Weโre at major support for SOL/$ at 222 with additional strong support at 209 and 202. Stock RSI on the daily has reached its bottom and RSI on the daily sitting at support at 49. The pullback and consolidation could last a few more days, but everything has pretty much reset and Solana should soon be ready for new upward movement. SOL/BTC is forming a massive pennant with an upside target of 0.0052 BTC which would be close to 500 $ at current BTC/$ price (95K)
You have to look at the different projects/coins in terms of their performance against btc. Solana is by far the best performing large cap project, close to its ATH against BTC. Also Solana already made a new ATH against USD. The project has fantastic fundamentals (more usage than ETH).