So you think Solana will drop more?

Solana ($SOL ) has seen a small bounce today, but looking at the latest market structure, the charts suggest that we may not have seen the final low just yet.
🔎 Short-Term Structure on Solana
On the shorter timeframe, Solana appears to be in the middle of a C-wave decline. Here’s the breakdown:
We had an initial three-wave move down (Wave A)
Followed by a three-wave corrective bounce (Wave B)
And are now tracking Wave C to the downside
Typically, Wave C mirrors Wave A in length, and sometimes even extends beyond.
📊 Key Fibonacci Levels to Watch:
$158 – $171.50 → Primary support zone
$174.20 → Additional support (confluence with previous swing low)
$165.94 → Critical level (78.6% retracement). A decisive break below here would be bearish.

📉 Trendline & Wedge Pattern
On the higher timeframe, Solana is still respecting a long-standing trendline, though it isn’t perfect since it cuts through a wick on the daily chart. Still, with three touch points, it’s something worth monitoring.
This trendline aligns with the wedge pattern and could provide support in the short term.

What Confirms a Low?
At this point, we don’t yet have confirmation that Solana has bottomed. But here’s what to watch:
First Early Sign → A break above $190 resistance
Stronger Confirmation → A break above the Wave B high
Until then, the C-wave may still need one more low to complete.