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SOLUSDT
Entry 197.1300 2025-08-25 15:43 UTC
Target 175.7900
Fail 216.4400
Risk / Reward 1 : 1
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SOLUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
Body
The analysis focuses on Solana (SOLUSD) using Elliott Wave theory and Fibonacci retracements. The analyst is tracking two potential scenarios with no changes to the prior analysis. The key level to watch is $165.90; breaching this would alter the structure. Currently, there's a sell-off with upper support holding. A fifth wave up is still possible, and the support region discussed is still being maintained. There are two scenarios, the white and the yellow ones, a break below $192.39 could confirm the yellow scenario, which aims the lower support area between $180 and $165.90, also previous swing lows will be tested once more, before a possible move to the upside. A decisive break below $165.90 would likely invalidate the current wave count, while formal invalidation occurs at $156.24.
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