The cryptocurrency market has faced another steep correction. Solana (SOL) has fallen to the $90 mark, a price level last traded at in January 2024. According to CoinGecko data, SOL’s price has dipped 8% in the last 24 hours, 26.1% in the last week, 30% in the 14-day charts, 34.4% in the monthly charts, and 56.2% since February 2025. Let’s discuss why Solana (SOL) is down, how much lower it may dip, and if its price can recover from the crash anytime soon.
How Low Will Solana’s Price Go?
Solana’s (SOL) latest price crash has put incredible pressure on investors. SOL is likely following Bitcoin’s (BTC) trajectory, which has been on a downtrend since October 2025. The crypto market faced increased volatility after a spike in macroeconomic uncertainty and rising geopolitical tensions. Moreover, a overarching liquidity crunch seems to have triggered a larger market correction.
According to investment firm Stifel, Bitcoin (BTC) could dip as low as $38,000, based on past cycles. BTC falling to $38,000 will likely cause substantial pandemonium in the market. BTC last traded at $38,000 in December 2023. Solana (SOL) was trading at around $60 in early December 2023. We could presume that SOL will fall to $60 if BTC dips to $38,000.
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We could be entering another long crypto winter. However, Solana (SOL) has proven that it is one of the most resilient crypto assets in the market. SOL’s price fell to below $9 after the collapse of FTX in 2022. However, the asset made quite a recovery over the last few years, hitting multiple all-time highs. Hence, despite the worrisome market environment, Solana (SOL) will most likely recover its losses once the crypto market comes out of its currency predicament.