there is always room for rebounding , as Solana had already reached 3 digits in the past and even higher so 40 dollars is not that much to expect , also the lowest price recorded are even centavos so why bother looking for this when it is written to happen again soon?
in the next bullrun in which believed to be coming in 1-2 years time? I am sure most of Solana's supporters will have their gains that time specially those who bought in those lowest value ever.
Those holding Solana will have their day and get huge profits when the time comes, however the drop Solana has experimented is something that cannot be ignored, the price dropped 92% from its ATH, which is one of the higher percentages among the top coins in the market.
So if someone bought at that price or close to it they will need to hold their coins for the majority of the upcoming bull run just to recover their money, and if they do not have plans to do this then they need to begin to buy more Solana at the current prices so they can decrease the average price at which they bought this coin and they can breakeven even sooner.
I think you speculated it correctly mate because just a couple of months after ,or 6 months from your post? Solana have crawled more than 40 dollars and I believe that is twice the price since april?
dropping 92% from ATH and not climbed 100% in the last 6 months is enough mate.
I notice, some opinions are too much aggressive about solana, even people including me, aren’t trust solana anymore for become profitable in long run. I agree that this coin isn’t worth investing and thats why people move on from others altcoins but i believe solana Will hit more than $40! But no guarantee within this year but yes! It'll might be happen during bull run! This is solana which ath was $240 something. So i believe Solana still has enoght enough to have a journey of $40 which ks double of its current price!!
We are most talking about Solana because it's what we have seen to have happened now, but how about the ones we don't know what their next action will be, and probably we might have invested so deeply in them or having them in mind for an investment, and how are we even sure that Solana will or will not rise again, this is altcoins we are talking about, their future continue to remain an unpredictable future, once we are investing, then we are accepting the risk altogether.
and because it is what the topic says , this thread is about Solana so we will be talking SOL here no matter what.
we need no new coin from this because it is the climbed from the deep.