Looking at Solana's current trajectory, it remains within its long-term upward channel since October 2023, which is a positive indicator. However, the coin is at a critical juncture. Following a double top in March, it dipped to the channel's bottom, then experienced a lower high. Whether Solana maintains its position within the channel is pivotal, especially given the overall market's weakness. If it breaks below the channel, we could witness tests at resistance levels of $118 or even $84, potentially leading to significant volatility. On the other hand, if it holds within the channel, Solana needs to establish a higher high before retesting the middle band becomes viable. As for trading strategy, I advocate observing Solana's performance closely at this juncture rather than entering a trade immediately. I'll be monitoring closely and deciding once one of the outlined scenarios unfolds. I'd love to hear your insights on this matter as well.