Solana (SOL) continues its price descent as it falls below the $85 mark. SOL’s price has faced substantial challenges over the last few months as we enter another bear market. According to CoinGecko, SOL’s price has fallen 1% in the last 24 hours, 19.1% in the last week, 32% in the 14-day charts, and nearly 38% over the previous month. SOL hit an all-time high of $293.31 in January 2025, but 2026 seems to be going the other way around. The asset is down by more than 71% from its 2025 all-time high. Given Solana’s (SOL) steep price dip, let’s discuss if it will fall to its January 2023 low of $9.96.
Will Solana’s Price Dip To The $9 Mark?
Solana (SOL) faced a massive price crash after the collapse of FTX in 2022. The asset eventually fell below the $10 mark in early January 2023. However, the chances of SOL dipping to its 2023 low is quite slim. The 2022 market crash was deepened by the FTX debacle. This time around, there is no such massive bank run in the crypto space. The crash is likely due to a liquidity crunch, macroeconomic uncertainties, and geopolitical tensions.
Solana (SOL) has had quite a comeback since its 2023 lows. The asset hit multiple all-time highs over the last few years, and will likely rebound when the market gains strength. SOL has proven itself as one of the most resilient crypto assets in the market. The popular cryptocurrency will likely climb to new peaks once the market is back on track.
Also Read: Solana At $86 Could Be A Gem For Your Portfolio: Here’s Why
According to Telegaon analysts, Solana (SOL) will climb to a new all-time high in 2026, breaching the $300 mark for the first time in its history. Given the bullish outlook, current prices could be an excellent entry point for long-term investors.
