$SOLUSD's bull run = done until 2025, back to $50 or belowAs you can see from the chart, price has hit the top of the structure and has begun to reject off of it on the 2D timeframe. I think this is the start of a much larger move down for Solana.
I think it's likely that from here, Solana goes to test the $51 region at a minimum. If it can bounce there, then it's likely that it'll come back up to the top of the structure and break it.
However if it can't, then I think it's likely to continue down to the lower supports before bouncing and we'll see a longer accumulation before we see a breakout.
I lean towards altcoins going down/being in an accumulation phase until Jan - March 2025 then seeing a large move after that.
Once the structure breaks to the upside, initial target is $750.
Would be an amazing trade to accumulate at the lows should this play out.
Let's see what happens over the next 6-12 months and beyond.