If we look at the chart, Solana's all-time high has been $260 and is currently trading around $32, So right now it's about 88% below its all-time high, and to reach $60, Solana only needs to increase its price by 11%, Rather, as soon as the market starts to recover, it will have increased its prices by 10% to 20% percent until entering the bull run.
True. It is almost bottomed out and will bounce back once market condition improve which is likely to happen by the end of September when market would have discounted impact of 3 major events scheduled for mid of the month & in particular interest rate decision which can potentially shake up all financial market including crypto. I think we might see Solana reaching $60 & above during the 4th quarter.