As you can see on the chart, Solana put a lot of energy into moving from $19.13 in the second cycle to $216 in Fibonacci 4.618, and now she needs to get some rest. The interesting point about Solana is that in each cycle, always from the main bottom she finally finds herself in the price area of Fibonacci 4.618, and according to the strength of this ecosystem, it is expected to do the same in the third cycle. According to this analysis, if Bitcoin get back to the $37K support area and if this potential support is lost, Solana is expected to return to the $58.38 price area to form a new bottom, which is a great area to fill our baskets from this gem coin. If this new main bottom is registered, as you can see on the chart, for the third cycle, I expect Solana to return to the Fibonacci price range of 4.618 and rise to around $786.27 after the start of the new uptrend. Eventually, as always, everything will be affected by bitcoin changes.
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