$SOL (daily chart) - Rising WEDGE breakdown has continued. SOL / TetherUSBINANCE:SOLUSDTColdBloodedCharterSOL daily chart Generally crypto looks weak at the moment and I’m not a fan of buying before autumn, to be honest. BTC looks weak, ETH even weaker and #Solana is another large cap coin that despite big drops can still have another few dozen % down in the next few months. A breakdown from the rising wedge is in progress, target $55. Major support is around $75, losing this level increases the chances of discount prices in the $50 - $60 range even more. This range is what interests me for accumulation, I can wait, it’s one of the few crypto assets that will be back in my portfolio during the next bull run. It’s worth remembering that most of the year Solana has been trading in the $75 - $98 range (marked as an orange rectangle), so this is either no trend or a sideways market. A breakdown downwards or a breakout upwards will tell us the direction. In my opinion, breaking above $100 will be harder, there is a rising green 200 MA at $104... I would rather short a third attempt at breaking $100 than play for upside, in summer there is no chance. The only thing that interests me here is the location of the bottom, so I’m setting alerts at $60 and $70, calmly. Either cheap or nothing. 💙👽