{"id":36313,"date":"2026-02-20T00:00:19","date_gmt":"2026-02-20T00:00:19","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=36313"},"modified":"2026-02-20T00:00:19","modified_gmt":"2026-02-20T00:00:19","slug":"this-analyst-predicted-solana-sell-off-at-250-and-is-back-with-a-new-prediction","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=36313","title":{"rendered":"This Analyst Predicted Solana Sell-Off At $250, And Is Back With A New Prediction"},"content":{"rendered":"<p>The crypto analyst who warned Solana (SOL) 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\u2019s 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. His latest chart frames<a href=\"https:\/\/www.newsbtc.com\/analysis\/solana-sol-trades-heavy-below-90\/amp\/\" target=\"_blank\" rel=\"noopener \"> Solana\u2019s price action<\/a> as a repeatable cycle of euphoric expansion and sharp correction before the next major rally.\u00a0<\/p>\n<h2><b>Crypto Patel Shares New Solana Price Prediction\u00a0<\/b><\/h2>\n<p>In a recent post on X, Crypto Patel<a href=\"https:\/\/x.com\/cryptopatel\/status\/2023781986431615092?s=46\" target=\"_blank\" rel=\"noopener nofollow\"> reminded<\/a> community members that when Solana was trading near its peak between $250 and $200, most investors were projecting a run to $1,000. Instead, the price reversed from<a href=\"https:\/\/bitcoinist.com\/solana-price-persists-within-ascending-channel\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"> a high around $295<\/a> and collapsed to near $67, marking a massive 77% drawdown from the top.\u00a0<\/p>\n<p>Related Reading: <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin-ethereum-solana-prices\/\" target=\"_blank\" rel=\"noopener \">Here\u2019s Why The Bitcoin, Ethereum, And Solana Prices Are Still Crashing Hard<\/a><\/p>\n<p>Now, the analyst is presenting a new outlook, warning of a potentially similar decline in Solana\u2019s price this cycle. He notes that<a href=\"https:\/\/www.newsbtc.com\/analysis\/solana-sol-pressured-80\/amp\/\" target=\"_blank\" rel=\"noopener \"> Solana is now testing the $85 level<\/a>, which corresponds to the 0.382 Fibonacci retracement on the chart. The zone has acted as a temporary support; however, it remains structurally weak given the broader trend of lower highs since the peak.\u00a0<\/p>\n<p>The analyst suggests that if Solana fails to break $85, its price could slide into the $50- $30 range, extending its <a href=\"https:\/\/www.newsbtc.com\/altcoin\/can-solana-price-still-reach-a-new-ath-after-crashing-to-2-year-lows\/amp\/\" target=\"_blank\" rel=\"noopener \">decline over the past two years<\/a>. He has labeled this area as a strong<a href=\"https:\/\/bitcoinist.com\/multiple-opportunities-of-solana\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"> Fair Value Gap (FVG)<\/a> accumulation zone based on historical demand and volume behavior.\u00a0<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-large wp-image-882739\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/02\/Solana-chart-from-Crypto-Patel.jpg?w=512&amp;resize=512%2C270\" alt=\"Solana\" width=\"512\" height=\"270\" loading=\"lazy\" \/><\/p>\n<p>The accompanying chart also maps prior expansion phases in which Solana surged by thousands of percent after long consolidation periods. In<a href=\"https:\/\/bitcoinist.com\/solana-sol-jumped-from-1-50-to-259-ath-in-2021-experts-reckon-this-under-0-10-altcoin-could-replicate-the-same\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"> the 2021 bull cycle<\/a>, price rallied by more 24,234.55% and then declined by 97.01% the following year. Crypto Patel\u2019s current projection places Solana in a similar expansion and corrective phase.\u00a0<\/p>\n<p>The cryptocurrency has already experienced its expansion stage in 2024, when its price jumped by more than 3,699% to a peak of around $295. Now the analyst predicts an<a href=\"https:\/\/www.newsbtc.com\/news\/solana-loses-key-support-risks-major-correction\/amp\/\" target=\"_blank\" rel=\"noopener \"> upcoming correction,<\/a> where price is expected to decline by a whopping 89.44% in mid 2026.\u00a0\u00a0<\/p>\n<h2><b>Long-Term Targets Remain Intact Despite Correction<\/b><\/h2>\n<p>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,<a href=\"https:\/\/www.newsbtc.com\/news\/solana\/solana-reach-500-bull-run-end-crypto-analyst\/amp\/\" target=\"_blank\" rel=\"noopener \"> Solana could still target the $500<\/a>\u2013 $1,000 range. His chart projects a sharp upward surge toward the $1,000 level by 2027, representing a massive 3,103% surge.\u00a0<\/p>\n<p>Related Reading: <a href=\"https:\/\/bitcoinist.com\/xrp-solana-secure-inflows\/\" target=\"_blank\" rel=\"noopener nofollow\">XRP, Solana Secure Inflows As Institutions Move $1 Billion Out Of Bitcoin And Ethereum<\/a><\/p>\n<p>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%.<\/p>\n<p><img decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/nDEjkbIh\/\" alt=\"Solana\" width=\"2108\" height=\"1628\" loading=\"lazy\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>The crypto analyst who warned Solana (SOL) 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\u2019s price following his $200-$250 exit zone has now created the conditions for a new long-term opportunity, but only if [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":36314,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[46],"tags":[],"class_list":{"0":"post-36313","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-altcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>This Analyst Predicted Solana Sell-Off At $250, And Is Back With A New Prediction - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=36313\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Analyst Predicted Solana Sell-Off At $250, And Is Back With A New Prediction - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The crypto analyst who warned Solana (SOL) traders to sell near the cycle top at $250 is back with a new outlook after the market validated his earlier call. 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