Can Solana Price Struggles Lead to a Collapse Below $90?

Solana price continued to face intense downward pressure, raising concerns about whether the cryptocurrency could fall below $90. The ongoing decline reflects broader market volatility and investor caution amid continued sell-offs and liquidations.

Odds of Solana’s price action moving in either direction would largely depend on the market’s trajectory. Especially, Bitcoin price action, which can impact most altcoins’ price action including Solana.

Solana reached a new all-time high early this year amid hype of Trump tokens releasing on the blockchain. Additional push was provided during announcements of inclusion in US’s national strategic reserves.

Solana price has fallen to levels not seen this entire year. At press time, there was a a slight pump owing to Bitcoin turning green for a bit. Whether price action would continue to stay green or turn red is something that remains to be seen.

This article will dive into SOL price’s expected future and possible fall below $90, if at all.

Solana Price 60% Loss and Recent Trading Behavior

Solana has shed more than 60% of its market value since mid-Jan. 2025. The token currently trades near $100 after hitting a daily low of $96, according to market data.

The prolonged decline has prompted traders to reassess Solana’s short-term prospects. Some view the current price zone as a potential support level, while others expect further losses due to lack of recovery momentum and weak technical indicators.

The inconsistent sentiment reflects uncertainty over whether the current level will hold. Despite momentary stabilization, Solana has failed to reclaim previous support levels, signaling continued weakness across crypto markets.

Liquidations and Market Sell-offs Amplify Pressure

Solana price experienced a 9% decline in the last 24 hours while the selling volume increased. During this period, cryptocurrency traders liquidated more than $62 million worth of Solana long positions which indicates increased selling intensity.

Additionally, the massive market sell-offs indicate investors expect the price to continue declining which shows they are exiting their current positions. Solana price is facing heightened pressure because investors are responding to downward trends across the market while increasing sales.

The bearish market sentiment has led directly to increased sell-offs and liquidations across the cryptocurrency market. The challenging conditions for risk assets have encouraged traders to execute position liquidations that reduce their market liability.

Solana price could experience sustained decline because investors have demonstrated decreasing support for the cryptocurrency during the ongoing selling pressure.

Selling Pressure Due to Unlocks

More so, the bearish Solana forecast grows stronger due to upcoming large SOL token unlocks. A total of 465,000 SOL tokens worth more than $50 million are set to become available during this week.  This unlock will create extra selling pressure which traders will exploit through the newly available liquidity of tokens.

Moreover, an expanded circulating supply will worsen Solana’s price performance by reducing its token value. These unlocks occur at a moment when Solana faces declining market conditions.

Analysts Predict Further Decline and Potential Support at $90

Meanwhile, analyst Ali Martinez identified a significant Solana (SOL) depletion after the coin dropped below vital support areas indicating likely price decreases.

The recent price drop to below $121 indicates a possible violation of established long-term price trends. A bullish pattern triggered during a bearish momentum period may signal future price declines.

Solana Price Chart Source: X

Other analysts also anticipate that SOL may test $58 in an extended correction phase, particularly if broader market sentiment does not improve.

Additional bearish analysis from The Coin Republic suggests Solana’s failure to hold $120 support reflects deeper structural challenges.

Despite a growing Total Value Locked (TVL) and strong decentralized exchange volumes, investor demand has weakened. The recent $200 million unlock and fading interest in Solana-based meme coins continue to weigh on sentiment.