The Solana SOL cryptocurrency has been struggling of late to pick up momentum on its price charts. Despite a 6% climb in two weeks, the asset remains down 18% in the last month. SOL started 2025 with a bang, hitting an all-time high of $293.31 on Jan. 19. While the asset has remained above the $110 price level and seen sporadic success in 2025, 2024 still proved to be the better-performing year.
With Christmas just around the corner, crypto investors often look toward the holiday season to make crypto investments for the new year. SOL was a hot commodity last year entering the new year, however, this time around near its 1-year lows. While the mood may seem bearish around Solana and crypto, it could also be a valuable “buy the dip” scenario. Activity on the Solana network is up, and trading activity for SOL has also gone up in the last week. Hence, it can be seen that a SOL pump could be brewing.
Analysts at CoinCodex are giving Solana SOL a buy rating entering the Christmas season. Come the new year, SOL could return to the $150 level and begin a green streak. “According to our latest Solana price prediction, SOL is forecasted to rise by 11.00% and reach $ 149.73 by January 3, 2026,” CoinCodex analysts note. In addition, they suggest that this weekend could be the start of a slow rally heading into the Holidays. The platform anticipates the asset to hit $139.04 on Sunday, Dec. 7, 2025. Hitting $139.04 from current price levels will entail a rally of about 1.7%.
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Furthermore, the Federal Reserve may roll out another interest rate cut later this month. An additional rate cut could lead to a market-wide rally. Solana (SOL) could reclaim the $150 mark if rates are further reduced, putting SOL on a bullish path into 2026.