Solana Price News Today - SOL Elliott Wave Price Technical Analysis, Price Update!
1 extracted signal · 1 resolved · 0 still active
More Crypto Online09 Oct 2025, 22:13 UTC
AI-generated source summary
The analysis focuses on SOLUSD. The analyst is tracking two potential scenarios based on Elliott Wave theory: a white count and an orange count. The critical level to watch is $217.40; a break below this level would increase the likelihood of a deeper pullback towards a lower support area. If the price holds above $217.40, the market may attempt a direct move higher. The analyst states that the prior scenario discussed in previous days is now less likely due to the new price action. A broader wave two or wave B is possible but wouldn't change the overall scenario. The analysis notes a double bottom structure that suggests a lower low is probable. The Fibonacci extension is used from the A wave's low to the B wave's high to project a C wave target of $179. The analyst also notes that if the price holds above $199.90 the orange count has a chance but requires a break of 217.
AI-generated summary based on the source content.
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