Solana Tests 0.618 Level As Chart Signals Deep Move Toward $41

Solana now trades under the 0.618 line, and the chart shows a steady pattern that points toward a slow drift into lower zones.

The key support line sits near the mid-range and a clear break forms a path that guides the price into deeper areas of the chart.

The projected drop shows lower steps that move through $90 and later toward $54 and then reach the region near $31 on the far side.

Solana trades near $131 as the chart shows a break under the 0.618 level, while the price now moves toward a key support zone that sits near the mid-range of the multi-year structure.

Chart Shows Clear Breakdown After 0.618 Rejection

The chart presents a strong rejection near the 0.618 Fib retracement level. That level sits near the upper region where the price turned after a brief test. The rejection formed a red arrow on the chart, which marks the turning point of the move.

Solana then moved through the 50-week moving average, which is drawn as a curved purple line. The chart shows earlier sell signals near that same moving average in the past cycle. Each time the price crossed below it, the market formed a deeper decline shortly after.

A black horizontal band labeled “key support” now serves as the main line that traders observe. The price sits above that line yet moves closer with steady downward pressure. The blue projected path moves through this support and continues lower into several marked price zones that appear on the right side of the chart.

Historical Structure Shows Strong Importance of Key Support

The chart shows that the key support line served as the base in earlier moves. After the mid-2023 decline, Solana used that level as the launch point for the long rally into 2024. That rally peaked near the rising dashed trend line and formed a clear top structure.

As the price returned to the same support line during 2025, the chart again reacted. A green tick mark appears near the last bounce where Solana tried to regain the 0.618 level. That attempt failed, and the price turned down again. The red tick marks show where earlier tests also failed to hold above strong technical lines.

The 50-week moving average remains at a downward angle relative to the current price position. The earlier cycles show that when the price holds below that average, a longer decline often forms. The chart now presents the same alignment with signs that the broader trend shifts for the next period.

The projection on the chart shows a path that first meets the support line before breaking through it. After the break, the path travels toward $90 before continuing through $54 and then toward $31. Each step forms a lower mark that fits into the larger downward model drawn in blue.

Projected Path Shows Multi-Step Decline Into 2026

The right side of the chart shows the most extended view. The decline follows a line that shifts between several points over a long period. This path enters at $90 before sliding lower into the next area near $54. After that zone, the line continues with a slow downward move toward $31.

These steps match the long-term shape of the move, which shows a large, rounded structure forming under the 0.618 level. The support line acts as the doorway for the next stage. If the line breaks with force, the chart implies heavy pressure through the second half of 2025.

As price continues to press downward, the question forms for observers of this structure: Can Solana hold its key support line before the projected drop shapes the next major move?

The chart ends with the extended path reaching the $31 region, which sits near the lower area of the wide multi-year range.