Solana (SOL) is showing some signs of recovery. According to CoinGecko data, Solana (SOL) is up 0.2% in the past 24 hours and 0.9% over the past week. However, the asset faced significant losses in other time frames, dropping 10.6% on the 14-day chart, 11.2% month-over-month, and 37.3% since late December 2024. In this weekend price prediction article, let's discuss whether Solana (SOL) can continue the gains it made on the daily and weekly charts and reach $130.
Weekend price prediction for Solana: Will the card cost $130?
Solana (SOL) was one of the best performing cryptocurrencies in 2024. However, the asset lost all the gains it made last year. Despite the lackluster current performance, many expect SOL to recover its losses in time. Solana (SOL) has emerged as one of the most resilient crypto projects on the market, especially after its comeback from the FTX debacle. After FTX's collapse in 2022, SOL's price fell below $9. Since the 2022 low, SOL has made multiple all-time highs. The asset hit a recent high of $293.31 in January of this year. SOL is currently down more than 58% from its January peak.
Solana (SOL) is currently following the trajectory of Bitcoin (BTC). The slight rebound in SOL can be attributed to BTC regaining the $88,000 price level after recently falling to the $86,000 level. If BTC can maintain its momentum, SOL could continue to rise. If BTC regains $90,000, this move could push Solana (SOL) to the $130 level. However, given macroeconomic uncertainty, prices are likely to consolidate around current levels.
CoinCodex analysts do not expect Solana (SOL) to reach $130 just yet. The platform expects SOL to continue trading at $122 this weekend. CoinCodex predicts that SOL will regain $130 on January 10, 2026.
