Solana (SOL) has seen a significant price decline, dropping below $85 and falling about 38% in the past month. Despite its steep losses since its all-time high in January 2025, the likelihood of it retesting the 2023 low of $9.96 is considered low due to different market conditions than the 2022 crash. Analysts remain optimistic about SOL's future, predicting a rebound with new all-time highs in 2026 and viewing current prices as an attractive entry for long-term investors.