The Trust Layer for Market Analysts

The analysis focuses on Solana (SOLUSD) on a 4-hour timeframe, noting that the price has reached oversold territory and is showing signs of a potential bounce. The current hypothesis suggests that the market might be in the process of forming a 'b' wave, with an ABC corrective pattern potentially leading to higher prices. The identified support levels are crucial for this bullish outlook, with a break below $75.53 invalidating the setup. Alternatively, a more extended bullish scenario is considered, where the current movement is interpreted as wave '1' of a larger uptrend, with subsequent waves (2 and 3) potentially leading to higher targets around $112-$123.