I think the ride with SOL has ended but who knows, this chart could be horribly wrong. I'm just paying attention to the fib levels and it seemed like SOL just topped. As I see a lot of overhang here it may tank or continue sideways. But I think I favor the tanking scenario with many bag holders left in the short term as size buyers sit on sidelines until dust settles down. Perhaps $80 a good level to reload.
Comment:
See if 166 is next. If so, then SOL could move back into the wedge. I still think the wedge is at play and this is someone holding the bid here with little volume. I currently do not hold SOLANA but may buy some if $80 is at play (yes, my target is $80 for SOL, but I could be horribly wrong. I hope this ages well).