BEARISH 📉 : Analyst Predicts Solana Price Decline to $50-$30 Range

Solana (SOL) Price Outlook by Crypto Patel

Crypto analyst Crypto Patel previously advised selling Solana near its peak at $250, which was followed by a decline to $67, marking a 77% drop.
Current analysis shows Solana testing the $85 level, aligning with the 0.382 Fibonacci retracement. This level is seen as weak due to a broader trend of lower highs.
If unable to break $85, Solana may fall to the $50-$30 range, considered a Fair Value Gap (FVG) accumulation zone based on historical demand and volume.
Historical patterns show Solana's price surges after long consolidation; in 2021, it rose over 24,234%, followed by a 97% decline.
In 2024, Solana experienced a 3,699% surge to around $295, with an anticipated correction of 89.44% expected by 2026.

Solana

Long-Term Projections

Despite short-term bearish predictions, long-term projections remain bullish.
Post-correction, Solana could target $500-$1,000 by 2027, indicating a potential rise of 3,103%.
By late 2029, the analyst predicts Solana may reach $10,000, with a significant rally to $9,270, implying a 27,660% increase.

Solana