Solana (SOL) | Elliott Wave Educational Outlook
SOLUSD is currently trading within a higher-timeframe Wave (2) corrective phase, while the internal structure suggests the development of an impulsive internal Wave (3) from the broader bottom range.
The $95–$100 zone represents a potential demand area, but this should be viewed as a range, not an exact bottom.
Markets rarely respect precise levels, and price can temporarily move below this zone before the structure fully stabilizes.
Educational context:
Catching exact tops or bottoms is unrealistic
Elliott Wave works on zones and probabilities, not precision
Structure remains valid as long as major support holds
If the cycle continues to unfold as expected, the broader structure still allows for a future Wave (5) expansion, with Fibonacci extensions pointing toward the $550 region over the macro cycle.
⚠️ This is a cycle-based technical projection, not a prediction or signal.
Risk management and patience remain essential.
