⚠️ $SOL — The key support level is playing its role 🔹 Current range: 120-139 USD Analysis: Solana has fallen to the important support zone of 120-139 USD, and demand needs to be validated in this area. Some early rebound attempts have occurred on lower time frames, but currently, there is a lack of sufficient confidence and sustained buying power. 🚨 • White scenario: A broader B wave may end at any point within this area, suggesting that a bottom may form unexpectedly. This would create conditions for Solana to retest previous highs. • Orange scenario: The recent rebound seems more like a correction, indicating that prices may still have the potential to decline further. In this case, the final C wave may dip to 80-95 USD, while the current uptrend resembles an internal 4 wave rebound. $SOL is at a critical decision point. While the possibility of a reversal exists, according to Elliott Wave Theory, prices may still decline further before a significant trend change occurs. Keep a close eye on price movements within this area.
