The cryptocurrency market is facing further decline. Bitcoin (BTC) briefly fell below the $65,000 level, but has since recovered to the $66,000 price level. Solana (SOL) also follows the overall market trend. According to data from CoinGecko, the popular cryptocurrency has fallen to $80, a decline of more than 36% from the previous month. The asset is down 5.8% in the past 24 hours, nearly 6% in the last week, nearly 5% on the 14-day chart, and 53.3% since late February 2025. Let’s explain why $80 Solana (SOL) is a bargain and why you might consider buying it on the spur of the moment.
You might consider buying Solana’s stock decline at $80.
Solana (SOL) has proven to be one of the most resilient cryptoassets on the market. While the current price decline is concerning, it is not close to the price this asset will experience in 2022. After the FTX collapse in November 2022, SOL’s price fell to below $9. Since the 2022 lows, SOL has shown considerable recovery, hitting multiple all-time highs. SOL hit its most recent high of $29,331 in January last year. The asset is currently down more than 72% from its all-time high. Considering past patterns, there is a good chance that Solana (SOL) will once again regain its lost glory. Therefore, buying now can lead to big profits in the future.
However, Solana (SOL) could see further price declines before entering a bullish trajectory. Cryptocurrency markets remain highly vulnerable, and macroeconomic concerns continue to prevent investors from making risky bets. Market leader Bitcoin (BTC) is far from the recovery stage. Additionally, corporate treasuries have been selling BTC for three consecutive weeks. Solana (SOL) will likely not enter the bull market until BTC recovers. Therefore, you may want to wait for BTC to show signs of bottoming out before taking a position.