Another dip has occurred in the crypto market. Bitcoin (BTC), briefly below the $65,000 price mark, has now recovered its $66,000 value. Solana is following market trends. The price of the popular cryptocurrency is now $80. falling more than 36% over the previous month, according to CoinGecko data. Assets have fallen by 5.8% within the last 24h, almost 6% during the previous week, near 5% over 14-day charts and 53.3% in total since February 20, 2025. Here’s why Solana is worth $80 and you should consider buying it on the dip.
Solana’s Price Drop is $80.
Solana, or SOL as it is also known in shorthand, has shown itself to be one of the strongest crypto assets on the market. Although the recent price drop is worrying, it does not compare to what SOL experienced in 2022. SOL’s price dropped below $9 following the collapse of FTX on November 20, 2022. SOL is on a great comeback after its 2022 bottom. It has reached multiple highs. SOL’s most recent high was $29331, reached in January last year. The asset’s value has dropped by 72% in the last year. There is a good chance Solana will regain its former glory, given its past pattern. So, buying today could result in massive gains down the road.
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There is still a possibility that Solana’s (SOL), before it enters a bullish trend, could experience further dips in price. Investors are still hesitant to take risks on the crypto market because it is fragile. Bitcoin (BTC), market leader, remains far from a full recovery. Corporate treasuries are also selling BTC. This has been happening for the past three weeks. Solana will probably not start a bull-run until BTC starts to recover. You could therefore wait until BTC shows signs that it has reached a bottom to take a position.
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Source: watcher.guru
