Solana (SOL) has fallen to the $80 price level for the first time since January 2024. According to CoinGecko data, SOL has fallen 0.6% in the past 24 hours, 13.9% in the last week, 29.4% on the 14-day chart, and 36.5% month-on-month. After an impressive start to 2025, SOL's price has taken a big hit in recent months. However, if SOL drops to such a low level, it can cause significant changes to your portfolio. Let's discuss why.
Buying Solana at the $80 price level could be a great decision
Solana (SOL) hit an all-time high of $293.31 in January 2025. However, the asset's price has fallen more than 70% from its 2025 peak. While falling prices are a cause for concern, they can also present a great opportunity for big profits in the future.
Solana (SOL) has proven to be one of the most resilient cryptocurrencies on the market. After the FTX collapse in 2022, the asset's price fell below $9. However, since the 2022 low, SOL has hit multiple all-time highs, the most recent being the January 2025 high. Given Solana (SOL)'s incredible comeback after the last bear market, it may be safe to assume the asset will show a similar pattern this time around.
Additionally, the Solana network has experienced incredible growth over the past few years. Many successful memecoin projects have been launched on the SOL network, and this pattern is expected to continue in the future. The Solana network has emerged as a strong competitor to Ethereum (ETH).
According to Telegaon analysts, Solana (SOL) will reach an all-time high of $306 during 2026. Buying at current prices could result in significant profits when SOL breaks through the $300 mark. The platform further expects the asset to breach the $850 mark by the end of this decade.
