SOLANA seems busy at the moment! I'm expecting a massive 70%-90% correction here - any rally from here is just a dead cat bounce. After a +3600% run from the bottom, Solana needs a serious nap before she can even think about running again. That's a bold move, but not entirely unreasonable given the parabolic impact that Solana's run has been. A 70-90% correction would bring it back to the $20-$50 range, which seems extreme but not impossible in crypto. If history is any guide, these big rallies tend to go on too long before a brutal reversal.
The key question is whether SOL still has strong fundamentals to base its valuation on or whether it is purely speculative hype. If it's just driven by momentum, then yes, this could be the top. But if the network continues to grow and usage remains high, the Fix may not be as deep.
