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, 08:00 UTC
AI-generated source summary
The analysis of Solana (SOLUSD) on the 30-minute timeframe identifies an ongoing ABC corrective structure to the upside. Previously, a five-wave advance (Wave A) was observed, potentially a leading diagonal from November 21st. This was followed by a three-wave pullback (Wave B), which, upon closer inspection, exhibited a five-wave decline in its C-leg, confirming a completed corrective pattern. Subsequent price action initiated a new five-wave upward impulse. A critical bullish signal was the breakout above the 50% retracement level of the preceding downward move, located at approximately $131.50, indicating increasing upward momentum. The current price movement is interpreted as an internal fourth wave pullback within the larger C-wave advance. This pullback is anticipated to find micro support between $133.20 (50% retracement) and $137.14 (23.6% retracement) of the current impulse. Upside targets for the completion of the C-wave are projected using Fibonacci extensions, with key resistances at $144.60, $146.52 (100% extension), $152.60 (123.6% extension), and $156.44 (138.2% extension). The analysis predicts at least one, and potentially two, further highs to finalize the C-wave. A downside break below the $133.20 support level would invalidate this immediate bullish C-wave scenario, potentially signaling an extension of the broader B-wave correction.
AI-generated summary based on the source content.
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