Solana, or SOL for short, made a bid to reach the $100 price mark on 12 May. The cryptocurrency climbed to $98. But the crypto currency was rejected, and it has now dropped below the $100 mark. According to CoinGecko dataSOL has dropped by 4.5% over the past 24 hours, and 50.4% in total since May 20, 2025. SOL’s price has risen by 5.8% in one month, 1.9% on the weekly charts and 9.6% on the 14-day charts. Discuss why Solana’s (SOL’s) price may be experiencing a decline and whether or not it will rebound.
Why Has Solana Seen A Drop In Price?
Bitcoin (BTC), which has risen to $82,000, was also responsible for Solana (SOL’s) price rise. BTC’s price has corrected to $78,000 earlier today (May 14, 2026). BTC’s price correction may have been a contributing factor to the recent drop in Solana (SOL).
A hotter PPI than predicted could have been a factor in Solana’s correction. Figures suggest inflation remains uncontrolled, which may cause the Federal Reserve not to cut interest rates.
The CLARITY Act and Bitcoin’s (BTC) larger market correction may also have been fueled by the CLARITY Act. A pro-crypto law is on the ballot today. However, two of its points remain in question. Due to the absence of a consensus, Solana (SOL), and possibly other cryptocurrencies have suffered. Lummis expects that differences will be resolved once the bill passes.
You may also like: How Solana Is Eating Away Ethereum’s Market
A second factor could be that the US rejected Iran’s demand for a cessation of hostilities. Investors may be more concerned about the development, particularly around high-risk assets like Solana and other cryptocurrency.
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Source: watcher.guru
