JITENDRA NAGAR
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$SOL
SOLANA looks cooked at this point! I'm expecting a massive 70%-90% correction here-any upside from here is just a dead cat bounce. After a +3600% run from the bottom, Solana needs a serious nap before it even thinks about running again.That’s a bold take, but not entirely unreasonable given how parabolic Solana’s run has been. A correction of 70-90% would bring it back to the $20-$50 range, which seems extreme but not impossible in crypto. If history is any guide, these massive rallies tend to get overextended before a brutal reversion.
The key question is whether SOL still has strong fundamentals to justify its valuation or if it's purely speculative hype. If it's just momentum-driven, then yeah, this could be the top. But if the network keeps growing and usage remains high, maybe the correction won’t be that deep.
SOLANA looks cooked at this point! I'm expecting a massive 70%-90% correction here-any upside from here is just a dead cat bounce. After a +3600% run from the bottom, Solana needs a serious nap before it even thinks about running again.That’s a bold take, but not entirely unreasonable given how parabolic Solana’s run has been. A correction of 70-90% would bring it back to the $20-$50 range, which seems extreme but not impossible in crypto. If history is any guide, these massive rallies tend to get overextended before a brutal reversion.
The key question is whether SOL still has strong fundamentals to justify its valuation or if it's purely speculative hype. If it's just momentum-driven, then yeah, this could be the top. But if the network keeps growing and usage remains high, maybe the correction won’t be that deep.
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