Solana ($SOL
Market Update ๐จ
SOL has confirmed a breakout, successfully moving beyond its corrective price channel and maintaining upward momentum.
Key Levels to Watch:
Wave 2 Bottom: $155 (early August)
Immediate Resistance Reached: $182 (initial target for Wave 3)
Next Targets on the Upside: $185.60 โ $188.40 โ $192
Micro Support Zone: $169.40 โ $174.56
Lower Support Areas:
โโข $152 โ $140
โโข $109.89 โ $133.32
Bullish Outlook:
A 3-wave advance is underway, but confirmation of a 5-wave pattern featuring higher lows and higher highs would reinforce the bullish momentum.
Risk Levels to Monitor:
A drop below $169 could signal a deeper Wave 2 correction.
Falling under $152 increases the risk of revisiting Juneโs lows.
Mid-term Price Target (if Wave 3 continues): $360 โ $380
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