Solana (SOL) technical analysis

The price of Solana is positioned for multiple bullish breakout options. The Point and Figure image below shows a powerful short setup with a breakout below a triple-bottom. Furthermore, that short entry indicated the existence of a bull trap.

Combining those two factors creates one of the most potent Point and Figure combinations for a short entry. However, the expected sell-off has not yet materialized.

Nearest Support Zone is $175, then $150. The nearest Resistance Zone is $220, then $250.