the collapse of FTX in 2022. Since its 2022 lows, SOL has made quite a remarkable comeback. The 6th-largest crypto project by market cap has hit multiple all-time highs over the last year. SOL hit its most recent peak of $293.31 in January of this year. With the current market upswing, it could be that Solana (SOL) is attempting to hit a new all-time high. SOL is currently down by 16.5% from its all-time high.

The latest market rally is likely due to the Federal Reserve finally announcing an interest rate cut. The Federal Reserve announced a 25-basis-point interest rate cut after the recent Federal Open Market Committee (FOMC) meeting. Rate cuts often lead to investors taking on more risks. Solana (SOL) and the larger crypto market could benefit from the rate dip.

Also Read: Solana Gets a Price Target of $380 & $460 as It Forms Bullish Triangle

CoinCodex analysts anticipate Solana (SOL) to continue its rally, but do not expect it to hit a new all-time high. The platform predicts SOL to hit $268.12 on Nov. 27. CoinCodex anticipates SOL’s price to consolidate around the $268 price level. Hitting $268.12 from current price levels will entail a rally of about 9.5%