The Trust Layer for Market Analysts

The analysis focuses on Solana (SOLUSD) using a 1-hour timeframe. The current price is $103.28. The short-term outlook suggests a bearish trend. The primary target for a potential fifth wave of the corrective cycle is identified at $81.33. The invalidation level for this bearish outlook is set at $107.43, which represents a weak resistance zone. The analyst emphasizes caution due to the presence of minor fluctuations and the difficulty in definitively confirming the wave count on the lower timeframes. The immediate focus is on the price holding below the $107.43 resistance to maintain the bearish bias, with further downside expected.