SOLANA is finishing up its overall correction pattern, currently in a downward (corrective) wave (v) which has already its proper 1,2,3,4,5 in place (impulsive) and is currently in the subsequent ABC correction phase which “should” bring the price in the $35.33 “ish” zone.
As long as this set up is maintained (and we all know how changing this environment is!) possible alternatives in my opinion are:

SOLANA already hit its low @ 35.75 and will not go lower than that level,

SOLANA will hit its low peak somewhere between $35.75 and 35.33 and then initiate the long trip to recovery, and

SOLANA is still in for yet another lowest low, perhaps even in the $30 zone (less likely but technically possible, in the $20 zone) and ONLY THEN, initiate its way back.

What to look for?
watch $40 level and $35.75 level, both crucial in determining the trend and mood (with a close eye on “Father Bitcoin”) 😉