Solana (SOL) fell to the $130 price level earlier today. This marked the second instance of SOL falling to the $130 price level in the last few days. The popular crypto seems to have found some support at this price point. However, a dip below $130 could lead to the asset falling to the $100 mark.

Will Solana Fall To The $100 Price Level If It Dips Below $130?

SOL has since recovered quite a bit from today’s descent. According to CoinGecko’s Solana data, SOL’s price has rallied 3.5% in the last 24 hours. Despite the rally, the asset is still down by 8.1% in the weekly charts, 9.9% in the 14-day charts, and 22% over the previous month. SOL was among the best-performing cryptocurrencies of 2024, but the asset has lost all gains made in the last year, dipping 38.6% since November 2024.

The $130 price point is a crucial level for Solana (SOL). Dipping below $130 could pull the asset to around $100-$105, a level last traded at in April of this year. Dipping below $100 would spell serious trouble for Solana (SOL). The asset has not traded below $100 since January of 2024.

Despite the ongoing bearishness, one must admit Solana’s (SOL) resilience. The asset fell to below $9 after the FTX debacle of 2022. Since its 2022 lows, SOL has hit multiple all-time highs. The asset hit its most recent peak of $293.31 earlier this year, in January. Given SOL’s incredible track record, it could be safe to say that the project may rebound to new highs once the bear market is over.

Also Read: Solana Firedancer, Alpenglow Upgrades: $250 SOL Surge OTW?

Solana (SOL) will most likely follow Bitcoin’s (BTC) trajectory. A BTC reversal is likely the only thing that can revive the market. Solana (SOL) also had several ETF launches over the last few weeks. A market revival will likely lead to a surge in ETF inflows, which in turn may further push SOL’s price