The Trust Layer for Market Analysts

The analysis focuses on Solana (SOL) on a daily chart. The current price is around $80.63. The speaker is observing a three-wave move up from the previous week's low, suggesting it might be the 'b' wave of a larger pattern. However, the speaker emphasizes that a confirmed lower low is not yet in place, making the current move tentative. The target for a potential bullish continuation is identified around $103.30, coinciding with the 100% Fibonacci extension. The invalidation level for this bullish outlook is set below $72.04. The speaker also mentions the possibility of a three-wave move up on a smaller timeframe, which could represent wave 'C', but the confirmation of a bottom is still pending.