- SOL reclaims $250 price range for the first time since January 2025.
- Solana’s strength represents the nearing of altseason arrival.
- How much higher can SOlana go this altseason?
With Bitcoin Dominance continuing in a downtrend , several promising altcoins have been showing steady pump indicators across their respective price charts. Most recently, Solana (SOL), one of the top 10 crypto assets, made a bullish move. In detail, SOL reclaims $250 price range for the first time since January 2025, igniting bullish expectations for the altseason peak phase to finally begin.
SOL Reclaims $250 Price Range
Since the start of the year 2025, altcoins have been teasing at hitting higher ATH prices, with many assets closing in on their previous ATH prices. However, a major market correction hit the crypto market in Q1 instead. This was caused due to the fact that Bitcoin started its pump early this bull cycle, by setting a new ATH before the Bitcoin Halving event even occurred, which is likely what caused altseason to have been delayed this cycle.
Historically, Q1 following a Bitcoin Halving event is often the phase where that bull cycle’s altseason peak phase occurs. It seems that this time, due to unforeseen changes in market dynamics, Q1 got a correction phase instead, leading to what analysts admitted to be a much healthier market after the correction, as during this time, the price of Ethereum (ETH), the pioneer altcoin asset, went on to bottom at $1,700, allowing altcoins to pump after.
This event bolstered altcoin pumps, as with the price of ETH finally moving up again, several altcoins began to either surge towards their previous ATH prices or went on to set new ATHs of their own. One such asset to do so was SOL. In detail, SOL set its current ATH price 8 months ago at the $294.33 price target. Since then, the price of SOL has declined heavily and has been trading in the lower $200 price range.
SOL Aims at Higher ATH Targets
According to CoinMarketCap analytics, the price of SOL is currently trading at the $245 price range, showing an extremely low drop over the last 24 hours, and boasts a total market cap of $133,171,868,929.43, and a 24-hour trading volume of $8,836,677,396.52. The price of SOL is also just over 16% away from its previous ATH price set at $294.33, set 8 months ago, and analysts believe SOL will set new ATH prices soon.
As we can see from the post above, the price of SOL just reclaimed the $250 price range for the first time since January 2025, sparking several bullish implications. The first is that SOL will reclaim its previous ATH prices and then move on to hitting higher ATH targets in the coming days ahead. The second is that this is a very bullish sign for all altcoins in general, as the altcoin market is moving towards the arrival of the bull cycle’s altseason peak phase.
