Solana Plunges Below $80 After 6% Crash: Is $70 the Next Stop?

Solana (SOL) is flashing a critical warning signal to investors today, April 2, 2026, as its price collapses below the key $80 support level. The asset has plunged over 6% in the last 24 hours, extending a brutal weekly loss of 12.7% and marking a stark reversal from its January 2025 all-time high of $293. With mounting selling pressure and a 7.6% monthly decline, analysts are now questioning whether a deeper correction toward $70 is imminent.

Why Is Solana’s Price Crashing In Early April 2026, And Will It Fall Further?

Solana’s (SOL) latest price dip comes amid a larger market-wide correction. Bitcoin (BTC) has fallen to the $66,000 price level after facing a rejection at $69,000. The crypto market, in general, has struggled to gain momentum in 2026. The market downtrend started in October of last year and is not showing any signs of a recovery.

Solana (SOL) and the larger crypto market may have dipped due to President Trump hinting at sending ground troops into Iran to seize the country’s uranium holdings. Trump had previously said that the US could exit Iran in two or three weeks. However, his latest announcement may have led to a dip in investor sentiment.

There is a chance that Solana (SOL) could see further price dips. The asset has fallen below its $83-$84 support level. Moreover, Bitcoin’s (BTC) resistance level seems to have fallen from the $72,000-$73,000 range to around $69,000. The lower resistance level could be a signal that the market may fall further.

CoinCodex analysts, however, do not anticipate Solana’s (SOL) price to crash further in April 2026. The platform expects the asset to pick up steam over the coming months, climbing to $135.61 on May 24, 2026. Hitting $135.61 from current price levels will entail a rally of about 71%.