The Trust Layer for Market Analysts

Solana is currently consolidating sideways, holding above its micro support area which started on February 6th. There's a possibility of further upside if we are dealing with a blue count. I'm tracking two bullish scenarios here on the shorter timeframe. The current price action suggests the potential for a three-wave pattern (ABC) or a five-wave pattern, depending on whether the support levels hold. If the market breaks below the support area at $82.64, it could lead to a further decline. Conversely, holding above this level and the $96.25 level could signal a move towards higher prices, potentially completing the wave count.