Is the Solana Bear Market Ending? Time Cycle Analysis

AI-generated source summary

The Solana chart is currently testing a resistance zone between $73.18 and $89.40, identified as a potential area for a Wave 2 correction. This correction may have already concluded in early June, suggested by a three-wave move down from the June high. The analysis indicates that Wave 2 might be extending. Given that Solana strongly correlates with Bitcoin, similar to XRP, and considering the broader market conditions, there's a possibility for a bullish continuation after this consolidation. The current price for SOLUSDT is observed around $76.00, with a projected target near $90.00. A failure below $73.00 would invalidate this bullish outlook. For Bitcoin (BTCUSDT), the current price is around $29,500, with a target of $31,000 and a fail bound at $29,000, suggesting a similar bullish sentiment if the market can break through its immediate resistance.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   29 Jun 2026, 07:16 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   29 Jun 2026, 08:09 UTC

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

3. Market predictions extracted

   29 Jun 2026, 08:09 UTC

   1 eligible signal linked to this case.

4. Source processing completed

   29 Jun 2026, 08:09 UTC

   Source analysis and structured extraction completed.

5. Outcome tracking started

   18 Jul 2026, 08:54 UTC

   Tahlil Plus began monitoring the extracted predictions.

6. Live evaluation in progress

   01 Aug 2026, 03:38 UTC

   1 signal remains active.