Solana (SOL) has seen a considerable price dip over the last few months. The asset hit an all-time high of $293.31 earlier this year in January. SOL’s price has fallen by nearly 60% since its January peak. SOL is down 4.8% in the daily charts, 14.1% in the weekly charts, 11.6% in the 14-day charts, 13.3% over the previous month, and 37.8% since March 2024. Let’s discuss SOL’s potential price in this price prediction article.

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Cryptocurrencies Continue To Slump

The US has imposed increased tariffs against several trade partners from Apr. 2. President Trump called it “Liberation Day” for all Americans. The move may have consequences for the market. Cryptocurrencies have responded poorly to the development. Solana (SOL) and other major crypto assets are trading in the red zone today. Market participants may be weary about the economic impact of the tariffs.

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SOL’s price has dipped significantly since January. The crypto market faces substantial resistance at the moment. Bitcoin (BTC) climbed to $88,000 in late March but has since dipped to the $83,000 price point. Cryptocurrencies may not move until BTC breaks past its current resistance point.

Price Prediction: Will Solana Reclaim $150 By Mid-April?

According to CoinCodex, Solana (SOL) could rally over the next few days. The platform anticipates the asset to hit $135.65 on Apr. 15. SOL’s price will rally by 14.2% if it hits the $135.65 target. CoinCodex does not expect SOL’s price to hold above $130. The platform anticipates a correction to around $122 by early May.

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Solana recovered strongly from its dip in 2022. The market value of the asset dropped to below $10 when FTX collapsed in November 2022. SOL has reached various new price highs in recent months. The asset’s rising adoption rate demonstrates the strength it possesses as a proof of resilience. Loss recovery of the asset seems realistic for the future.