This video provides a professional Elliott Wave and technical analysis of Solana (SOL), focusing on current price structure, main support and resistance levels, and both bullish and bearish possibilities. The goal is to give viewers a clear, educational overview of Solana’s market outlook.
1 extracted signal · 1 resolved · 0 still active
More Crypto Online07 Nov 2025, 08:45 UTC
AI-generated source summary
The analysis focuses on Solana (SOLUSD) using Elliott Wave principles on the 1H timeframe. It identifies a micro support zone between $149.68 and $156.82, noting a slight reaction upward from this level. The video suggests two possible scenarios: a C-wave formation that could lead to a bounce towards an upper resistance around $179.75, potentially forming a B-wave bounce. However, the move upwards is seen as a corrective three-wave move. Alternatively, it foresees a potential ABC structure leading to a C-wave decline. The analyst emphasizes that unless the price breaks above the $179.75 resistance with a confirmed five-wave advance, it may indicate only a temporary bounce within a larger downtrend. Reaching the resistance levels or above it with a 5 wave impulse structure and a 3 wave retracement will cause a rally towards $300 plus, implying a wave one scenario to add support for a wave two retracement. A very important factor is a $190 price level which previously selling volume was high.
AI-generated summary based on the source content.
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