SOL Potential drops -55% to $131? Here’s Why

SOLUSDT might be forming another right shoulder of a W-bottom (light blue line). The target drop is around $131, which happens to be the mid-point (0.5) of the descending channel—a reasonable support level.

The first right shoulder has already formed, and its drop was exactly the same as the left shoulder—both at -47%.

However, the best-case scenario would be if it finds support at the upper boundary of the descending channel. Let's see if it can hold there.

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