Solana is on its own wave 5 in the 4-hour time frame
Currently, Solana is at the bottom of its short-term ascending channel and can correct up to the $38 range.
The support range of $20 can be the completion of the 5-downward wave or a part of this wave.
Solana can experience a price drop by forming the AB=CD harmonic alcove up to the support range of $20.
With the explanation that the wave BC has been able to correct 0.5 degrees of the wave AB and the length of the CD wave can correct up to 2 degrees of the BC wave that the support range of $20 overlaps with the completion of the CD wave.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.