Solana (SOL) has recently recovered the $80 price level after falling as low as $77. According to CoinGecko, the price of SOL has increased by 2.5% in the past 24 hours. However, despite the drop, SOL is still glowing red in other time frames, dropping 2.1% in the last week, 6.2% on the 14-day chart, and 2.8% month-over-month. Consider whether you missed the opportunity to buy Solana (SOL) below $80 or if the asset will fall again.
Will Solana (SOL) fall below $80 again?
Solana (SOL) is off to a pretty bullish start heading into 2025, hitting an all-time high of $293.31 on January 19 of last year. However, 2026 seems to have started in the complete opposite direction. SOL’s price has fallen more than 72% from its 2025 peak.
Solana (SOL)’s drop to sub-$80 price levels could have been an excellent entry point for new investors. However, it may not be too late to enter. SOL has proven to be one of the most resilient crypto assets on the market. After the FTX collapse in 2022, the price of SOL fell below $9. However, since the 2022 low, SOL has shown incredible strength, hitting multiple all-time highs. SOL’s comeback from the 202 crash is truly historic, given that many believed it was the end of the road for the popular cryptocurrency.
Solana (SOL) will most likely recover from its current position if the broader economy improves. Crypto veterans will know that the crypto market works in cycles. Bitcoin (BTC) fell to the $15,000 level during the market crash in 2022, but rose to over $100,000 about two years later in December 2024. Following historical patterns, Solana (SOL) will also most likely reap incredible profits when it enters a bull market. So it’s not too late to get into SOL, even if the price is over $80.
(Tag translation) Solana
