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 Online12 Dec 2025, 20:32 UTC
AI-generated source summary
The analysis of Solana (SOLUSD) on the 30-minute chart identifies a prolonged sideways consolidation since mid-November, with observed decreasing volatility. This market behavior is interpreted as a corrective Wave 4, specifically a potential triangle formation within a larger Wave B. The initial upward impulse, designated as Wave A, originated from approximately the $107 low on November 21st and reached a peak around $148. This was followed by a three-wave corrective structure, and the current price action is viewed as the final segment, Wave E, of the proposed triangle. A minor support zone for Wave E is observed between $131.55 and $135.85. Provided this support holds, the market is anticipated to initiate an impulsive Wave C. This C-wave is projected to target a resistance cluster ranging from $146.87 to $163.42, with a specific focus on the $153 to $156 area. A primary Fibonacci extension target for this ascending C-wave is $156.83. The bullish outlook is contingent on maintaining the critical support area between $124.22 and $126.40, which has demonstrated resilience through multiple tests. A sustained breach below $124.22 would invalidate the current bullish structural interpretation.
AI-generated summary based on the source content.
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