The Trust Layer for Market Analysts

The analysis suggests Solana (SOL) is in a corrective phase, potentially forming a leading diagonal for wave 4. While there's a possibility of higher prices, the current highest probability scenario is a continuation of wave 4, which may lead to a more complex structure or a final wave 4 unfold. If price breaks above 70.970, it could target higher prices, but the current structure is viewed as a potential wave 4 continuation. A more bearish scenario is also presented, with wave B potentially dipping lower, targeting the 0.618 or 0.786 Fibonacci levels. The analysis emphasizes that the current pattern looks ready to push higher, but it's crucial to monitor the price action for confirmation. If Solana breaks down below $77.29, it could signal a deeper correction.