Solana Weekly Chart Spots Major Accumulation Zone as Fractal Pattern Reemerges – Blockonomi

TLDR: Solana has corrected 77% from the $295 peak, mirroring previous cycle retracement patterns. The $31-$48 zone corresponds to Fibonacci levels of 0.5 and 0.618 and the FVG demand. A breakdown below $31 could reveal a deeper retracement towards the $17 region. Fractal equation projects long-term goals between $500 and $1,000 if the cycle repeats. […]