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More Crypto Online09 Aug 2025, 03:37 UTC
AI-generated source summary
The analyst discusses a potential five-wave move to the upside for Solana (SOLUSDT). The ideal target for the third wave is the blue target zone. In the yellow scenario, it is a five-wave move to the upside. Only three waves are up, but there is a potential for a five-wave move. He says if the wave two is still unfolding, its probably not an ABC structure. If that’s the case, the analyst says it would have to be a WXY structure, which is a less likely scenario. Analyst says it is important to see a reaction in the yellow zone. It is important to see the price stay above 140 to keep a bullish perspective. For the weekend, expect wave four pullback in the support zone between 168 and 172.33. A break below the last low at 174.30 indicates a fourth wave pullback. Next resistance 182 and support is at 168.
AI-generated summary based on the source content.
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