The analyst discusses a recent crash in Solana's price, noting a 25% decline after reaching a high around September 18th, at the 100% extension level. He compares this to a similar decline of approximately 30% from a May high. The analysis suggests that such declines are not uncommon in crypto markets, particularly during bull phases. The target is the 78.60% extension which is 172.74 and the analysis would be invalidated if the price reaches 254.00.