- Solana remained just 14% above its pre-election levels, while its rivals were high on profits.
- With $250 million USDC minted recently, could fresh capital flow into the network?
After Solana [SOL] soared to $220 at the start of the year, it’s now retreated to the $185-$190 range. This has left many HODLers at a crossroads: Is it time to buy the dip, cut losses, and move on?
For Solana, the stakes are even higher
After the ‘better-than-expected’ U.S. economic data sent ripples through the market, Solana felt the brunt of it. SOL has dropped 12% in just under a week, leading the pack in losses.
The silver lining? No signs of overheating on the price chart, suggesting that this drop is more about fear and panic selling.
However, this is not an isolated case. Other high-caps are also feeling the heat. But when comparing Solana’s performance to that of other altcoins like Ethereum [ETH] (+27%), Cardano [ADA](+230%), Ripple [XRP] (+400%), and Binance Coin [BNB] (+25%), it’s clear that Solana is trailing behind.
Currently just 14% above its pre-election levels, another dip could bring SOL right back to where it stood when the Trump trade took off in Q4 of last year.
Source: TradingView
For Solana, the stakes couldn’t be higher. If the price doesn’t start to rally, potentially hitting $250 as the market rebounds, HODLers might start to lose hope.
And if that happens, SOL could plummet below $160, with investors shifting their focus to other high-cap coins for better returns.
The pressure’s on. It’s time for Solana to step up or risk being left behind.
The clock is ticking
The crypto market is on edge, eagerly awaiting a strong rebound, with many hoping Trump’s inauguration will reignite that classic FOMO among buyers.
While SOL’s current price presents an enticing “dip,” its lack of steady price action might raise a few red flags for cautious investors.
So, what’s at stake? For SOL to deliver big returns, it needs to break its all-time high. If that happens, we’re talking about a potential 40%+ ROI.
But here’s the catch: other high-caps, still sitting pretty in profit, have a much smaller gap to cover. This means Solana faces stiff competition for investor attention.
Read Solana’s [SOL] Price Prediction 2025–2026
While the RSI hints at some upside potential, the 50% drop in trading volume is worrying. AMBCrypto’s theory that investors might be moving away from SOL could hold true.
This could be the perfect time for whale cohorts to start accumulating. If that happens, SOL could hold strong above the $215 mark in the short term.
Furthermore, with $250 million USDC minted on the network, Solana might be preparing for a comeback. However, in terms of investor confidence, the altcoin still has a long road ahead.
With 2025 shaping up to be a year of diversification, altcoins are vying for the spotlight. For Solana to stand out, it’s make-or-break time.
