The cryptocurrency market is once again facing a sharp correction. Solana (SOL) has fallen to the $90s, a price level it last traded in January 2024. According to CoinGecko data, SOL price has fallen 8% in the past 24 hours, 26.1% in the last week, 30% on the 14-day chart, 34.4% on the monthly chart, and 56.2% since February 2025. Let me explain why. Solana (SOL) is falling, but how far can it fall and can the price quickly recover from the crash?
How low will Solana’s price fall?
Solana (SOL)’s recent price collapse is putting incredible pressure on investors. SOL is likely to follow the trajectory of Bitcoin (BTC), which has been trending downward since October 2025. Cryptocurrency markets faced increased volatility due to heightened macroeconomic uncertainty and rising geopolitical tensions. Moreover, the overall liquidity squeeze appears to have triggered a larger market correction.
Based on past cycles, Bitcoin (BTC) could fall as much as $38,000, according to investment firm Stifel. If BTC falls to $38,000, it will likely cause havoc in the market. BTC last traded at $38,000 in December 2023. Solana (SOL) was trading at around $60 in early December 2023. If BTC falls to $38,000, we can speculate that SOL will fall to $60.
We could be in for another long crypto winter. However, Solana (SOL) has proven to be one of the most resilient cryptoassets on the market. After the FTX collapse in 2022, the price of SOL fell below $9. However, the asset has rebounded significantly in recent years, hitting multiple all-time highs. Therefore, despite the worrying market environment, Solana (SOL) will most likely recover its losses once the crypto market emerges from the currency’s woes.