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 Online21 Dec 2025, 21:27 UTC
AI-generated source summary
The analysis focuses on Solana (SOLUSD) on a 30-minute chart, indicating that the asset has completed a five-wave impulse upward from a low around $117.40 on Thursday. This upward movement is interpreted as either Wave (A) or Wave (1). Currently, the price is undergoing a corrective pullback, identified as Wave (B) or Wave (2), and has entered a Fibonacci support area ranging from $123.45 (38.2% retracement) down to $118.99 (78.6% retracement). This three-wave corrective pattern is considered a typical and healthy market action. For the bullish trend to resume, the market needs to demonstrate a clear five-wave impulse upward from the current corrective low. Key resistance levels to watch for confirmation of an upward continuation include the Sunday swing high at $126.60, followed by the December 19th high at $128. The primary target for the subsequent impulsive wave (Wave (C) or Wave (3)) is projected within a Fibonacci extension zone, with specific levels at $129.14 (38.2%), $130.58 (50%), $132.03 (61.8%), and $134.60 (78.6%). The analysis remains bullish as long as the critical support level at $118.99 is maintained; a breach below this level would invalidate the current bullish outlook.
AI-generated summary based on the source content.
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