Solana’s price has declined by around 43% since its January peak. The asset reached $293 on Jan. 19 before falling as low as $163 by Feb. 18, its lowest price since Nov. 2024.

In November, SOL advanced from $163 on Nov. 6 to $264 on Nov. 21 before retracting to $169 by Jan. 13. A sharp rebound then pushed prices upward, only for subsequent volatility to drive levels back toward the mid-$100s amid multiple memecoin rug pulls and value decline.

Solana recovered from a multi-year low of $7.90 in December 2022 after reaching $257 in November of the previous year. The decline was attributed to regulatory pressures and litigation following the FTX collapse and Coinbase lawsuits.

Renewed investor interest coincided with the January 2024 Bitcoin ETF launch, as SOL stabilized near $100 before surpassing $200 in March 2024 and fluctuating between $205 and $110 through most of the year. A surge in activity driven by memecoin platforms such as Pump.fun in November 2024 contributed to the pronounced volatility observed in recent weeks.

Solana is currently around a key support level, which was last touched at the start of 2025. Before that, the digital asset was in a downward pattern but had not seen lows of $163 in over a year. The next historical support levels appear to be around $152, $122, and $79.

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