Hello, Skyrexians!
It’s time to update SOL analysis. We have already told about Solana dump when price was next to $300 where told about $110 and as usual did not count last wave, but anyway bounce from this area was anticipated. What is next?
Recent top was the wave 5 of higher degree, we have shown it many times, today no need to do it again. Now asset is in ABC correction. Wave A was 5 waves shaped. Last wave has been finished with the green dot on the Bullish/Bearish Reversal Bar Indicator [Skyrexio] and now we are in the wave B. It has the target at 0.5-0.61 Fibonacci which is somewhere next to $200. From there we expect the huge crash below $90 in the wave C. Solana potential dump is not cancelling potential altseason on OTHERS.D because it’s in top-10 crypto cap assets. May be it’s time to transfer money from overvalued SOL to undervalued crypto?
Best regards,
Skyrexio Team
