$SOL has now entered a key support band between $118 and 138.30 a critical zone where the market needs to show real demand. On the lower timeframes, we’re starting to see the first signs of a possible reaction, but nothing confirmed yet.
Structurally, the pullback still fits within an A–B–C correction under the orange scenario, with wave C potentially unfolding in five legs. If that plays out fully, the final leg could still extend into the 81–$90 range before a more sustainable reversal takes shape.
Solana is clearly at a decision point. While support is being tested, the wave structure leaves room for one more dip before a real trend shift can develop.
