Analyst Who Called Solana’s 77% Crash Reveals New $SOL Price Targets

The ongoing bear market has not been pleasant for Solana holders. After peaking above $290, the $SOL price crashed to roughly $67 at its lows, which means a brutal 77% decline before stabilizing around the $80–$90 range today. For many investors who entered near the highs, the crash has been painful.

One analyst who claims he warned about the drop in advance is Crypto Patel, who shared a new chart outlining both the reasons behind the crash and what he believes could come next for Solana.

Solana Price: The $200–$250 Exit Call and the 77% Crash

In his recent post, Crypto Patel reminded followers that he previously warned about a potential top in the $200–$250 zone, when bullish sentiment around Solana was extremely strong and many traders were calling for $1,000 targets.

Looking at the chart, that region was marked as a major resistance zone, where price repeatedly struggled to break higher. Patel highlights this area as the point where the market failed to maintain bullish momentum and began forming a macro top.

From there, the decline accelerated sharply. Solana eventually dropped from around $295 to near $67, completing a 77% drawdown that wiped out much of the previous cycle’s gains.

The chart shows this decline stopping almost precisely at the 0.50 Fibonacci retracement zone, which Patel labels as a “support / entry” region. That area, roughly between $70 and $75, now appears to be acting as a critical technical level.

According to his analysis, the recent bounce above $72 indicates buyers are defending this zone, which could signal that the worst of the selloff may already be behind the market.

Solana Chart Analysis: The Key Levels That Decide What Happens Next

The most important level in Patel’s outlook is the $72 support area. As long as Solana holds above it, he believes bulls could regain control and potentially start building a new upward trend.

On the chart, the current region sits just above the 0.618 Fibonacci retracement near $52 and well above the deeper mid-range zone around $32, which served as the base during previous market cycles.

Patel notes that if the $72 level holds, the current structure could form the foundation for a trend reversal. That would allow Solana to gradually recover and eventually challenge the $200–$300 resistance zone again, which previously rejected price multiple times.

However, he also outlines a bearish alternative. If Solana loses the $72 support, the analyst expects the price to move toward sub-$50 levels, which he describes as his ideal long-term accumulation zone.

In other words, a breakdown could still create one more capitulation phase before the next major cycle begins.

Read also: ChatGPT Predicts The Price Of XRP And Solana If U.S.–Iran Peace Talks Succeed

$SOL Price Outlook: Long-Term Targets Still Point Much Higher

Despite the severe correction, Patel remains bullish on Solana’s long-term potential.

His Solana chart includes a projected path showing the possibility of a major expansion phase after the current consolidation period. In that scenario, Solana could eventually reach $500 and even $1,000+, representing a massive move from current prices.

The projection assumes that Solana successfully defends its current support structure and that broader crypto market conditions eventually turn bullish again.

For now, the market sits at a critical turning point. The $72 support zone will likely determine whether Solana begins a slow recovery, or whether another leg down still lies ahead.

Read also: Cardano (ADA) vs. Solana (SOL): Which Altcoin Could Outperform In 2026?

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