Solana Plunges to $90: How Low Can It Go?

Solana just hit a gut-check $90—a level that has traders scrambling and analysts sharpening their pencils. The once high-flying blockchain is facing a brutal reality check.

The Technical Breakdown

Support levels are crumbling. The drop to $90 wasn't a gentle slide; it was a cascade. Momentum indicators are flashing red, and the order book looks thin on the buy side. This isn't just a dip—it's a full-scale retreat.

Market Forces at Play

Broader crypto sentiment is doing no favors, but Solana's issues might be homegrown. Network performance debates and fierce competition are applying pressure. The 'Ethereum killer' narrative is getting tested in the fires of a bear market.

The Road Ahead

Where's the bottom? Charts suggest $85 could be the next major test. A break below that opens the door to a much uglier picture. Reclaiming $100 is the first step for any bullish reversal, but that feels miles away right now.

The crowd that cheered at $200 is now silent at $90—a classic reminder that in crypto, euphoria and despair are just a few price candles apart. Time to see if the network's fundamentals are as resilient as its proponents claim, or if this is just another overhyped asset finding its true, painful value. After all, what's a 55% drop between friends with diamond hands?

How Low Will Solana’s Price Go?

Solana’s (SOL) latest price crash has put incredible pressure on investors. SOL is likely following Bitcoin’s (BTC) trajectory, which has been on a downtrend since October 2025. The crypto market faced increased volatility after a spike in macroeconomic uncertainty and rising geopolitical tensions. Moreover, a overarching liquidity crunch seems to have triggered a larger market correction.

According to investment firm Stifel, bitcoin (BTC) could dip as low as $38,000, based on past cycles. BTC falling to $38,000 will likely cause substantial pandemonium in the market. BTC last traded at $38,000 in December 2023. Solana (SOL) was trading at around $60 in early December 2023. We could presume that SOL will fall to $60 if BTC dips to $38,000.

BITCOIN COULD FALL TO 38K

Investment company Stifel says Bitcoin could fall to $38,000 based on past cycles, citing tighter Fed policy, slowing U.S. crypto regulation, shrinking liquidity, and heavy ETF outflows.

Sentiment has sunk into “extreme fear,” showing waning… pic.twitter.com/91ZB92kPSq

We could be entering another long crypto winter. However, solana (SOL) has proven that it is one of the most resilient crypto assets in the market. SOL’s price fell to below $9 after the collapse of FTX in 2022. However, the asset made quite a recovery over the last few years, hitting multiple all-time highs. Hence, despite the worrisome market environment, Solana (SOL) will most likely recover its losses once the crypto market comes out of its currency predicament.