SOL seems to have topped out

Solana had a massive run. With current market movement it seems to have topped. Uptrend is broken on daily timeframe and is currently retesting the trend line. Bearish divergence can also be seen.

Having said that given the overall bullish crypto market situation, chances are this could be the Wave 1 of last Wave 5. In this scenario we could be heading down to 75-100$ before heading for Sub Wave 3 and Sub Wave 5.

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This idea is now invalid