The cryptocurrency market is facing yet another crash today. Bitcoin (BTC) collapsed to the $72,000 price level, and most other assets are following its trajectory. SOL is also following the market-wide correction trend. CoinGecko’s Solana data shows that SOL’s price has seen a near 4% correction in the last 24 hours. Solana (SOL) currently faces risk of falling below the $80 mark. Let’s discuss how low the cryptocurrency could fall.
Could Solana Fall Below $80?
Solana (SOL) twice dipped below the $80 mark in the last 3 months. SOL fell to $77.98 on April 2, 2026, and to $78 on Feb 28, 2026. There seems to be some support at the $77-$79 price range if SOL dives below $80. If SOL is dragged below the $77-$79 price range, it could see a dip to the $70 mark. SOL has not seen since this price level since late 2023.
Solana (SOL) is one of the most resilient crypto assets in the market. While the current dip is alarming, it is nowhere close to what happened in 2022. SOL’s price fell below $10 after the collapse of FTX. However, the asset has made quite a comeback in the following years. Solana (SOL) hit an all-time high of $293.31 on January 19, 2025.
Also Read: Solana Has Fallen 50% In 1 Year: Should You Sell or Be Patient?
Solana’s price may continue to dip over the next few days. It looks like the dip is because of the possibility of the United States and Iran getting into a bigger conflict. The talks between the United States and Iran have not reached a common ground. If things get worse the price of oil will probably go up more. When oil prices go up it causes inflation. That makes investors really worried about high-risk assets. Solana (SOL) and other risky assets could take the brunt of the blow. If the war between the US and Iran restarts, then there is an expectation that the crypto market will be hit.