The crypto analyst who warned Solana traders to sell near the cycle top at $250 is back with a new outlook after the market validated his earlier call. Crypto Patel says the decline in SOL’s price following his $200-$250 exit zone has now created the conditions for a new long-term opportunity, but only if another key level gives way. In a recent post on X, Crypto Patel reminded community members that when Solana was trading near its peak between $250 and $200, most investors were projecting a run to $1,000. The price then reversed from a high around $295 to around $67, marking a 77% drawdown from the top.

Now the analyst notes Solana is testing the $85 level, which corresponds to the 0.382 Fibonacci retracement on the chart. This zone has acted as temporary support; however, it remains structurally weak given the broader trend of lower highs since the peak. The analyst suggests that if Solana fails to break $85, its price could slide into the $50- $30 range, extending its decline over the past two years. He has labeled this area as a strong Fair Value Gap (FVG) accumulation zone based on historical demand and volume behavior.

The accompanying chart also maps prior expansion phases in which Solana surged by thousands of percent after long consolidation periods. In the 2021 bull cycle, price rallied by more 24,234.55% and then declined by 97.01% the following year. Crypto Patel’s current projection places Solana in a similar expansion and corrective phase. Despite the bearish short-term outlook, Crypto Patel has not abandoned his long-range bullish projections for SOL. He maintains that once the corrective phase is complete, Solana could still target the $500– $1,000 range. His chart projects a sharp upward surge toward the $1,000 level by 2027, representing a massive 3,103% surge. Going further, the analyst also shared his bullish price projection for Solana by late 2029. He expects that once the price hits $1,000, SOL could rally strongly and steadily toward $10,000. He has marked $9,270 as the next long-term target, reflecting a rally of approximately 27,660%.

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