Analysis

Solana shows a bearish bias after a pullback reached resistance at 98.386. Short entry at 84.1 targets 55.872 while invalidation sits at 98.386.

Price completed wave (3) at the February low. An ABC zigzag then developed upward as wave (4) into the May high. With the correction finished, wave (5) has started toward the target at 55.872, and a breach of the wave (4) high at 98.386 would negate the count.

Wave: (3)-A-B-C-(4)-(5)