SOL Reaches Wave B Target as Chart Signals Downward Trajectory Towards Wave C

Solana (SOL) has reached the anticipated Wave B target on its chart. This aligns with a projected Wave C decline towards the 0.886 Fibonacci retracement level, signaling potential weakness ahead. The chart’s analysis suggests these movements are driven by expanding DeFi applications and increasing institutional investments. The observed RSI divergence in the price action further reinforces this bearish expectation.