Solana Weekly Chart Signals Key Accumulation Zone as Fractal Pattern Reappears

TLDR:

• Solana has corrected 77% from its $295 peak, mirroring past cycle retracement patterns.
• The $31–$48 zone aligns with 0.5 and 0.618 Fibonacci levels and FVG demand.
• A breakdown below $31 may expose deeper retracement toward the $17 region.
• Fractal comparison projects long-term targets between $500 and $1,000 if the cycle repeats.

Solana’s weekly chart shows a deep retracement from its all-time high, with price now trading near critical Fibonacci levels.

Market observers are watching the $30–$50 range as a possible accumulation zone ahead of the next cycle.

Fractal Structure and Historical Price Cycles

The weekly SOL/USDT perpetual chart on Binance tracks two major bull cycles followed by sharp corrections. The first cycle saw Solana rally from $1.07 to about $260 between 2020 and 2021. That move represented a gain of more than 24,000%.

After that surge, the price corrected nearly 97% to around $7.78. The second cycle followed a similar pattern. Solana climbed from $7.78 to roughly $295, recording a gain near 3,700%. It then entered another prolonged correction phase.

Crypto market analyst Crypto Patel shared a fractal comparison on X, noting the current 77% decline from the all-time high. The post compared the present structure to the previous cycle’s deep retracement.

The tweet stressed that past fractals do not guarantee future results and urged traders to manage risk.

At the time of analysis, SOL trades near $83. The chart shows that previous parabolic advances followed extended consolidation phases. This repeating structure forms the basis of the current long-term outlook.

Fibonacci Levels and Accumulation Zone in Focus

The chart shows key Fibonacci retracement levels based on the recent high of $295. The 0.382 level stands at $73.66, while the 0.5 level is near $47.96. The 0.618 level sits around $31.22, aligning with a strong area of demand.

A Fair Value Gap zone is identified between $31 and $48. This range overlaps with the 0.5 and 0.618 retracement levels. Traders often view such a confluence as a potential accumulation region during corrective phases.

If price holds above the 0.618 level, consolidation within this band may continue. However, a break below $31 could open the path toward the 0.786 retracement near $16.95. That level represents a deeper correction scenario.

The projected path on the chart outlines a possible rebound toward $100 and $150 in the medium term. Over a longer horizon, the fractal comparison points to potential targets between $500 and $1,000. These projections rely on historical cycle behavior rather than guarantees.

For now, market participants are tracking whether Solana stabilizes within the $30–$50 range. The coming weekly closes may determine whether the current structure transitions into a base for the next upward cycle.