Solana Price News Today - SOL Elliott Wave Price Technical Analysis, Price Update!
1 extracted signal · 1 resolved · 0 still active
More Crypto Online16 Oct 2025, 05:28 UTC
AI-generated source summary
The analysis focuses on Solana (SOL) against USDT, using a 4-hour timeframe. The current market trend is identified as bearish, but the analyst suggests a potential bullish reversal. The key support zone is identified between $180.38 and $185.17, with a critical resistance level at $224.95. The analyst hypothesizes that if SOL holds support around $180.38-$185.17, it could initiate a third wave upwards, potentially targeting $191.91 (100% extension of the prior C wave) or even higher towards $210.88 (previous resistance). The failure for this bullish scenario would be a break below the $180.38 support level, invalidating the expected upward move and suggesting further downside. The analysis highlights the 38.2% Fibonacci retracement level at $195.62 and the 61.8% level at $180.17 as significant areas to watch for potential support or resistance in upcoming price action.
AI-generated summary based on the source content.
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