Solana Elliott Wave Update: Bear Market or Local Low

AI-generated source summary

The analysis focuses on Solana (SOL) against both USD and BTC, utilizing Elliott Wave theory and Fibonacci retracements. In the SOL/USD chart, the primary scenario suggests a continued bearish trend, with the price having recently faced rejection from resistance levels between $89.405 and $73.181. The current price around $68.806 is viewed as potentially completing wave 2 of a larger downtrend. Key support levels to watch for a potential bounce are identified at $62.428 (50% retracement), $43.222 (61.8% retracement), and $31.951 (61.8% extension), with the ultimate target zone for wave C (and potentially wave II) lying between $48.785 and $31.951. The fail bound for this bearish outlook is considered to be above $90.405. On the SOL/BTC chart, a similar bearish sentiment prevails. The analysis indicates that SOL/BTC has been in a downtrend, possibly forming a corrective wave C. The target zone for this downtrend is identified between 0.000759 and 0.0003759. A break above 0.0009764 would be needed to invalidate the current bearish outlook, with the fail bound set at 0.0016161.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   23 Jun 2026, 15:26 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   23 Jun 2026, 15:38 UTC

   The public source was preserved as the evidence record for this case.

3. Market predictions extracted

   23 Jun 2026, 15:38 UTC

   2 eligible signals linked to this case.

4. Source processing completed

   23 Jun 2026, 15:38 UTC

   Source analysis and structured extraction completed.

5. Outcome tracking started

   24 Jun 2026, 01:01 UTC

   Tahlil Plus began monitoring the extracted predictions.

6. First prediction resolved

   24 Jul 2026, 01:17 UTC

   The first evaluable outcome in this case reached a terminal result.

7. Case evaluation completed

   24 Jul 2026, 01:17 UTC

   All evaluable predictions in this case reached terminal outcomes.