Solana: Precision Landing?!

Solana extended its sell-off and reached our blue long Target Zone between $117.73 and $40.43. The price then reacted right at the $109.89 support level, indicating that the low of the green wave 2 has been settled. Thus, the next step should involve a strong rally driven by the green wave 3, ultimately pushing SOL well beyond the $295.31 resistance and past its current all-time high. However, our Target Zone remains active, as there is a 40% chance that the price could revisit this range to complete the blue alternative wave (ii) below the $109.89 mark.