The crypto market is facing one of the most significant price corrections in 2025. Bitcoin (BTC) has fallen to a price level of $111,000, and the global cryptocurrency market capitalization has fallen by 9.5% in the past 24 hours to $3.82 trillion. According to data from CoinGecko, Solana (SOL) has fallen 16.2% in the past 24 hours, 20.2% in the last week, 9.5% on the 14-day chart, and 17.5% month-over-month. The recent price crash has seen Solana (SOL) drop from $222 on October 10th to $183 on October 11th.
Will Solana prices recover from the crash?
The recent market crash followed increasing trade tensions between the US and China. President Trump announced that he would raise tariffs on China to 100% starting in November. The United States also controls the export of software. The move comes in response to China’s restrictions on exports of rare earth materials, which are central to the high-tech industry. Solana (SOL) and the larger crypto market are likely reacting to ongoing developments.
Solana (SOL) has been one of the most resilient cryptocurrencies in recent years. After the FTX collapse in 2022, the asset’s price fell below $9. Since the 2022 low, SOL price has hit multiple all-time highs. Based on past performance, Solana (SOL) is likely to eventually recover in price. However, given continued market uncertainty, it may take some time for SOL to get back on track.
According to CoinCodex analysts, Solana (SOL) will rise in the coming months. The platform expects the asset to reach $213.87 on December 31st. It would require an increase of around 16% from current price levels to reach $213.87.
Also read: Solana: Will SOL surge in Q4 after latest ETF filing?
If investor sentiment improves, Solana (SOL) price could recover even faster than CoinCodex predicts. The Fed is expected to cut rates further later this month. Further rate cuts could lead to a surge in risky investments. Under these circumstances, SOL’s price may recover. Positive developments in ETFs could also help SOL’s price recovery.