The analyst provides an updated technical analysis for Solana (SOLUSDT) on a 30-minute chart, observing a recent bearish breakdown after failing to sustain a breakout above 126. This downtrend was attributed, in part, to positive news (lower CPI and inflation data) serving as exit liquidity for large market participants. While Bitcoin and Solana have shown some bullish price action and increasing funding rates overnight, the analyst advises caution. Three critical factors are highlighted: the current day is a Quadruple Witching Friday, indicating potential high volatility. Solana has not yet reclaimed the significant technical level at 126, which would offer stronger confirmation for a bullish reversal. Furthermore, the price front-ran the previous year's value area low at 115, a level that could still act as a magnet. Despite a noted bullish divergence, suggesting a potential local bottom, the analyst recommends waiting for technical confirmation by observing a reclaim of the 126 level or waiting out today's volatility. The general expectation is for Solana to form a local bottom, potentially with a final dip to 115, followed by a bullish move towards targets at 133 and then 138. The actual market trend is bearish, with a predicted shift to bullish contingent on specified technical confirmations.