- Solana (SOL) has experienced a slight price increase in the last 24 hours but continues to decline over longer periods.
- SOL is down about 40.6% since December 2024 and could drop below $120 if the current trend persists.
- Solana faced a major price crash in 2022 following the collapse of the FTX exchange.
- Since its 2022 low of under $9, SOL has hit multiple all-time highs, reaching $263 earlier in 2025.
- A drop to below $120 may offer a favorable entry point for investors, based on Solana’s historical price recovery.
Solana (SOL) has rebounded slightly in the past 24 hours, rising 0.3%, according to CoinGecko’s Solana data. However, the cryptocurrency remains in negative territory over longer time frames. It has declined 8% over the past week, 10.7% during the past two weeks, 9.4% in the last month, and 40.6% since December 2024. If this downward trend continues, SOL’s price may fall below the $120 mark.
SOL was one of the best-performing cryptocurrencies in 2024 and has shown resilience since the 2022 market crash. The collapse of the FTX exchange, which held a large quantity of SOL tokens, triggered a severe price drop for Solana. By late 2022, SOL’s price had fallen to below $9.
After reaching that low point, SOL recovered and reached multiple all-time highs, including a peak price of $263 earlier in 2025. This comeback has strengthened Solana’s reputation as a durable crypto asset within the market.
Given Solana’s past recovery patterns, the cryptocurrency dropping below $120 might present a valuable opportunity for investors. If SOL regains its previous high of $263, those entering at lower prices could see substantial gains in the future.
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