Solana has seen a slight rebound in the last 24 hours, but the asset continues to trade in the red zone in the other time frames. According to CoinGecko’s Solana data, SOL is up 0.3% in the last 24 hours, but is down 8% in the last week, 10.7% in the 14-day charts, 9.4% over the previous month, and 40.6% since December 2024. If the current trajectory continues, SOL’s price could fall below the $120 mark. Let’s discuss why Solana (SOL) falling below $120 could be a blessing in disguise for many investors.

Solana Falling Below $120 Could Be a Good Thing

Solana (SOL) was among the best-performing cryptocurrencies of 2024. In fact, SOL has had an incredible few years since 2022. The 2022 market crash was one of the bloodiest, and SOL faced some of the worst blows that the market had to offer. 2022 saw the collapse of FTX, an exchange that was very bullish on SOL. The exchange held a large amount of SOL coins, and the platform’s collapse led to a massive price crash for Solana (SOL). SOL’s price fell to below $9 by late 2022. Since its 2022 low, SOL’s price has hit multiple all-time highs, with the most recent peak of $263 earlier this year in January.

Solana’s (SOL) incredible comeback over the last few years has solidified its status as one of the most resilient crypto assets in the market. That is why many investors are not worried about SOL’s current predicament. There is a very high chance that SOL will recover its losses once the bear market is over.

Also Read: Solana Weekly Price Prediction: How Much Lower Will SOL Go?

Given its historical reversal trend, Solana (SOL) falling below $120 could present an incredible entry point for investors. You will have more than doubled your money if SOL reclaims its all-time high of $263 in the future, which it very well may.