Solana (SOL) is facing a steep price decline today, April 02, 2026. According to CoinGecko data, SOL price has fallen 6.1% in the past 24 hours, 12.7% in the last week, 11.8% on the 14-day chart, and 7.6% month-on-month. 2025 got off to a strong start for SOL, hitting an all-time high of $293 last January, but 2026 looks to be going in the opposite direction. Let’s take a look at why SOL is crashing today and why it could drop to $70 next.
Why will Solana’s price crash in early April 2026 and fall further?
Solana (SOL)’s recent price decline comes amid a significant market-wide correction. Bitcoin (BTC) fell to the $66,000 price level after facing a rejection at $69,000. Cryptocurrency markets generally struggle to regain momentum in 2026. The market’s downward trend began in October last year and shows no signs of recovery.
Solana (SOL) and the larger crypto market may have fallen after President Trump indicated he would send ground troops to Iran to seize its uranium holdings. President Trump has previously said the United States could withdraw from Iran within two to three weeks. However, his recent announcements may have dampened investor sentiment.
Solana (SOL) could see its price fall further. The asset fell below the $83-$84 support level. Additionally, Bitcoin (BTC) resistance levels appear to have dropped from the $72,000-$73,000 range to around $69,000. A falling resistance level could be a signal that the market may fall further.
However, CoinCodex analysts do not expect Solana (SOL) price to plummet further in April 2026. The platform expects the asset to gain momentum in the coming months and rise to $135.61 on May 24, 2026. It would require an increase of approximately 71% from current price levels to reach $135.61.
(Tag translation) Solana
