Solana price at a three-month low: will the $75 level hold?

Solana fell below the $80 mark overnight into Friday. At around 5:50 a.m. CET on November 13, one SOL cost $78.29, or €70.79, according to CoinGecko. That is a loss of 5.7 percent in 24 hours and the lowest level since mid-August. The trigger was not an event on the Solana network itself but the broad sell-off in the crypto market, in which bitcoin slipped below $70,000 and leveraged long positions were closed one after another.

For investors, this raises three practical questions: where are the next price levels, how dangerous is leverage given this price action, and what does the decline mean for their tax records? This article puts the figures into context and shows which levers you control yourself.

Solana at $78: the lowest level since mid-August

The range over the past 24 hours ran from $83.36 to $78.15, according to CoinGecko. Over the week, SOL has lost 12.7 percent, over the month 27.4 percent. Compared with its all-time high of $293.31 on January 19, 2025, the cryptocurrency now trades around 73 percent lower. With a market value of a little over $46 billion, Solana ranks seventh among the largest cryptocurrencies.

A daily close below today's level last occurred on August 19, at $77.00. A few days earlier, on August 17, the trading day ended at $74.55. This zone between $74.50 and $77 is therefore the next area where it will become clear whether buyers return.