$SOL
— Key Support Zone in Focus 🔹
Current Price Zone: $118 – $138.30
Analysis:
Solana has entered a major support zone between $118 and $138.30, where buying interest will determine the next move. Short-term reactions are visible, but momentum is still weak.
Scenarios to Watch:
White Scenario: The broader B wave may complete anywhere within this zone, potentially signaling a bottom and setting $SOL up to retest previous highs.
Orange Scenario: The recent bounce could be a corrective move, pointing to a deeper dip ahead. In this case, the final C wave might reach $81–$90, with the current upswing acting as an internal wave 4 rally.
Conclusion:
$SOL is at a critical decision point. A reversal is possible, but the Elliott Wave structure allows for one more downward push before a meaningful trend change. Watch the price action closely in this zone.
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