Solana (SOL) slipped below $85 after several months of falling prices tied to liquidity strains and wider economic uncertainty. Trading losses accelerated amid macro and geopolitical headwinds that have weighed on crypto markets.
According to CoinGecko, SOL fell 1% in the last 24 hours and 19.1% over the past week. It dropped about 32% on 14-day charts and nearly 38% month-over-month.
SOL reached an all-time high of $293.31 in January 2025 and now trades more than 71% below that peak. The token had previously dropped below $10 in early January 2023 after the collapse of FTX.
The likelihood of a return to the $9.96 January 2023 low appears low given current conditions. (Ed. note: The 2022 FTX collapse amplified that earlier crash.)
According to Telegaon, analysts expect SOL to breach $300 in 2026 and described current levels as a potential long-term entry point. The report frames the present weakness as part of a broader market cycle rather than a repeat of 2022 exchange failures.
