Solana Reclaims $200: Can SOL Hit $250 This Week?

Solana (SOL) has reclaimed $206.37 aft its caller plummet to $186. The plus has rallied 5.1% successful the regular charts and 112.7% since February 2024. Despite the rally, SOL is inactive down by 14.9% successful the play charts, 12.5% successful the 14-day charts, and 4.6% implicit the erstwhile month.

Also Read: Ethereum: Eric Trump Says It’s A Great Time To Add ETH

Source: CoinGecko

Why Is The Crypto Market Rallying Today?

Source: Watcher Guru

Solana (SOL) had rather a bullish period successful January. The plus deed a caller all-time precocious of $293.31 connected Jan. 19, 2025. SOL’s terms has dipped by astir 30% from its January peak. The crypto marketplace faced a important correction connected Monday, Feb. 3, 2025, aft President Donald Trump announced tariffs connected Canada and Mexico.

Also Read: Bitcoin (BTC) Price: How High Will It Go Amid Global Tariff Wars

The crypto marketplace seems to beryllium resurging today. Bitcoin (BTC) concisely reclaimed the $100,000 level. The resurgence is apt owed to President Trump pausing tariffs for 30 days. SOL and different cryptocurrencies person responded positively to the decision.

Can Solana Hit $250 This Week?

According to CoinCodex, SOL volition emergence to astir $234 and consolidate astir that level. Hitting $234 from existent terms levels volition entail a rally of astir 13.39%. CoinCodex anticipates SOL to look a dip to astir $215 successful March. The level does not expect SOL to deed $250 anytime soon.

Source: CoinCodex

The crypto marketplace could look different correction precise soon. The Trump medication could reenforce tariffs aft the 30-day period. The 30-day intermission is simply a impermanent decision. The tariffs whitethorn marque a imperishable comeback if the taxed countries bash not nutrient the required results. In specified a scenario, Solana (SOL) and different cryptocurrencies could suffer.

Also Read: US Stocks: Which Was Hit the Hardest by Trump’s Tariffs?

There is besides a anticipation that the cryptocurrency marketplace volition proceed its upward movement. A imperishable intermission successful tariffs could pb to a surge successful capitalist confidence. Solana (SOL) could surge nether specified conditions.