Solana bottoming out!

As per my last two analyses on Sol, the price is now flirting around with the actual bottom for the current cycle (117) and a local support (~140). Closing the daily above 150 would be a strong confirmation of bottoming out for the bulls and can push Sol towards the marked zones. The current formation allows for great risk:reward and should be waited out to complete.

The bearish scenario would be in play, as always, if BTC loses 40k which results in the entire crypto market setting new lows. Tread catiously and don't get rekkt!

The last bullish analysis on Sol:

The first bearish analysis on Sol:

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