Solana Price News Today - SOL Elliott Wave Price Technical Analysis, Price Update!
1 extracted signal · 1 resolved · 0 still active
More Crypto Online05 Oct 2025, 00:50 UTC
AI-generated source summary
The analysis focuses on Solana (SOLUSDT) using Elliott Wave theory on a 4-hour timeframe. The overall idea is that the market formed a five-wave move down from the 18th of September high, followed by a corrective rally. The analyst identifies an A-B-C corrective pattern and considers the potential completion of a B wave. He identifies support between $219.75 and $227, suggesting that as long as the price holds above $219.75, the door remains open for higher prices. The analyst highlights resistance levels on Bitcoin and other cryptocurrency charts and notes the possibility of another extension to $245.38. The analyst suggests monitoring the support levels in the specified zone for bullish signals. Downside momentum, in the form of a three-wave move down, is being watched.
AI-generated summary based on the source content.
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Signals in this source
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