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 Online03 Dec 2025, 08:27 UTC
AI-generated source summary
The analysis identifies a 5-wave move up on the Solana chart, noting a similar structure to Bitcoin and Ethereum. It highlights how to recognize a high likelihood of a bounce, stating that after five waves up and three waves down, a reversal should be watched for. A break above initial resistance, around $131.50, serves as a breakout signal. The video specifies that any break above the 50% retracement level typically indicates the bulls are taking the lead because the downside impulse is broken, signaling a potential change in market direction. A price target of $137.14 is inferred based on the 23.6% fibonacci retracement from the 3-wave movements, with $129.54 calculated as a failure bound at the 38.2% retracement.
AI-generated summary based on the source content.
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