Solana Drops to 2-Year Lows — History Suggests a Bounce Toward $100 is Incoming

Solana has slid to levels not seen in nearly two years, trading near $86 after broader market weakness pushed the token well below prior support zones. Despite the drawdown, early signs of stabilization are emerging and historical patterns suggest a recovery toward, and potentially beyond, $100 may be forming.

On-chain valuation metrics point to deep undervaluation: the Market Value to Realized Value ratio has fallen to a near two-and-a-half-year low, showing market value significantly below the aggregate cost basis of circulating tokens. Profitability data underscores the stress—only 21.9% of addresses are profitable, leaving roughly 78.1% of holders underwater—a level that has historically aligned with market bottoms as selling pressure eases.

Technically, SOL sits near the 23.6% Fibonacci retracement, a common bear-market support level; remaining above it keeps downside risk contained and raises the odds of a technical bounce.

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