There have been many posts lately speculating that SOL's price will plummet to $9, which prompted me to share my own analysis and some key facts to consider, providing a more balanced view of the situation.
Itโs very unlikely that SOL will drop to $9 again, unless thereโs a major black swan event. Hereโs why:
๐ผ Why a Drop to $9 Is Unlikely:
1. Strong Recovery: SOL has bounced back hard from its 2022 lows (around 8โ10) and built strong momentum through 2024โ2025.
2. Network Growth: It now supports major DeFi, NFT, and gaming apps. Activity is high.
3. Improved Stability: Fewer outages, better tech, and broader adoption.
4. Investor Confidence: Big players and institutions are showing renewed interest.
โ ๏ธ What Could Push It That Low (Very Unlikely Scenarios):
- Major Security Breach or Network Failure
- Collapse of Key Exchanges or Projects (like FTX in 2022)
- Severe Global Market Crash or Crypto Ban
๐ฏ Realistic Downside?
If a correction comes, a drop to 60โ90 range is more realistic โ not $9 โ and even that would likely be short-term in a healthy market.
Bottom line: A drop to $9 is highly unlikely without an extreme, unexpected event. Current fundamentals donโt support that kind of fall.
