Cryptocurrency Sol reclaims the $250 price range for the first time since January 2025, signaling the impending arrival of an altcoin season.
The altcoin market is moving closer to the peak phase of the altseason, with Solana (SOL) leading the charge. The cryptocurrency has reclaimed the $250 price range, a feat not seen since January 2022, marking a bullish sign for the altcoin market.
This reclamation comes after a correction phase that led to a healthier market. Ethereum (ETH) bottomed at $1,700 during this period, and the market correction allowed altcoins to pump after Ethereum's bottom. The market has shown signs of recovery and health after the correction phase.
Solana's bullish move is one of the indicators of a steady pump across several promising altcoins. The current trading price of SOL is $245, according to CoinMarketCap analytics, and the 24-hour trading volume of SOL is $8,836,677,396.52. SOL's total market cap is $133,171,868,929.43.
Analysts predict that SOL will set new ATH prices soon. Historically, Q1 following a Bitcoin Halving event is typically the altseason peak phase. However, this cycle saw a market correction instead, likely due to Bitcoin setting a new ATH before the Halving event.
Despite the differences in market dynamics this time around, analysts project that Solana could reach a potential peak price between approximately $320 and $450 in the current and near-term altcoin season. Some forecasts suggest around $320 based on technical analysis, while others predict up to $452 by 2025 driven by growing DApp adoption. Longer-term predictions vary up to $1,000 or more by 2031, though challenges and market risks remain.
This bullish move by Solana suggests a potential for it to go higher during this altseason. The reclaimed price range indicates a potential start of the altseason peak phase for Solana. As the altcoin market continues to recover, investors and analysts will keep a close eye on Solana's performance, hoping for a return to its previous ATH prices and beyond.
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