Solana Fell 65%. The Chart Says This Pain Has More to Give
The post Solana Fell 65%. The Chart Says This Pain Has More to Give appeared on BitcoinEthereumNews.com. Solana is down 65% and analysts say the real bottom is nowhere close. Key Fibonacci levels, fair value gaps, and weak volume point to SOL falling toward $20-$32. Weekly volume on Solana has dried to $2.3 billion. For context, the peak was roughly $6 billion back in May 2025. That kind of drop-off should feel reassuring. It does not. According to MooninPapa on X, Solana is down 65% from its high and the real bottom has not yet formed. In a detailed video breakdown, he walked through the full bearish case, touching on broken long-term support, Fibonacci targets, and fair value gaps that still want filling. The weight of evidence, in his words, stays bearish. The Support Line That Held for Years Just Snapped Draw a line from Solana’s December 2020 low to its December 2022 low and the price respected it twice, in June 2023 and again that September. It felt structural. Then November 2025