momentum In Solana, the next few days will be especially important as the chart compresses as it approaches two key decision points. With a deeper correction target in the macro frame and a popular support zone in the midrange, SOL is poised for a move that could form the next big trend.
This wave is complete as Solana hints at a bigger rebound
Elliott Wave Academy offers something new perspective SOL focuses on weekly time frames. According to our analysis, SOL appears to have completed its ascent waveidentified as wave (1)/(A) within a broader bullish structure. This recent break below an important level supports the view that a deeper correction phase may already be underway.
Based on wavenumber and Fibonacci measurements, the correction is expected to widen towards the $49.26 to $32.03 range, which is consistent with the 50% to 61.8% retracement levels. If SOL reaches this area, a clear correction pattern combined with a strong pullback will help validate the broader issue. bullish This paper suggests that buyers are re-entering with confidence. Price movements within this zone will be important in determining the next big swing.
If this scenario plays out as expected, there will be a decisive happen A break above a previously breached key level will confirm new upward momentum. However, a breakout of the $8.00 level would completely invalidate the bullish outlook and signal a more serious structural change.
When the price is compressed into a tightening structure, the SOL coil will shock
According to recent information, update CryptoPulse’s Solana has a textbook technical setup. The current structure is tightening and showing reduced volatility, indicating that a decisive move may be on the horizon. With the integration of SOL, the charts are starting to align with key technical levels.
Key zones highlighted are $133 support levelan area that previously served as a reliable reaction point for buyers. True partnerships, continuous development and increased on-chain activity are all further strengthening this technology zone.
When you consider this confluence, your strategy becomes clearer. The idea is to let the price revisit the $133 area and see how the market reacts. If buyers actively intervene to form a wick, engulf a bullish candlestick, or form a strong volume spike, this could indicate that the level is holding again.
CryptoPulse values patience above all else. Instead of chasing the market, look at the charts. When both fundamentals and technicals point to the same area, it often increases the likelihood of a strong follow-through. Acting on confirmation rather than prediction is the key to establishing a strong position in your industry. set up Like this.
