The price of SOL has fallen following the last correction and some investors are favoring DCA.
$SOL Solana has had many down days lately, should we seize every opportunity to buy the dip?
Solana is not escaping the correction
The cryptocurrency market has experienced a nice correction following the public clash between Elon Musk and Donald Trump, and Solana did not escape it. Despite the rebound that the market started this Friday, the price of SOL remains in the red with a daily retracement of 1.62%. Worse still, the asset is in the red over the last 7 days (6.74%) and since January 1 (19.78%). While SOL reached a new ATH on January 19 (294.33$), the asset has since retraced by 48.57%.
A potential buying opportunity that does not go unnoticed by investors who see a SOL at this price as an opportunity. For Tagado Bitcoin, it is even the perfect time to continue DCA on the asset. The investor even mentions the idea of extending his strategy as long as the price of SOL does not exceed $200 again.
What price for the end of the year?
After all, SOL has repeatedly shown resilience and has definitely established itself as one of the largest tokens in the crypto market. Despite the downturn of 2022, Solana is one of the only altcoins that managed to reach a new ATH during this bullish cycle. The coin even nearly surpassed the symbolic threshold of $300.
According to Coincodex, which has made price predictions for the rest of the year, SOL is not expected to exceed $200 again. The token is expected to stabilize below that, with a gradual rise over the next few months.
If $150 is already current, $180 is expected in 3 months.
Moral of the story: if SOL doesn't rise, DCA may seem endless.#Write2Earn
