Does Sol still have a chance?

From the candlestick chart, his current trend is very typical, forming a common ascending flag pattern. This usually occurs after a significant rise, followed by a consolidation. Previously, Bitcoin also had a similar trend from April to October, but that was in a much larger price range.

So, with Sol rising from 120 to over 260, a 20% pullback is still considered normal. If you prefer to play it safe, you can enter on the right side of the trade, waiting for it to confirm a breakout above the descending trend line before entering long, which might be a more stable approach.

Additionally, Bitcoin is breaking its previous high again, and there is a good chance it can stabilize. Let's see if the funds entering the market tonight on Wall Street can push it up again.