What to Expect From Solana After the Recent 40 % Crash

AI-generated source summary

The analysis focuses on Solana (SOL) using a 4-hour chart and technical indicators. The price has experienced a significant decline, approximately 40%, from its previous May high. The current price is observed near a crucial Fibonacci retracement level, specifically the 50% mark at $62.42. An alternative analysis suggests a potential three-wave pattern in the corrective move, indicating that the market might be forming a wave C within the larger downtrend. The key resistance level to watch for a potential bullish reversal is around $100. If the price breaks below $62.42, it would invalidate the current bullish count and suggest further downside potential. The key levels for the next potential move are identified between $31.95 and $17.49, with the immediate support identified around $48.78.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   08 Jun 2026, 00:07 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   08 Jun 2026, 00:45 UTC

   The public source was preserved as the evidence record for this case.

3. Market predictions extracted

   08 Jun 2026, 00:45 UTC

   1 eligible signal linked to this case.

4. Source processing completed

   08 Jun 2026, 00:45 UTC

   Source analysis and structured extraction completed.

5. Outcome tracking started

   08 Jun 2026, 01:01 UTC

   Tahlil Plus began monitoring the extracted predictions.

6. First prediction resolved

   11 Jun 2026, 01:33 UTC

   The first evaluable outcome in this case reached a terminal result.

7. Case evaluation completed

   11 Jun 2026, 01:33 UTC

   All evaluable predictions in this case reached terminal outcomes.