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only those who stay will get rich with the $SOL will enjoy and comment
The Era of Solana ($SOL) Has Come to an End
Solana ($SOL) was the best altcoin of 2023-2024, delivering an impressive gain of 30x from its low, even during what many consider a false rally in crypto. This rally was not a true bull run, as a real one usually occurs alongside a drop in the DXY (Dollar Currency Index). However, this time, Bitcoin and Solana surged in parallel with the dollar, absorbing most of the market liquidity. When the real bull run arrives, this liquidity will likely be redistributed.
Technical Analysis: A Bearish Perspective
The current technical structure of Solana looks weak:
Solana has completed a full Elliott wave cycle of 5 waves and is now forming an ABC correction.
Wave A is in progress, consisting of 5 smaller waves.
